KLA Co. (NASDAQ:KLAC) Shares Sold by Jensen Investment Management Inc.

Jensen Investment Management Inc. reduced its position in KLA Co. (NASDAQ:KLAC) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,827 shares of the semiconductor company’s stock after selling 7,428 shares during the quarter. KLA makes up approximately 3.0% of Jensen Investment Management Inc.’s portfolio, making the stock its 15th biggest position. Jensen Investment Management Inc. owned 0.40% of KLA worth $336,375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB grew its position in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after buying an additional 120 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of KLA by 14.1% during the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after buying an additional 4,112 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of KLA by 27.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock worth $6,161,000 after buying an additional 2,112 shares in the last quarter. Finally, Milestone Asset Management LLC acquired a new position in shares of KLA during the fourth quarter worth about $1,563,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

Shares of NASDAQ KLAC opened at $713.00 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The stock has a 50 day moving average of $726.81 and a two-hundred day moving average of $705.71. The stock has a market cap of $94.75 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KLAC. Barclays boosted their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Susquehanna boosted their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald boosted their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $830.67.

About KLA

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.