KLA Co. (NASDAQ:KLAC) Holdings Raised by MGO One Seven LLC

MGO One Seven LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 28.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,003 shares of the semiconductor company’s stock after buying an additional 222 shares during the quarter. MGO One Seven LLC’s holdings in KLA were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. Norges Bank purchased a new stake in KLA in the 4th quarter worth approximately $1,048,728,000. Swedbank AB purchased a new stake in KLA in the 1st quarter worth approximately $379,678,000. Wellington Management Group LLP increased its stake in shares of KLA by 12.2% during the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock worth $2,061,469,000 after purchasing an additional 386,810 shares during the last quarter. TD Asset Management Inc increased its stake in shares of KLA by 43.4% during the 4th quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock worth $580,008,000 after purchasing an additional 301,848 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of KLA by 25.7% during the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock worth $720,936,000 after purchasing an additional 211,227 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Brian Lorig sold 44 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Brian Lorig sold 44 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,917 shares of company stock worth $14,568,247. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup dropped their price target on shares of KLA from $990.00 to $960.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. UBS Group dropped their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research note on Thursday. Stifel Nicolaus increased their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Wells Fargo & Company increased their price target on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Finally, Susquehanna dropped their price target on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $805.52.

KLA Price Performance

Shares of KLAC stock opened at $751.50 on Friday. The stock has a 50 day moving average of $785.10 and a two-hundred day moving average of $752.79. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32. The company has a market capitalization of $101.18 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.49 and a beta of 1.28.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $5.40 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities analysts expect that KLA Co. will post 29.09 EPS for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.77%. KLA’s dividend payout ratio is currently 30.38%.

About KLA

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.