Trilogy Capital Inc. Has $1.89 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Trilogy Capital Inc. increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 24.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,446 shares of the semiconductor company’s stock after purchasing an additional 476 shares during the period. Trilogy Capital Inc.’s holdings in KLA were worth $1,894,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KLAC. Vanguard Group Inc. increased its stake in shares of KLA by 0.6% in 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 buying an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of 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 acquiring an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of KLA by 2.8% during 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 purchasing an additional 71,289 shares during the period. Legal & General Group Plc grew its stake in shares of KLA by 1.9% in the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after purchasing an additional 21,412 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in KLA by 7.9% in the second quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock valued at $917,970,000 after purchasing an additional 81,335 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. 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 can be accessed through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,873 shares of company stock valued at $14,532,193. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KLAC. Wells Fargo & Company cut their target price on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI upped their target price on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Argus raised their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group increased their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $804.57.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $673.61 on Tuesday. KLA Co. has a twelve month low of $452.01 and a twelve month high of $896.32. The stock’s 50 day moving average is $769.09 and its 200-day moving average is $764.81. 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 capitalization of $90.69 billion, a price-to-earnings ratio of 35.29, a PEG 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. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.40 earnings per share. Sell-side analysts forecast that KLA Co. will post 29.13 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.86%. KLA’s dividend payout ratio (DPR) is currently 30.38%.

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.