Aquatic Capital Management LLC Buys New Position in KLA Co. (NASDAQ:KLAC)

Aquatic Capital Management LLC bought a new stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,567 shares of the semiconductor company's stock, valued at approximately $2,248,000.

Other large investors have also bought and sold shares of the company. Diversify Advisory Services LLC boosted its stake in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock valued at $443,000 after buying an additional 120 shares in the last quarter. Keyvantage Wealth LLC bought a new position in KLA during the fourth quarter valued at about $214,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of KLA by 27.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock valued at $6,161,000 after purchasing an additional 2,112 shares during the period. Milestone Asset Management LLC acquired a new position in shares of KLA in the 4th quarter valued at $1,563,000. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of KLA by 15.2% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 60,834 shares of the semiconductor company's stock valued at $38,326,000 after purchasing an additional 8,028 shares during the period. Institutional investors own 86.65% of the company's stock.

Insider Transactions at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup decreased their price target on KLA from $910.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Morgan Stanley upgraded KLA from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $748.00 to $870.00 in a research report on Monday, March 31st. The Goldman Sachs Group increased their price target on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus decreased their price objective on KLA from $825.00 to $750.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $804.67.

KLA Stock Down 0.1 %

KLAC opened at $693.72 on Tuesday. The business has a 50-day moving average of $683.99 and a 200-day moving average of $684.37. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a fifty-two week low of $551.33 and a fifty-two week high of $896.32. The company has a market capitalization of $92.19 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37.

KLA (NASDAQ:KLAC - Get Free Report) 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%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.98%. KLA's dividend payout ratio (DPR) is presently 28.60%.

KLA Company Profile

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.

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