Fidelis Capital Partners LLC Has $775,000 Stake in KLA Co. (NASDAQ:KLAC)

Fidelis Capital Partners LLC raised its holdings in KLA Co. (NASDAQ:KLAC) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,333 shares of the semiconductor company’s stock after acquiring an additional 183 shares during the period. Fidelis Capital Partners LLC’s holdings in KLA were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in shares of KLA by 1.9% during the first quarter. Blair William & Co. IL now owns 22,566 shares of the semiconductor company’s stock worth $8,261,000 after buying an additional 413 shares during the period. Sei Investments Co. lifted its position in shares of KLA by 34.9% in the first quarter. Sei Investments Co. now owns 80,289 shares of the semiconductor company’s stock valued at $29,382,000 after buying an additional 20,773 shares during the last quarter. Prudential PLC boosted its stake in shares of KLA by 183.1% during the 1st quarter. Prudential PLC now owns 4,374 shares of the semiconductor company’s stock worth $1,601,000 after acquiring an additional 2,829 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of KLA by 32.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 924 shares of the semiconductor company’s stock worth $338,000 after acquiring an additional 229 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in KLA by 4.4% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 50,684 shares of the semiconductor company’s stock valued at $18,553,000 after acquiring an additional 2,151 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

Shares of NASDAQ KLAC traded down $5.89 during midday trading on Friday, reaching $638.33. 120,106 shares of the company were exchanged, compared to its average volume of 950,148. The stock’s 50-day moving average price is $684.63 and its 200-day moving average price is $591.62. The stock has a market cap of $86.32 billion, a P/E ratio of 32.72, a PEG ratio of 3.29 and a beta of 1.34. KLA Co. has a one year low of $355.88 and a one year high of $729.15. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, topping the consensus estimate of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the firm posted $7.38 earnings per share. KLA’s revenue for the quarter was down 16.7% on a year-over-year basis. On average, sell-side analysts anticipate that KLA Co. will post 22.61 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $1.45 dividend. The ex-dividend date was Thursday, February 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.91%. KLA’s dividend payout ratio is 29.46%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of KLA from $500.00 to $550.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. Stifel Nicolaus boosted their price objective on KLA from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Tuesday. Berenberg Bank boosted their price objective on KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Raymond James boosted their price objective on KLA from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on KLA in a report on Thursday, April 11th. They set a “buy” rating and a $800.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.42.

Insider Buying and Selling

In related news, EVP Oreste Donzella sold 3,257 shares of the business’s stock in a transaction on 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 the SEC website. 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were 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 directly owns 32,375 shares in the company, valued at approximately $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

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.