KLA Co. (NASDAQ:KLAC) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc increased its holdings in KLA Co. (NASDAQ:KLAC) by 24.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 329 shares of the semiconductor company’s stock after acquiring an additional 64 shares during the quarter. Versant Capital Management Inc’s holdings in KLA were worth $255,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Advisor Networks LLC lifted its position in shares of KLA by 2.5% in the 4th quarter. Cetera Advisor Networks LLC now owns 8,354 shares of the semiconductor company’s stock worth $4,856,000 after buying an additional 201 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in KLA in the fourth quarter valued at approximately $228,000. Ossiam grew its holdings in shares of KLA by 1.3% during the fourth quarter. Ossiam now owns 3,451 shares of the semiconductor company’s stock valued at $2,006,000 after purchasing an additional 45 shares during the last quarter. Connectus Wealth LLC grew its position in shares of KLA by 7.5% during the fourth quarter. Connectus Wealth LLC now owns 1,573 shares of the semiconductor company’s stock worth $915,000 after acquiring an additional 110 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in KLA by 3.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 11,902 shares of the semiconductor company’s stock worth $6,919,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction that occurred on 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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’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 transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction 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 $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. In 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.

Analyst Ratings Changes

KLAC has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Evercore ISI lifted their target price on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Cantor Fitzgerald dropped their price target on KLA from $950.00 to $925.00 and set a “neutral” rating on the stock in a research note on Monday, September 30th. Finally, Argus boosted their price objective on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus price target of $804.81.

KLA Stock Down 0.7 %

Shares of NASDAQ:KLAC opened at $781.67 on Tuesday. The company has a 50 day moving average price of $768.54 and a two-hundred day moving average price of $761.05. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The company has a market capitalization of $105.24 billion, a PE ratio of 40.95, a PEG ratio of 1.51 and a beta of 1.27. KLA Co. has a 52 week low of $452.01 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 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $5.40 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Analysts forecast that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is currently 30.38%.

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.