KLA Co. (NASDAQ:KLAC) Shares Bought by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. grew its holdings in KLA Co. (NASDAQ:KLAC) by 6.5% during the 3rd quarter, Holdings Channel reports. The firm owned 310 shares of the semiconductor company’s stock after buying an additional 19 shares during the period. Tower Wealth Partners Inc.’s holdings in KLA were worth $240,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KLAC. Swedbank AB raised its stake in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Community Financial Services Group LLC grew its holdings in shares of KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after buying an additional 6,279 shares in the last quarter. Eastern Bank raised its position in shares of KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after buying an additional 23,747 shares during the last quarter. Sei Investments Co. lifted its stake in shares of KLA by 16.0% during the first quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock valued at $53,756,000 after buying an additional 10,594 shares during the period. Finally, Generate Investment Management Ltd boosted its position in KLA by 39.0% during the third quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock worth $4,555,000 after acquiring an additional 1,651 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Up 0.5 %

NASDAQ:KLAC opened at $669.38 on Friday. KLA Co. has a 1 year low of $484.33 and a 1 year high of $896.32. The business has a fifty day moving average of $744.15 and a 200-day moving average of $762.89. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The stock has a market cap of $89.68 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.75 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 108.40%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the prior year, the firm posted $5.74 EPS. KLA’s revenue was up 18.5% compared to the same quarter last year. Equities analysts predict that KLA Co. will post 29.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research report on Friday. Barclays lowered 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. Stifel Nicolaus raised their target price on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group upped their price target on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $802.90.

Insider Activity

In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,873 shares of company stock worth $14,532,193 over the last three months. Corporate insiders own 0.12% of the company’s stock.

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.