KLA Co. (NASDAQ:KLAC) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC decreased its stake in shares of KLA Co. (NASDAQ:KLAC) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 583 shares of the semiconductor company’s stock after selling 104 shares during the period. OneAscent Wealth Management LLC’s holdings in KLA were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Operose Advisors LLC acquired a new position in shares of KLA during the 3rd quarter valued at $26,000. Mutual Advisors LLC grew its holdings in KLA by 2.1% during the third quarter. Mutual Advisors LLC now owns 2,192 shares of the semiconductor company’s stock worth $1,005,000 after acquiring an additional 45 shares during the period. Mather Group LLC. raised its position in KLA by 21.3% in the third quarter. Mather Group LLC. now owns 2,109 shares of the semiconductor company’s stock worth $967,000 after acquiring an additional 371 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in KLA by 257.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,482 shares of the semiconductor company’s stock valued at $5,266,000 after acquiring an additional 8,268 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of KLA by 7.4% during the 3rd quarter. Toronto Dominion Bank now owns 97,941 shares of the semiconductor company’s stock valued at $44,922,000 after purchasing an additional 6,776 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 1.2 %

Shares of KLAC stock traded up $9.64 on Friday, hitting $824.51. The company’s stock had a trading volume of 849,376 shares, compared to its average volume of 806,531. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $876.55. The stock has a market capitalization of $111.01 billion, a price-to-earnings ratio of 43.19, a P/E/G ratio of 3.90 and a beta of 1.28. The firm’s fifty day moving average price is $759.32 and its 200-day moving average price is $680.37. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. KLA’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.49 earnings per share. Research analysts anticipate that KLA Co. will post 23.3 EPS for the current year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KLAC. Raymond James boosted their target price on shares of KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. TD Cowen lifted their target price on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Barclays raised KLA from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $630.00 to $765.00 in a report on Wednesday, June 5th. Citigroup increased their price target on KLA from $725.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Bank of America raised their target price on shares of KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.40.

Insider Activity at KLA

In related news, CEO Richard P. Wallace sold 14,009 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the transaction, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the transaction, the chief executive officer now directly owns 93,142 shares in the company, valued at $66,748,351.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the sale, the insider now owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. Insiders have sold 22,861 shares of company stock worth $16,795,913 over the last three months. Company insiders own 0.12% of the company’s stock.

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.