denkapparat Operations GmbH Makes New Investment in KLA Co. (NASDAQ:KLAC)

denkapparat Operations GmbH purchased a new stake in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 546 shares of the semiconductor company’s stock, valued at approximately $344,000.

A number of other institutional investors also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter worth $29,000. Tortoise Investment Management LLC increased its stake in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the last quarter. TCTC Holdings LLC purchased a new stake in shares of KLA during the 4th quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA in the fourth quarter valued at approximately $32,000. Finally, Groupama Asset Managment increased its stake in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares during the period. Institutional investors own 86.65% of the company’s stock.

Insider Activity

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at $20,867,606.76. This represents a 19.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.12% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $700.00 on Friday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The stock has a market capitalization of $93.02 billion, a P/E ratio of 29.44, a PEG ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm’s 50 day moving average is $729.51 and its 200 day moving average is $703.36.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

Analyst Ratings Changes

Several research analysts have commented on KLAC shares. UBS Group lifted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average target price 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.