Fielder Capital Group LLC Invests $223,000 in KLA Co. (NASDAQ:KLAC)

Fielder Capital Group LLC acquired a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 383 shares of the semiconductor company’s stock, valued at approximately $223,000.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of KLA in the 4th quarter valued at $25,000. OFI Invest Asset Management purchased a new position in KLA in the third quarter valued at about $26,000. Operose Advisors LLC bought a new position in KLA in the third quarter worth about $26,000. Addison Advisors LLC purchased a new stake in shares of KLA during the fourth quarter valued at about $29,000. Finally, Carmel Capital Partners LLC boosted its holdings in shares of 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 buying an additional 59 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Insider Activity

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 16,922 shares in the company, valued at $11,809,017.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the transaction, the chief financial officer now owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Oreste Donzella sold 3,257 shares of the business’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 sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

KLA Stock Performance

NASDAQ KLAC traded up $21.79 during mid-day trading on Monday, reaching $718.38. 873,635 shares of the stock were exchanged, compared to its average volume of 957,633. KLA Co. has a 1 year low of $374.49 and a 1 year high of $729.15. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. The business’s 50 day moving average is $688.71 and its 200-day moving average is $610.35. The company has a market capitalization of $96.72 billion, a P/E ratio of 37.63, a P/E/G ratio of 2.97 and a beta of 1.33.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $5.49 EPS. On average, equities research analysts forecast that KLA Co. will post 23.24 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, May 14th. KLA’s payout ratio is 30.38%.

Analysts Set New Price Targets

A number of research firms recently commented on KLAC. Cantor Fitzgerald increased their target price on shares of KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Evercore ISI initiated coverage on KLA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price target for the company. TD Cowen boosted their price target on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Susquehanna restated a “neutral” rating and set a $675.00 price objective on shares of KLA in a report on Monday, April 1st. Finally, Berenberg Bank lifted their target price on shares of KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus price target of $722.26.

KLA Profile

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.