Edge Capital Group LLC Has $6.13 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Edge Capital Group LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,434 shares of the semiconductor company’s stock after purchasing an additional 189 shares during the period. Edge Capital Group LLC’s holdings in KLA were worth $6,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of KLA by 37.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,066 shares of the semiconductor company’s stock valued at $877,000 after acquiring an additional 289 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in KLA by 3.6% during the second quarter. Fidelis Capital Partners LLC now owns 2,096 shares of the semiconductor company’s stock valued at $1,728,000 after purchasing an additional 72 shares during the period. 1832 Asset Management L.P. increased its stake in KLA by 2,205.8% in the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after purchasing an additional 192,849 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in KLA in the second quarter worth $1,266,000. Finally, Holderness Investments Co. boosted its position in shares of KLA by 2.7% during the second quarter. Holderness Investments Co. now owns 3,185 shares of the semiconductor company’s stock worth $2,626,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other KLA news, 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 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 link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares in the company, 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 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KLAC shares. Raymond James lifted their target price on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. 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 report on Thursday, September 12th. JPMorgan Chase & Co. raised their target price on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. 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. Finally, Citigroup reduced their target price on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $812.80.

KLA Stock Down 1.8 %

KLA stock opened at $758.85 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The company’s 50-day moving average is $772.98 and its 200-day moving average is $755.00. The firm has a market capitalization of $102.17 billion, a PE ratio of 39.75, a P/E/G ratio of 1.49 and a beta of 1.28. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last announced 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. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $5.40 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts anticipate 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 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is 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.