Insight Wealth Strategies LLC Buys 136 Shares of KLA Co. (NASDAQ:KLAC)

Insight Wealth Strategies LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,448 shares of the semiconductor company’s stock after acquiring an additional 136 shares during the period. Insight Wealth Strategies LLC’s holdings in KLA were worth $4,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Market Strategies LLC raised its position in shares of KLA by 1.6% in the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 13 shares during the period. HBW Advisory Services LLC increased its holdings in KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after acquiring an additional 14 shares during the period. TIAA Trust National Association increased its holdings in KLA by 0.4% during the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after acquiring an additional 14 shares during the period. United Community Bank increased its holdings in 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 acquiring an additional 15 shares during the period. Finally, AA Financial Advisors LLC increased its holdings in 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 acquiring an additional 15 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Stock Down 0.4 %

NASDAQ:KLAC traded down $3.13 on Tuesday, reaching $778.54. 5,909 shares of the stock traded hands, compared to its average volume of 920,363. The company has a market capitalization of $104.82 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.51 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. KLA Co. has a 12 month low of $452.01 and a 12 month high of $896.32. The company’s fifty day simple moving average is $768.54 and its 200 day simple moving average is $761.05.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. KLA’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $5.40 EPS. Equities analysts predict that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.74%. KLA’s dividend payout ratio is presently 30.38%.

Analyst Ratings Changes

KLAC has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Cantor Fitzgerald decreased 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, September 30th. The Goldman Sachs Group upped their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Susquehanna cut their price target on shares of KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Argus boosted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $804.81.

Insider Transactions at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA 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 directly owns 9,298 shares in the company, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. 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 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 transaction of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,873 shares of company stock worth $14,532,193 over the last three months. 0.12% of the stock is currently owned by company insiders.

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.