KLA Co. (NASDAQ:KLAC) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its position in KLA Co. (NASDAQ:KLAC) by 15.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,928 shares of the semiconductor company’s stock after selling 352 shares during the period. Mount Yale Investment Advisors LLC’s holdings in KLA were worth $1,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB purchased a new position in shares of KLA in the first quarter valued at $379,678,000. Wellington Management Group LLP increased its holdings in KLA by 12.2% during the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after acquiring an additional 386,810 shares in the last quarter. TD Asset Management Inc raised its position in KLA by 43.4% during the fourth quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock worth $580,008,000 after acquiring an additional 301,848 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of KLA by 25.7% in the first quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after purchasing an additional 211,227 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of KLA by 136.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after purchasing an additional 178,474 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Down 1.8 %

KLAC opened at $758.85 on Monday. The company has a market cap 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 Co. has a 1 year low of $440.15 and a 1 year high of $896.32. The firm has a 50 day moving average price of $772.98 and a 200 day moving average price of $755.28.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business 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 firm posted $5.40 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts expect that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

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

Insider Activity

In related news, CEO Richard P. Wallace sold 17,437 shares of the business’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 transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the business’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 transaction, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,917 shares of company stock worth $14,568,247. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on KLAC shares. Barclays lifted their price objective on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. TD Cowen boosted their price target on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Citigroup decreased their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company lifted their price objective on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Evercore ISI raised their price target on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $812.80.

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.