Heartland Bank & Trust Co Has $904,000 Holdings in KLA Co. (NASDAQ:KLAC)

Heartland Bank & Trust Co trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 31.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,096 shares of the semiconductor company’s stock after selling 496 shares during the period. Heartland Bank & Trust Co’s holdings in KLA were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Capital Market Strategies LLC boosted its position in KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC grew its stake in KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 14 shares during the period. TIAA Trust National Association increased its holdings in KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after purchasing an additional 14 shares in the last quarter. United Community Bank boosted its holdings in shares of KLA by 4.0% during the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after buying an additional 15 shares in the last quarter. Finally, AA Financial Advisors LLC grew its position in shares of KLA by 2.7% during the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock worth $467,000 after buying an additional 15 shares during the period. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Down 1.0 %

KLA stock opened at $774.41 on Tuesday. 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 company has a market capitalization of $104.27 billion, a P/E ratio of 40.57, a P/E/G ratio of 1.51 and a beta of 1.28. The firm has a 50 day moving average price of $768.96 and a 200-day moving average price of $758.65. KLA Co. has a twelve month low of $448.31 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (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 business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $5.40 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts predict that KLA Co. will post 29.09 EPS for the current year.

KLA Dividend Announcement

The firm also recently disclosed 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 0.75%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insiders Place Their Bets

In other news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now 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 20,873 shares of company stock worth $14,532,193 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KLAC shares. Citigroup reduced their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday, September 16th. Argus lifted their price target on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Evercore ISI lifted their price objective on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Finally, Barclays lifted their price target on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $808.62.

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.