Mather Group LLC. Reduces Stock Holdings in KLA Co. (NASDAQ:KLAC)

Mather Group LLC. reduced its position in KLA Co. (NASDAQ:KLAC) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,999 shares of the semiconductor company’s stock after selling 166 shares during the quarter. Mather Group LLC.’s holdings in KLA were worth $1,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Personal CFO Solutions LLC bought a new position in shares of KLA in the fourth quarter worth about $228,000. Connectus Wealth LLC boosted its position in KLA by 7.5% during the 4th quarter. Connectus Wealth LLC now owns 1,573 shares of the semiconductor company’s stock valued at $915,000 after acquiring an additional 110 shares in the last quarter. Regal Investment Advisors LLC boosted its position in KLA by 7.4% during the fourth quarter. Regal Investment Advisors LLC now owns 771 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 53 shares in the last quarter. Ethic Inc. grew its position in shares of KLA by 14.5% in the 4th quarter. Ethic Inc. now owns 10,526 shares of the semiconductor company’s stock worth $6,119,000 after buying an additional 1,334 shares during the last quarter. Finally, Caxton Associates LP raised its stake in shares of KLA by 28.4% during the 4th quarter. Caxton Associates LP now owns 2,750 shares of the semiconductor company’s stock worth $1,599,000 after acquiring an additional 608 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Trading Up 0.3 %

Shares of NASDAQ:KLAC opened at $783.90 on Wednesday. The business’s 50 day moving average price is $768.61 and its 200-day moving average price is $761.53. KLA Co. has a 1 year low of $452.01 and a 1 year high of $896.32. The firm has a market capitalization of $105.54 billion, a price-to-earnings ratio of 41.05, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.45. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $5.40 earnings per share. On average, equities research analysts forecast 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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio is presently 30.38%.

Insider Buying and Selling

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other KLA news, 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 value of $1,702,815.87. Following the transaction, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KLAC has been the topic of several research analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 target price on shares of KLA in a research note on Tuesday. Citigroup lowered their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Barclays upped their target price on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Susquehanna lowered their price target on KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Finally, Oppenheimer began coverage on KLA in a report on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $804.81.

About KLA

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.