Commonwealth Retirement Investments LLC Has $1.09 Million Holdings in KLA Co. (NASDAQ:KLAC)

Commonwealth Retirement Investments LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 53.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,316 shares of the semiconductor company’s stock after selling 1,494 shares during the period. Commonwealth Retirement Investments LLC’s holdings in KLA were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KLAC. Advisor OS LLC increased its holdings in KLA by 4.9% in the 2nd quarter. Advisor OS LLC now owns 1,311 shares of the semiconductor company’s stock valued at $1,081,000 after buying an additional 61 shares during the period. Boyar Asset Management Inc. bought a new position in KLA in the second quarter valued at approximately $225,000. Howard Capital Management Inc. raised its position in KLA by 0.9% during the second quarter. Howard Capital Management Inc. now owns 8,028 shares of the semiconductor company’s stock valued at $6,619,000 after purchasing an additional 74 shares in the last quarter. Candriam S.C.A. lifted its stake in KLA by 19.2% during the second quarter. Candriam S.C.A. now owns 60,231 shares of the semiconductor company’s stock worth $49,659,000 after purchasing an additional 9,695 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of KLA by 55.2% in the 2nd quarter. Private Advisor Group LLC now owns 5,722 shares of the semiconductor company’s stock valued at $4,719,000 after purchasing an additional 2,034 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other KLA news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s 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 sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,917 shares of company stock worth $14,568,247. Insiders own 0.12% of the company’s stock.

KLA Stock Performance

KLAC stock opened at $702.80 on Friday. 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 has a 50-day moving average price of $796.54 and a 200-day moving average price of $750.59. KLA Co. has a 1-year low of $440.15 and a 1-year high of $896.32. The firm has a market cap of $94.62 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business’s revenue for the quarter 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. As a group, equities research analysts expect that KLA Co. will post 29.09 earnings per share for the current year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent analyst reports. Argus upped their price objective on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Susquehanna decreased their price target on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus raised their target price on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $950.00 target price on shares of KLA in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $805.29.

About KLA

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.