KLA Co. (NASDAQ:KLAC) Holdings Lessened by Tairen Capital Ltd

Tairen Capital Ltd decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 18.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,454 shares of the semiconductor company’s stock after selling 23,346 shares during the quarter. KLA makes up about 3.1% of Tairen Capital Ltd’s holdings, making the stock its 7th largest position. Tairen Capital Ltd owned 0.08% of KLA worth $86,123,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in KLA in the 2nd quarter valued at approximately $30,000. Cedar Wealth Management LLC lifted 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 acquiring an additional 17 shares during the period. DSM Capital Partners LLC acquired a new stake in shares of KLA during the 4th quarter valued at approximately $28,000. 1620 Investment Advisors Inc. acquired a new stake in shares of KLA during the 2nd quarter valued at approximately $44,000. Finally, Jones Financial Companies Lllp lifted its position in shares of KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 1.8 %

Shares of KLAC opened at $758.85 on Monday. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $896.32. The stock has a fifty day moving average of $772.98 and a two-hundred day moving average of $755.28. The company has a market capitalization of $102.17 billion, a PE ratio of 39.75, 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 earnings per share (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 during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $5.40 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts forecast that KLA Co. will post 29.09 EPS for the current year.

KLA Announces Dividend

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

Insider Activity

In other news, EVP Brian Lorig sold 44 shares of the business’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Brian Lorig sold 44 shares of the company’s 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The disclosure for this sale can be found here. Insiders sold 20,917 shares of company stock valued at $14,568,247 in the last ninety days. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. Stifel Nicolaus lifted their price target on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $950.00 price target on shares of KLA in a research report on Thursday, July 25th. TD Cowen lifted 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 cut 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. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.