Capital Investment Advisors LLC Buys 61 Shares of KLA Co. (NASDAQ:KLAC)

Capital Investment Advisors LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 9.1% during the 3rd quarter, Holdings Channel reports. The fund owned 735 shares of the semiconductor company’s stock after buying an additional 61 shares during the quarter. Capital Investment Advisors LLC’s holdings in KLA were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KLAC. Swedbank AB boosted its position in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in KLA by 22.3% during the first quarter. New Mexico Educational Retirement Board now owns 8,780 shares of the semiconductor company’s stock worth $6,133,000 after acquiring an additional 1,600 shares in the last quarter. Norden Group LLC grew its stake in KLA by 1,579.3% in the first quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock valued at $4,589,000 after acquiring an additional 6,175 shares during the period. Sei Investments Co. increased its holdings in shares of KLA by 16.0% in the first quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock worth $53,756,000 after acquiring an additional 10,594 shares in the last quarter. Finally, Security National Bank raised its position in shares of KLA by 890.8% during the first quarter. Security National Bank now owns 2,477 shares of the semiconductor company’s stock worth $1,730,000 after purchasing an additional 2,227 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Barclays upped their target price on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, TD Cowen lifted their price target on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research note 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 data from MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $804.57.

KLA Price Performance

NASDAQ:KLAC opened at $678.52 on Monday. 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 firm has a fifty day simple moving average of $770.77 and a 200 day simple moving average of $764.80. KLA Co. has a 1-year low of $452.01 and a 1-year high of $896.32. The stock has a market capitalization of $91.36 billion, a PE ratio of 35.54, a P/E/G ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping 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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $5.40 EPS. KLA’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts expect that KLA Co. will post 29.13 EPS for the current fiscal 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 of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.85%. KLA’s payout ratio is 30.38%.

Insider Transactions at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s 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 completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at $6,063,876.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by company insiders.

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.