KLA Co. (NASDAQ:KLAC) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in KLA Co. (NASDAQ:KLAC) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,711 shares of the semiconductor company’s stock after purchasing an additional 3,064 shares during the quarter. Sei Investments Co.’s holdings in KLA were worth $53,378,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KLAC. American Century Companies Inc. increased its position in shares of KLA by 2.8% during the 4th quarter. American Century Companies Inc. now owns 203,744 shares of the semiconductor company’s stock worth $128,383,000 after purchasing an additional 5,579 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in KLA by 45.4% during the fourth quarter. Mizuho Securities USA LLC now owns 12,677 shares of the semiconductor company’s stock worth $7,988,000 after buying an additional 3,960 shares during the period. Quantbot Technologies LP increased its position in shares of KLA by 43.2% during the fourth quarter. Quantbot Technologies LP now owns 31,415 shares of the semiconductor company’s stock valued at $19,795,000 after acquiring an additional 9,482 shares during the last quarter. Whittier Trust Co. raised its stake in shares of KLA by 11.9% in the 4th quarter. Whittier Trust Co. now owns 2,025 shares of the semiconductor company’s stock valued at $1,276,000 after acquiring an additional 216 shares during the period. Finally, Blueshift Asset Management LLC lifted its holdings in shares of KLA by 19.8% in the 4th quarter. Blueshift Asset Management LLC now owns 1,279 shares of the semiconductor company’s stock worth $806,000 after acquiring an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $706.49 on Monday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. 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 company has a market cap of $93.88 billion, a P/E ratio of 29.71, a PEG ratio of 1.57 and a beta of 1.30. The firm has a fifty day moving average price of $729.52 and a 200 day moving average price of $703.24.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. Sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA’s dividend payout ratio is presently 28.60%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Needham & Company LLC lifted their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Susquehanna increased their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.