Diversify Advisory Services LLC Sells 218 Shares of KLA Co. (NASDAQ:KLAC)

Diversify Advisory Services LLC lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 29.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 528 shares of the semiconductor company’s stock after selling 218 shares during the period. Diversify Advisory Services LLC’s holdings in KLA were worth $409,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KLAC. Norden Group LLC boosted its stake in shares of KLA by 1,579.3% during the 1st quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock worth $4,589,000 after acquiring an additional 6,175 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of KLA during the 1st quarter worth about $218,000. Mission Wealth Management LP lifted its position in shares of KLA by 6.5% during the 1st quarter. Mission Wealth Management LP now owns 1,080 shares of the semiconductor company’s stock worth $754,000 after purchasing an additional 66 shares during the last quarter. 1834 Investment Advisors Co. lifted its position in shares of KLA by 5.0% during the 1st quarter. 1834 Investment Advisors Co. now owns 1,289 shares of the semiconductor company’s stock worth $900,000 after purchasing an additional 61 shares during the last quarter. Finally, Fortem Financial Group LLC lifted its position in shares of KLA by 3.1% during the 1st quarter. Fortem Financial Group LLC now owns 6,400 shares of the semiconductor company’s stock worth $4,471,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Insider Activity

In other news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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. Insiders sold 20,873 shares of company stock worth $14,532,193 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KLAC. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Citigroup cut their price objective on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Barclays cut their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $802.90.

KLA Stock Performance

Shares of KLA stock opened at $666.23 on Friday. The company has a market capitalization of $89.26 billion, a PE ratio of 30.42, a PEG ratio of 1.69 and a beta of 1.27. KLA Co. has a 12 month low of $453.50 and a 12 month high of $896.32. 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 stock’s fifty day simple moving average is $747.12 and its 200 day simple moving average is $762.96.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the business posted $5.74 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts predict that KLA Co. will post 29.07 EPS for the current year.

About KLA

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.