KLA Co. (NASDAQ:KLAC) Stake Raised by Marshall Financial Group LLC

Marshall Financial Group LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,437 shares of the semiconductor company’s stock after acquiring an additional 107 shares during the quarter. Marshall Financial Group LLC’s holdings in KLA were worth $1,702,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KLAC. Fortitude Family Office LLC acquired a new stake in KLA during the fourth quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new position in KLA in the 4th quarter worth about $26,000. DSM Capital Partners LLC purchased a new stake in shares of KLA during the 4th quarter worth about $28,000. Addison Advisors LLC acquired a new stake in shares of KLA during the 4th quarter valued at about $29,000. Finally, Jones Financial Companies Lllp grew its stake in shares of KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the topic of several analyst reports. TD Cowen increased their price target on shares of KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Monday. Citigroup increased their price target on KLA from $725.00 to $760.00 and gave the company a “buy” rating in a report on Monday, April 29th. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research report on Friday, April 26th. Finally, Susquehanna restated a “neutral” rating and set a $675.00 price objective on shares of KLA in a report on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.40.

Insiders Place Their Bets

In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the transaction, the chief executive officer now owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total value of $10,039,269.67. Following the transaction, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ahmad A. Khan sold 7,833 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the sale, the insider now owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,905 shares of company stock valued at $16,831,966. 0.12% of the stock is currently owned by corporate insiders.

KLA Stock Up 1.7 %

Shares of KLAC stock traded up $14.22 during trading on Thursday, reaching $853.33. The company’s stock had a trading volume of 440,788 shares, compared to its average volume of 766,154. The company has a market cap of $114.89 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 3.32 and a beta of 1.27. KLA Co. has a one year low of $440.15 and a one year high of $876.55. The business has a fifty day moving average price of $770.95 and a 200-day moving average price of $686.67. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company earned $5.49 EPS. KLA’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts anticipate that KLA Co. will post 23.3 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a dividend of $1.45 per share. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a yield of 0.68%. KLA’s payout ratio is 30.38%.

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.