Amalgamated Bank Has $20.90 Million Holdings in KLA Co. (NASDAQ:KLAC)

Amalgamated Bank trimmed its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,957 shares of the semiconductor company's stock after selling 3,218 shares during the period. Amalgamated Bank's holdings in KLA were worth $20,902,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in shares of KLA during the 4th quarter worth $25,000. OFI Invest Asset Management bought a new stake in shares of KLA during the 3rd quarter valued at approximately $26,000. Operose Advisors LLC acquired a new position in KLA during the 3rd quarter worth approximately $26,000. Addison Advisors LLC acquired a new position in KLA during the 4th quarter worth approximately $29,000. Finally, Carmel Capital Partners LLC lifted its stake in KLA by 163.9% in the 3rd quarter. Carmel Capital Partners LLC now owns 95 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 59 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Insider Activity at KLA

In other news, EVP Oreste Donzella sold 3,257 shares of the business's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now directly owns 16,922 shares of the company's stock, valued at $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Oreste Donzella sold 3,257 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the transaction, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares of the company's stock, valued at $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

KLA Trading Up 2.1 %

Shares of KLAC stock traded up $14.54 during trading hours on Friday, hitting $696.59. 819,930 shares of the company were exchanged, compared to its average volume of 959,950. The company has a 50 day simple moving average of $687.46 and a two-hundred day simple moving average of $605.39. The firm has a market cap of $93.79 billion, a P/E ratio of 36.49, a P/E/G ratio of 2.84 and a beta of 1.33. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. KLA Co. has a fifty-two week low of $369.66 and a fifty-two week high of $729.15.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping analysts' consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the company posted $5.49 earnings per share. Equities analysts anticipate that KLA Co. will post 23.24 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, May 14th. KLA's dividend payout ratio is currently 30.38%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KLAC. Needham & Company LLC reiterated a "hold" rating on shares of KLA in a research note on Friday, April 26th. Morgan Stanley increased their target price on KLA from $692.00 to $698.00 and gave the company an "equal weight" rating in a research report on Friday, April 26th. Susquehanna restated a "neutral" rating and set a $675.00 price target on shares of KLA in a report on Monday, April 1st. Cantor Fitzgerald lifted their target price on shares of KLA from $625.00 to $800.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, Bank of America boosted their target price on shares of KLA from $740.00 to $850.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $722.26.

About KLA

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.

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