ASB Consultores LLC Sells 195 Shares of KLA Co. (NASDAQ:KLAC)

ASB Consultores LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 30.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 446 shares of the semiconductor company’s stock after selling 195 shares during the quarter. ASB Consultores LLC’s holdings in KLA were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its holdings in KLA by 2.2% during the 2nd quarter. Hollencrest Capital Management now owns 4,641 shares of the semiconductor company’s stock valued at $3,826,000 after buying an additional 100 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in KLA by 656.6% during the 2nd quarter. Bridges Investment Management Inc. now owns 51,178 shares of the semiconductor company’s stock valued at $42,197,000 after buying an additional 44,414 shares during the last quarter. Trust Investment Advisors raised its holdings in KLA by 21.5% during the 2nd quarter. Trust Investment Advisors now owns 1,538 shares of the semiconductor company’s stock valued at $1,268,000 after buying an additional 272 shares during the last quarter. Ieq Capital LLC raised its holdings in KLA by 8.5% during the 2nd quarter. Ieq Capital LLC now owns 7,935 shares of the semiconductor company’s stock valued at $6,542,000 after buying an additional 621 shares during the last quarter. Finally, Brighton Jones LLC raised its holdings in KLA by 2.8% during the 2nd quarter. Brighton Jones LLC now owns 913 shares of the semiconductor company’s stock valued at $753,000 after buying an additional 25 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the sale, the executive vice president now owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 44 shares of the 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 completion of the transaction, the executive vice president now owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Insiders have sold a total of 20,917 shares of company stock valued at $14,568,247 in the last 90 days. 0.12% of the stock is currently owned by insiders.

KLA Stock Performance

Shares of KLAC stock opened at $772.43 on Friday. KLA Co. has a one year low of $440.15 and a one year high of $896.32. The company’s 50-day moving average is $774.96 and its 200 day moving average is $754.38. The company has a market capitalization of $104.00 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $5.40 EPS. KLA’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts expect that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, August 15th. KLA’s payout ratio is presently 30.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KLAC. The Goldman Sachs Group upped their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company upped their price objective on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Barclays upped their price objective on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Citigroup decreased their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday. Finally, StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus price target of $812.80.

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.