KLA Co. (NASDAQ:KLAC) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its position in KLA Co. (NASDAQ:KLAC) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,266 shares of the semiconductor company’s stock after acquiring an additional 1,143 shares during the quarter. Blair William & Co. IL’s holdings in KLA were worth $24,955,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after acquiring an additional 76,226 shares in the last quarter. Wellington Management Group LLP grew its position in KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after acquiring an additional 386,810 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after acquiring an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after acquiring an additional 71,289 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in KLA by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock valued at $917,970,000 after acquiring an additional 81,335 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brian Lorig sold 44 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Virendra A. Kirloskar sold 825 shares of the company’s 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 transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,917 shares of company stock valued at $14,568,247. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KLAC shares. The Goldman Sachs Group lifted their price objective on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Wells Fargo & Company lifted their price objective on KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Argus lifted their price objective on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, UBS Group decreased their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $812.80.

KLA Trading Down 1.2 %

KLAC opened at $731.04 on Thursday. The firm has a market cap of $98.43 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. KLA Co. has a 52 week low of $440.15 and a 52 week high of $896.32. The business’s 50 day moving average is $776.57 and its two-hundred day moving average is $754.25. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last released its quarterly 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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.40 earnings per share. On average, research analysts predict that KLA Co. will post 29.09 EPS 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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is currently 30.38%.

About KLA

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.