Forsta AP Fonden Buys 200 Shares of KLA Co. (NASDAQ:KLAC)

Forsta AP Fonden boosted its stake in KLA Co. (NASDAQ:KLAC) by 0.5% in the 3rd quarter, Holdings Channel reports. The firm owned 38,100 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the quarter. Forsta AP Fonden’s holdings in KLA were worth $29,505,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KLAC. Capital Market Strategies LLC grew its position in shares of KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after buying an additional 13 shares during the period. CVA Family Office LLC grew its position in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after buying an additional 13 shares during the period. HBW Advisory Services LLC grew its position in shares of KLA by 2.6% in the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares during the period. TIAA Trust National Association grew its position in shares of KLA by 0.4% in the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares during the period. Finally, United Community Bank grew its position in shares of KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on 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 sale, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on 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 sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,873 shares of company stock worth $14,532,193. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KLAC. TD Cowen increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Evercore ISI increased their price objective on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Citigroup cut their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. 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. Finally, The Goldman Sachs Group increased their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

KLA Stock Performance

NASDAQ KLAC traded up $6.91 on Friday, reaching $673.07. 955,127 shares of the stock were exchanged, compared to its average volume of 990,266. KLA Co. has a one year low of $452.01 and a one year high of $896.32. The firm has a market capitalization of $90.18 billion, a PE ratio of 33.16, a PEG ratio of 1.69 and a beta of 1.27. The company’s 50-day simple moving average is $757.70 and its two-hundred day simple moving average is $763.21. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.52 billion. During the same quarter last year, the business earned $5.40 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that KLA Co. will post 29.07 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced 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. This represents a $5.80 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Thursday, August 15th. KLA’s payout ratio is 28.57%.

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.