KLA Co. (NASDAQ:KLAC) is D. Scott Neal Inc.’s 8th Largest Position

D. Scott Neal Inc. trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,967 shares of the semiconductor company’s stock after selling 414 shares during the period. KLA comprises about 4.5% of D. Scott Neal Inc.’s portfolio, making the stock its 8th largest holding. D. Scott Neal Inc.’s holdings in KLA were worth $8,493,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Wealth Management LLC boosted its position in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares during the period. Family Firm Inc. purchased a new stake in KLA during the second quarter valued at about $30,000. 1620 Investment Advisors Inc. purchased a new stake in KLA during the second quarter valued at about $44,000. LRI Investments LLC purchased a new stake in KLA during the first quarter valued at about $45,000. Finally, OFI Invest Asset Management boosted its holdings in shares of KLA by 29.8% during the first quarter. OFI Invest Asset Management now owns 74 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 17 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KLAC has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Barclays increased their target price on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Oppenheimer initiated coverage on shares of KLA in a report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 target price for the company. Evercore ISI increased their target price on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group increased their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

Insider Activity at KLA

In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,873 shares of company stock valued at $14,532,193 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC opened at $678.52 on Friday. KLA Co. has a fifty-two week low of $452.01 and a fifty-two week high of $896.32. The company has a 50 day simple moving average of $770.77 and a two-hundred day simple moving average of $763.84. The company has a market capitalization of $91.36 billion, a price-to-earnings ratio of 35.54, a P/E/G ratio of 1.60 and a beta of 1.27. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $5.40 earnings per share. Analysts expect that KLA Co. will post 29.13 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is currently 30.38%.

KLA 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.