Meiji Yasuda Life Insurance Co Has $760,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Meiji Yasuda Life Insurance Co lessened its stake in KLA Co. (NASDAQ:KLAC) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 922 shares of the semiconductor company’s stock after selling 75 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in KLA were worth $760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in shares of KLA in the 4th quarter valued at approximately $26,000. Cedar Wealth Management LLC raised its position in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. DSM Capital Partners LLC bought a new stake in KLA during the fourth quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of KLA in the 2nd quarter valued at $30,000. Finally, Jones Financial Companies Lllp increased its stake in shares of KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KLAC shares. TD Cowen upped their price objective on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. UBS Group dropped their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $950.00 price target on shares of KLA in a report on Thursday, July 25th. Citigroup dropped their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday. Finally, StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $812.80.

Insider Transactions at KLA

In related news, EVP Brian Lorig sold 44 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Brian Lorig sold 44 shares of the company’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 transaction of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock valued at $14,568,247 in the last quarter. 0.12% of the stock is currently owned by company insiders.

KLA Trading Down 1.2 %

NASDAQ:KLAC opened at $731.04 on Thursday. KLA Co. has a 52 week low of $440.15 and a 52 week 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’s fifty day moving average is $776.57 and its 200-day moving average is $754.25. The firm has a market cap of $98.43 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.49 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $5.40 EPS. Equities analysts expect that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $1.45 per share. 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 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.