Sivia Capital Partners LLC Purchases New Position in KLA Co. (NASDAQ:KLAC)

Sivia Capital Partners LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the first quarter, according to its most recent filing with the SEC. The firm purchased 295 shares of the semiconductor company’s stock, valued at approximately $206,000.

Other hedge funds have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of KLA in the 4th quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in KLA during the 4th quarter worth approximately $26,000. DSM Capital Partners LLC acquired a new stake in KLA during the 4th quarter worth approximately $28,000. Addison Advisors LLC acquired a new stake in KLA during the 4th quarter worth approximately $29,000. Finally, Jones Financial Companies Lllp raised its holdings in KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after buying an additional 61 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 14,009 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the sale, the chief executive officer now directly owns 93,142 shares in the company, valued at $66,748,351.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Bren D. Higgins sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the sale, the chief financial officer now directly owns 31,356 shares in the company, valued at $24,726,714.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 14,009 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the sale, the chief executive officer now owns 93,142 shares in the company, valued at $66,748,351.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,861 shares of company stock worth $16,795,913. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays upgraded shares of KLA from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $630.00 to $765.00 in a report on Wednesday, June 5th. Bank of America raised 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. Cantor Fitzgerald raised their target price on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of KLA in a report on Thursday, April 11th. They set a “buy” rating and a $800.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research note on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $747.40.

KLA Price Performance

NASDAQ KLAC traded up $12.15 during trading on Wednesday, hitting $851.26. 131,709 shares of the company’s stock were exchanged, compared to its average volume of 896,431. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. The company has a market cap of $114.61 billion, a PE ratio of 43.96, a P/E/G ratio of 3.94 and a beta of 1.27. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $876.55. The stock’s 50 day moving average price is $767.02 and its two-hundred day moving average price is $685.50.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping the consensus estimate of $4.94 by $0.32. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.49 earnings per share. Research analysts expect that KLA Co. will post 23.3 EPS for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) 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.