Bryn Mawr Capital Management LLC Purchases 3,361 Shares of KLA Co. (NASDAQ:KLAC)

Bryn Mawr Capital Management LLC raised its stake in KLA Co. (NASDAQ:KLAC) by 27.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,586 shares of the semiconductor company’s stock after buying an additional 3,361 shares during the period. Bryn Mawr Capital Management LLC’s holdings in KLA were worth $9,060,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in shares of KLA in the 4th quarter worth $25,000. OFI Invest Asset Management bought a new position in shares of KLA in the 3rd quarter worth $26,000. Operose Advisors LLC bought a new position in shares of KLA in the 3rd quarter worth $26,000. Carmel Capital Partners LLC increased its holdings in shares of KLA by 163.9% in the 3rd quarter. Carmel Capital Partners LLC now owns 95 shares of the semiconductor company’s stock worth $44,000 after buying an additional 59 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after buying an additional 17 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on KLAC. Bank of America increased their target price on shares of KLA from $740.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Evercore ISI began coverage on shares of KLA in a report on Tuesday, April 16th. They set an “outperform” rating and a $800.00 target price on the stock. Citigroup increased their target price on shares of KLA from $700.00 to $725.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their target price on shares of KLA from $550.00 to $630.00 and gave the company an “underweight” rating in a report on Friday. Finally, UBS Group increased their target price on shares of KLA from $605.00 to $760.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $720.42.

Insider Transactions at KLA

In related news, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at approximately $22,825,670. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Oreste Donzella sold 3,257 shares of the 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 completion of the transaction, the executive vice president now directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

KLA Trading Up 4.9 %

NASDAQ:KLAC opened at $706.26 on Friday. The company has a 50-day moving average price of $685.41 and a 200-day moving average price of $599.79. KLA Co. has a 12 month low of $369.00 and a 12 month high of $729.15. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69. The stock has a market cap of $95.51 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 3.36 and a beta of 1.34.

KLA (NASDAQ:KLAC) last posted 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. KLA had a net margin of 27.19% and a return on equity of 103.31%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company posted $5.49 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts predict that KLA Co. will post 22.61 EPS for the current year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were given a $1.45 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.82%. KLA’s dividend payout ratio is 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.