Net Worth Advisory Group Takes $728,000 Position in KLA Co. (NASDAQ:KLAC)

Net Worth Advisory Group acquired a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 940 shares of the semiconductor company’s stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cedar Wealth Management LLC grew its stake in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares during the period. Family Firm Inc. bought a new stake in shares of KLA in the 2nd quarter worth approximately $30,000. 1620 Investment Advisors Inc. purchased a new stake in KLA during the 2nd quarter valued at about $44,000. LRI Investments LLC bought a new stake in KLA in the 1st quarter worth $45,000. Finally, OFI Invest Asset Management increased its stake in shares of KLA by 29.8% during the first quarter. OFI Invest Asset Management now owns 74 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $678.52 on Friday. KLA Co. has a 1 year low of $452.01 and a 1 year high of $896.32. 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 firm has a fifty day moving average of $770.77 and a 200-day moving average of $763.84. The company has a market cap of $91.36 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27.

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. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $5.40 EPS. As a group, equities analysts anticipate that KLA Co. will post 29.13 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. Stockholders of record on Thursday, August 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KLAC shares. Oppenheimer started coverage on KLA in a report on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 price objective for the company. TD Cowen upped their price objective on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. UBS Group lowered their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Cantor Fitzgerald reissued a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Finally, Susquehanna decreased their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus price target of $804.57.

Insider Buying and Selling

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction 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 completion of the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 105,329 shares of the company’s stock, 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 sold 20,873 shares of company stock valued at $14,532,193. Company insiders own 0.12% of the company’s stock.

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.