KLA Co. (NASDAQ:KLAC) Shares Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238 shares of the semiconductor company’s stock after acquiring an additional 25 shares during the period. Richardson Financial Services Inc.’s holdings in KLA were worth $196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 9258 Wealth Management LLC purchased a new stake in KLA during the fourth quarter worth $210,000. D.A. Davidson & CO. lifted its position in shares of KLA by 4.3% in the fourth quarter. D.A. Davidson & CO. now owns 4,041 shares of the semiconductor company’s stock valued at $2,349,000 after acquiring an additional 168 shares in the last quarter. Corient Private Wealth LLC increased its stake in KLA by 9.1% during the fourth quarter. Corient Private Wealth LLC now owns 40,048 shares of the semiconductor company’s stock worth $23,279,000 after acquiring an additional 3,347 shares during the last quarter. Quest Partners LLC acquired a new stake in KLA during the fourth quarter worth about $562,000. Finally, CreativeOne Wealth LLC acquired a new stake in KLA during the fourth quarter worth about $667,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Barclays upped their price target on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Argus increased their target price on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, July 26th. TD Cowen increased their target price on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus increased their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $812.80.

Insiders Place Their Bets

In other KLA news, 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 transaction, the executive vice president now 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 is available at this link. In related news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the sale, the chief executive officer now owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian Lorig sold 44 shares of the firm’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 completion of the sale, 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. Insiders have sold a total of 20,917 shares of company stock valued at $14,568,247 in the last quarter. Insiders own 0.12% of the company’s stock.

KLA Trading Up 5.7 %

NASDAQ:KLAC opened at $772.43 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The business’s 50 day moving average is $774.96 and its two-hundred day moving average is $754.38. KLA Co. has a 52 week low of $440.15 and a 52 week high of $896.32. The company has a market cap of $104.00 billion, a PE ratio of 40.46, a P/E/G ratio of 1.49 and a beta of 1.28.

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. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $5.40 EPS. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that KLA Co. will post 29.09 EPS for the current year.

KLA Dividend Announcement

The company also recently announced 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 yield of 0.75%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is presently 30.38%.

KLA Company 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.