KLA Co. (NASDAQ:KLAC) Shares Acquired by LVW Advisors LLC

LVW Advisors LLC raised its holdings in KLA Co. (NASDAQ:KLAC) by 5.6% in the third quarter, Holdings Channel.com reports. The fund owned 604 shares of the semiconductor company’s stock after acquiring an additional 32 shares during the period. LVW Advisors LLC’s holdings in KLA were worth $468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swedbank AB purchased a new stake in KLA during the first quarter valued at about $379,678,000. Wellington Management Group LLP lifted its stake in KLA by 12.2% during the fourth quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after buying an additional 386,810 shares in the last quarter. Van ECK Associates Corp lifted its stake in KLA by 25.7% during the first quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after buying an additional 211,227 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after buying an additional 192,849 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in KLA by 136.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after buying an additional 178,474 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Trading Up 0.7 %

Shares of KLA stock opened at $803.73 on Friday. The company has a market cap of $108.21 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 1.60 and a beta of 1.27. KLA Co. has a 1 year low of $452.01 and a 1 year high of $896.32. The company’s fifty day simple moving average is $769.57 and its 200-day simple moving average is $762.59. 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 issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $5.40 earnings per share. As a group, sell-side analysts expect that KLA Co. will post 29.13 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.72%. KLA’s dividend payout ratio (DPR) is currently 30.38%.

Analysts Set New Price Targets

A number of research firms have commented on KLAC. Wells Fargo & Company reduced their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. TD Cowen increased their price target on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. UBS Group reduced their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Evercore ISI raised 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. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction dated Monday, August 5th. The shares were 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 directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by company insiders.

KLA Company 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.