KLA Co. (NASDAQ:KLAC) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in KLA Co. (NASDAQ:KLAC) by 44.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,898 shares of the semiconductor company’s stock after selling 50,211 shares during the period. KLA makes up 0.5% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 28th largest position. Teachers Retirement System of The State of Kentucky’s holdings in KLA were worth $51,860,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of KLA by 12.2% in 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 purchasing an additional 386,810 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after purchasing an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after purchasing an additional 71,289 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after purchasing an additional 21,412 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. The sale was disclosed in a document filed with the SEC, which is available through this link. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business’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 value of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by insiders.

KLA Stock Performance

Shares of KLAC opened at $774.41 on Tuesday. The stock has a 50 day moving average price of $768.96 and a 200 day moving average price of $758.65. 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 price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. KLA Co. has a 52-week low of $448.31 and a 52-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 (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $5.40 earnings per share. Research analysts predict that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

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 0.75%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is currently 30.38%.

Analyst Ratings Changes

Several equities analysts have weighed in on KLAC shares. Raymond James lifted their target price on KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. The Goldman Sachs Group lifted their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Cantor Fitzgerald reduced their target price on shares of KLA from $950.00 to $925.00 and set a “neutral” rating on the stock in a report on Monday. Stifel Nicolaus boosted their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, UBS Group reduced their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price 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.