Regal Investment Advisors LLC Sells 80 Shares of KLA Co. (NASDAQ:KLAC)

Regal Investment Advisors LLC lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 10.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 701 shares of the semiconductor company’s stock after selling 80 shares during the quarter. Regal Investment Advisors LLC’s holdings in KLA were worth $578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cedar Wealth Management LLC boosted its holdings in shares of KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares during the period. Family Firm Inc. acquired a new stake in KLA during the 2nd quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its stake in KLA by 2,033.3% in the 4th 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 period. 1620 Investment Advisors Inc. acquired a new position in KLA in the 2nd quarter valued at $44,000. Finally, LRI Investments LLC bought a new position in KLA during the 1st quarter worth $45,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the subject of a number of recent research reports. Raymond James boosted their target price on shares of 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 increased their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Susquehanna lowered their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company boosted their price target on KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, Oppenheimer assumed coverage on KLA in a research note on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $808.62.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $753.69 on Wednesday. KLA Co. has a one year low of $448.31 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The company has a market cap of $101.48 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 1.51 and a beta of 1.28. The firm has a 50 day simple moving average of $767.88 and a 200 day simple moving average of $759.14.

KLA (NASDAQ:KLAC) last announced its quarterly 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 return on equity of 103.50% and a net margin of 28.15%. 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 prior year, the company earned $5.40 EPS. KLA’s revenue was up 9.1% compared to the same quarter last year. Research analysts predict that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently declared 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. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is 30.38%.

Insider Transactions at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was 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 approximately $2,749,473.04. 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 KLA stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,873 shares of company stock worth $14,532,193. Insiders own 0.12% of the company’s stock.

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.