KLA Co. (NASDAQ:KLAC) Stake Reduced by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 967 shares of the semiconductor company’s stock after selling 65 shares during the period. Valeo Financial Advisors LLC’s holdings in KLA were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of KLA by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KLA by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after buying an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of KLA by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after buying an additional 71,289 shares during the period. Legal & General Group Plc raised its holdings in shares of KLA by 1.9% during the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares during the period. Finally, Van ECK Associates Corp boosted its stake in KLA by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock worth $917,970,000 after purchasing an additional 81,335 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ KLAC opened at $803.73 on Monday. KLA Co. has a 1 year low of $452.01 and a 1 year high of $896.32. The company has a fifty day simple moving average of $771.73 and a 200 day simple moving average of $764.31. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a market cap of $108.21 billion, a P/E ratio of 42.10, a P/E/G ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $5.40 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that KLA Co. will post 29.13 EPS for the current year.

KLA Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.72%. KLA’s dividend payout ratio is 30.38%.

Insider Transactions at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction on 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,873 shares of company stock worth $14,532,193. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KLAC shares. TD Cowen upped their price target on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Stifel Nicolaus upped their price objective on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, The Goldman Sachs Group lifted their target price on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price of $804.57.

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.