E Fund Management Co. Ltd. Has $21.69 Million Position in KLA Co. (NASDAQ:KLAC)

E Fund Management Co. Ltd. decreased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 37,310 shares of the semiconductor company’s stock after selling 224 shares during the period. KLA makes up approximately 1.4% of E Fund Management Co. Ltd.’s holdings, making the stock its 14th largest holding. E Fund Management Co. Ltd.’s holdings in KLA were worth $21,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Alkeon Capital Management LLC lifted its stake in shares of KLA by 52.8% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,156,913 shares of the semiconductor company’s stock valued at $530,630,000 after acquiring an additional 400,000 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in KLA by 6,309.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 250,147 shares of the semiconductor company’s stock worth $145,410,000 after acquiring an additional 246,244 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of KLA during the fourth quarter worth $132,189,000. Wellington Management Group LLP grew its stake in shares of KLA by 6.4% in the third quarter. Wellington Management Group LLP now owns 3,159,498 shares of the semiconductor company’s stock worth $1,449,135,000 after purchasing an additional 190,355 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in KLA by 12.7% in the third quarter. Invesco Ltd. now owns 1,365,784 shares of the semiconductor company’s stock valued at $626,431,000 after purchasing an additional 153,752 shares during the period. 86.65% of the stock is owned by institutional investors.

Insider Transactions at KLA

In other news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction on Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the sale, the executive vice president now directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KLA news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction dated Monday, March 25th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $4,947,970.72. Following the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KLAC. TD Cowen increased their price target on KLA from $650.00 to $700.00 and gave the company a “hold” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of KLA in a research report on Thursday, April 11th. They set a “buy” rating and a $800.00 price target on the stock. Susquehanna reissued a “neutral” rating and issued a $675.00 price objective on shares of KLA in a research note on Monday, April 1st. Finally, Bank of America raised their target price on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $722.26.

KLA Stock Down 0.9 %

Shares of KLAC stock traded down $6.48 during trading hours on Thursday, reaching $710.67. The company had a trading volume of 736,804 shares, compared to its average volume of 951,355. The company has a market cap of $95.68 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.33. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46. KLA Co. has a 12 month low of $380.50 and a 12 month high of $729.15. The business has a fifty day simple moving average of $690.33 and a 200-day simple moving average of $612.86.

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

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.45 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.80 annualized dividend and a dividend yield of 0.82%. KLA’s dividend payout ratio is currently 30.38%.

KLA Company 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.