Mackenzie Financial Corp Acquires 1,048 Shares of KLA Co. (NASDAQ:KLAC)

Mackenzie Financial Corp raised its holdings in KLA Co. (NASDAQ:KLAC) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,522 shares of the semiconductor company’s stock after purchasing an additional 1,048 shares during the period. Mackenzie Financial Corp’s holdings in KLA were worth $17,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Blair William & Co. IL increased its stake in KLA by 1.9% during the 1st quarter. Blair William & Co. IL now owns 22,566 shares of the semiconductor company’s stock worth $8,261,000 after acquiring an additional 413 shares during the period. Sei Investments Co. increased 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 worth $29,382,000 after purchasing an additional 20,773 shares during the period. Prudential PLC raised its stake in KLA by 183.1% in the first quarter. Prudential PLC now owns 4,374 shares of the semiconductor company’s stock valued at $1,601,000 after purchasing an additional 2,829 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in KLA by 32.9% during the first quarter. Sequoia Financial Advisors LLC now owns 924 shares of the semiconductor company’s stock worth $338,000 after buying an additional 229 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings 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 buying an additional 2,151 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Transactions at KLA

In related news, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other KLA news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction that occurred 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 transaction, 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 through this link. Also, CFO Bren D. Higgins sold 7,018 shares of KLA 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 completion of 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. 0.12% of the stock is currently owned by corporate insiders.

KLA Stock Performance

NASDAQ KLAC opened at $644.22 on Friday. The company has a market capitalization of $87.12 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.39 and a beta of 1.34. 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 Co. has a twelve month low of $355.88 and a twelve month high of $729.15. The stock has a fifty day simple moving average of $684.63 and a 200 day simple moving average of $591.62.

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

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio is currently 29.46%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Cantor Fitzgerald lifted their price target on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Bank of America upped their price objective on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. lifted their target price on KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Evercore ISI began coverage on KLA in a research note on Tuesday. They set an “outperform” rating and a $800.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price of $688.42.

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.