Mission Wealth Management LP Has $754,000 Holdings in KLA Co. (NASDAQ:KLAC)

Mission Wealth Management LP raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,080 shares of the semiconductor company’s stock after purchasing an additional 66 shares during the period. Mission Wealth Management LP’s holdings in KLA were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in KLA during the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of KLA in the 4th quarter valued at approximately $26,000. DSM Capital Partners LLC acquired a new stake in shares of KLA in the 4th quarter valued at approximately $28,000. Addison Advisors LLC acquired a new stake in shares of KLA in the 4th quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp raised its position 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 acquiring an additional 61 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the sale, the chief executive officer now owns 93,142 shares of the company’s stock, valued at approximately $66,748,351.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other KLA news, insider Ahmad A. Khan sold 7,833 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at approximately $66,748,351.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,905 shares of company stock valued at $16,831,966. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of analyst reports. Evercore ISI initiated coverage on shares of KLA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price target on the stock. Citigroup increased their price target on shares of KLA from $725.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of KLA in a research report on Thursday, April 11th. They issued a “buy” rating and a $800.00 price target on the stock. TD Cowen increased their price target on shares of KLA from $650.00 to $700.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Stifel Nicolaus increased their target price on KLA from $685.00 to $760.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $747.40.

KLA Trading Up 0.2 %

NASDAQ KLAC opened at $855.21 on Friday. The company has a market cap of $115.15 billion, a PE ratio of 44.80, a PEG ratio of 3.38 and a beta of 1.27. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. KLA Co. has a 12 month low of $440.15 and a 12 month high of $876.55. The stock has a 50 day moving average of $777.54 and a 200-day moving average of $690.54.

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

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 14th. KLA’s payout ratio is presently 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.