Goelzer Investment Management Inc. Has $4.15 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Goelzer Investment Management Inc. decreased its position in KLA Co. (NASDAQ:KLAC) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,363 shares of the semiconductor company’s stock after selling 31 shares during the period. Goelzer Investment Management Inc.’s holdings in KLA were worth $4,153,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KLAC. Swedbank AB acquired a new position in shares of KLA in the first quarter valued at approximately $379,678,000. Wellington Management Group LLP boosted its stake in KLA by 12.2% in 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 period. Van ECK Associates Corp increased its holdings in 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 in the last quarter. 1832 Asset Management L.P. raised its stake in shares of KLA by 2,205.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after purchasing an additional 192,849 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of KLA by 136.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after purchasing an additional 178,474 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Insider Activity at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the transaction, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the sale, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,873 shares of company stock worth $14,532,193. Corporate insiders own 0.12% of the company’s stock.

KLA Stock Performance

Shares of KLAC traded up $12.83 during trading hours on Friday, hitting $787.39. The company had a trading volume of 757,463 shares, compared to its average volume of 926,023. The business has a fifty day moving average of $768.54 and a 200-day moving average of $760.04. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The firm has a market cap of $106.01 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 1.51 and a beta of 1.27. KLA Co. has a 12 month low of $449.35 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last released 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. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm earned $5.40 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.74%. KLA’s payout ratio is presently 30.38%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KLAC. TD Cowen lifted their target price on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Barclays boosted their price objective on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Susquehanna reduced their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. UBS Group lowered 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, September 12th. Finally, Cantor Fitzgerald reduced their price objective on shares of KLA from $950.00 to $925.00 and set a “neutral” rating for the company in a research note on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $804.81.

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.