Healthcare of Ontario Pension Plan Trust Fund Has $168,000 Stake in KLA Co. (NASDAQ:KLAC)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 99.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241 shares of the semiconductor company’s stock after selling 29,759 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in KLA were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Procyon Advisors LLC increased its holdings in shares of KLA by 7.9% in the fourth quarter. Procyon Advisors LLC now owns 792 shares of the semiconductor company’s stock valued at $460,000 after purchasing an additional 58 shares during the last quarter. Caprock Group LLC increased its holdings in shares of KLA by 11.8% in the fourth quarter. Caprock Group LLC now owns 1,473 shares of the semiconductor company’s stock valued at $857,000 after purchasing an additional 155 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in shares of KLA by 0.4% in the fourth quarter. Hennessy Advisors Inc. now owns 6,847 shares of the semiconductor company’s stock valued at $3,980,000 after purchasing an additional 29 shares during the last quarter. Delta Financial Group Inc. acquired a new position in shares of KLA in the fourth quarter valued at $229,000. Finally, Realta Investment Advisors acquired a new position in shares of KLA in the fourth quarter valued at $377,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of KLA in a research note on Monday, May 13th. They issued a “buy” rating and a $820.00 price target on the stock. The Goldman Sachs Group upped their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna decreased their price target on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research note on Thursday. Morgan Stanley upped their price target on shares of KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of KLA in a research note on Thursday, April 11th. They set a “buy” rating and a $800.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $806.24.

Insider Activity at KLA

In related news, EVP Brian Lorig sold 44 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the sale, the executive vice president now directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other KLA news, EVP Brian Lorig sold 44 shares of KLA stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the transaction, the executive vice president now owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total value of $803,563.02. Following the transaction, the chief financial officer now directly owns 31,356 shares of the company’s stock, valued at approximately $24,726,714.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,905 shares of company stock worth $16,831,966. Company insiders own 0.12% of the company’s stock.

KLA Trading Up 3.2 %

NASDAQ KLAC opened at $787.39 on Friday. The stock has a market capitalization of $106.01 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 3.01 and a beta of 1.27. KLA Co. has a one year low of $440.15 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.46. The business’s fifty day moving average is $809.47 and its 200-day moving average is $715.73.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business posted $5.40 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that KLA Co. will post 28.28 EPS for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio is currently 30.38%.

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.