CANADA LIFE ASSURANCE Co Purchases 5,284 Shares of KLA Co. (NASDAQ:KLAC)

CANADA LIFE ASSURANCE Co increased its position in shares of KLA Co. (NASDAQ:KLAC) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,426 shares of the semiconductor company’s stock after acquiring an additional 5,284 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.11% of KLA worth $90,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Hutchens & Kramer Investment Management Group LLC lifted its stake in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after acquiring an additional 15 shares in the last quarter. Catalyst Financial Partners LLC grew its position in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 15 shares during the last quarter. Finally, Anchor Investment Management LLC increased its holdings in KLA by 12.0% in the 4th quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 15 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Stock Down 1.2 %

Shares of NASDAQ KLAC opened at $634.43 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The firm has a market cap of $84.31 billion, a PE ratio of 26.68, a P/E/G ratio of 1.57 and a beta of 1.37. The company’s fifty day simple moving average is $697.62 and its 200 day simple moving average is $691.75. KLA Co. has a 12-month low of $551.33 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 1.07%. KLA’s dividend payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KLAC shares. Deutsche Bank Aktiengesellschaft boosted their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley upgraded shares of KLA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $748.00 to $870.00 in a research report on Monday, March 31st. Cantor Fitzgerald lifted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company increased their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $814.11.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the sale, the chief financial officer now owns 28,798 shares in the company, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.