Kathmere Capital Management LLC Boosts Stake in KLA Co. (NASDAQ:KLAC)

Kathmere Capital Management LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 812 shares of the semiconductor company’s stock after acquiring an additional 24 shares during the quarter. Kathmere Capital Management LLC’s holdings in KLA were worth $567,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its stake in shares of KLA by 3.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,652 shares of the semiconductor company’s stock valued at $1,154,000 after buying an additional 56 shares during the last quarter. GuoLine Advisory Pte Ltd purchased a new stake in shares of KLA during the 1st quarter valued at $36,675,000. Transform Wealth LLC lifted its holdings in shares of KLA by 5.4% during the 1st quarter. Transform Wealth LLC now owns 12,888 shares of the semiconductor company’s stock valued at $9,003,000 after purchasing an additional 666 shares during the last quarter. Lockerman Financial Group Inc. purchased a new stake in shares of KLA during the 1st quarter valued at $254,000. Finally, Franklin Street Advisors Inc. NC purchased a new position in KLA in the 1st quarter worth $355,000. 86.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other KLA news, CFO Bren D. Higgins sold 1,019 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the transaction, the chief financial officer now owns 31,356 shares in the company, valued at $24,726,714.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Bren D. Higgins sold 1,019 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the transaction, the chief financial officer now owns 31,356 shares in the company, valued at $24,726,714.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the transaction, the chief executive officer now owns 93,142 shares of the company’s stock, valued at approximately $66,748,351.46. The disclosure for this sale can be found here. Insiders sold a total of 22,861 shares of company stock worth $16,795,913 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KLAC shares. Susquehanna restated a “neutral” rating and issued a $675.00 target price on shares of KLA in a research note on Monday, April 1st. Needham & Company LLC restated a “hold” rating on shares of KLA in a research report on Friday, April 26th. Wells Fargo & Company raised their price target on shares of KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. Finally, Cantor Fitzgerald raised their target price on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $747.40.

KLA Stock Up 1.2 %

KLA stock opened at $824.51 on Friday. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $876.55. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. The firm has a 50 day moving average price of $759.32 and a 200 day moving average price of $681.20. The company has a market capitalization of $111.01 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 3.90 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.32. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.49 EPS. Research analysts expect that KLA Co. will post 23.3 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $1.45 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 annualized dividend and a dividend yield of 0.70%. KLA’s dividend payout ratio (DPR) is 30.38%.

KLA Profile

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.