Crestwood Advisors Group LLC Acquires 14,251 Shares of KLA Co. (NASDAQ:KLAC)

Crestwood Advisors Group LLC grew its holdings in KLA Co. (NASDAQ:KLACFree Report) by 48.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,484 shares of the semiconductor company’s stock after acquiring an additional 14,251 shares during the period. Crestwood Advisors Group LLC’s holdings in KLA were worth $25,277,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Graypoint LLC raised its position in KLA by 9.6% in the fourth quarter. Graypoint LLC now owns 2,630 shares of the semiconductor company’s stock worth $1,529,000 after acquiring an additional 231 shares during the period. NewEdge Wealth LLC raised its position in KLA by 14.1% in the fourth quarter. NewEdge Wealth LLC now owns 82,640 shares of the semiconductor company’s stock worth $48,039,000 after acquiring an additional 10,235 shares during the period. Hartford Financial Management Inc. raised its position in KLA by 1.5% in the fourth quarter. Hartford Financial Management Inc. now owns 2,404 shares of the semiconductor company’s stock worth $1,397,000 after acquiring an additional 35 shares during the period. Perigon Wealth Management LLC raised its position in shares of KLA by 7.3% during the 4th quarter. Perigon Wealth Management LLC now owns 749 shares of the semiconductor company’s stock valued at $436,000 after purchasing an additional 51 shares during the period. Finally, Valeo Financial Advisors LLC raised its position in shares of KLA by 3.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $440,000 after purchasing an additional 25 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction dated 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 in the company, valued at approximately $22,825,670. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction dated 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 in the company, valued at approximately $22,825,670. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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 approximately $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

KLA Price Performance

KLAC stock opened at $680.78 on Friday. KLA Co. has a 12 month low of $355.88 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 company has a 50-day moving average price of $680.01 and a 200 day moving average price of $586.58. The stock has a market cap of $92.06 billion, a PE ratio of 34.57, a P/E/G ratio of 3.31 and a beta of 1.34.

KLA (NASDAQ:KLACGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, topping analysts’ consensus estimates of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the company earned $7.38 EPS. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. Equities research analysts anticipate that KLA Co. will post 22.65 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.85%. KLA’s dividend payout ratio is presently 29.46%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Berenberg Bank raised their price objective on shares of KLA from $670.00 to $690.00 and gave the company a “buy” rating in a research report on Friday, January 26th. New Street Research assumed coverage on shares of KLA in a research report on Monday, December 18th. They set a “buy” rating and a $730.00 price objective on the stock. Cantor Fitzgerald raised their price objective on shares of KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Barclays raised their price objective on shares of KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Finally, Raymond James raised their price objective on shares of KLA from $550.00 to $625.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $671.84.

Check Out Our Latest Analysis on KLAC

About KLA

(Free Report)

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.

See Also

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.