Fidelis Capital Partners LLC Grows Stock Position in KLA Co. (NASDAQ:KLAC)

Fidelis Capital Partners LLC grew its position in KLA Co. (NASDAQ:KLAC) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,096 shares of the semiconductor company’s stock after purchasing an additional 72 shares during the quarter. Fidelis Capital Partners LLC’s holdings in KLA were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Cedar Wealth Management LLC raised its position in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares in the last quarter. DSM Capital Partners LLC purchased a new stake in KLA in the fourth quarter worth about $28,000. Family Firm Inc. bought a new stake in KLA during the 2nd quarter valued at $30,000. Jones Financial Companies Lllp grew its stake in KLA by 2,033.3% in the fourth 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. Finally, 1620 Investment Advisors Inc. bought a new position in shares of KLA during the 2nd quarter worth approximately $44,000. Institutional investors own 86.65% of the company’s stock.

Insider Activity

In related news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,917 shares of company stock valued at $14,568,247. 0.12% of the stock is currently owned by company insiders.

KLA Trading Down 1.8 %

Shares of KLA stock opened at $758.85 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a fifty day simple moving average of $772.98 and a 200-day simple moving average of $755.00. The stock has a market cap of $102.17 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 1.49 and a beta of 1.28. KLA Co. has a 12-month low of $440.15 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.52 billion. During the same quarter last year, the company posted $5.40 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio is currently 30.38%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company upped their target price on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Susquehanna dropped their price target on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Finally, Evercore ISI boosted their price objective on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and an average 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.