Dynamic Advisor Solutions LLC Grows Holdings in KLA Co. (NASDAQ:KLAC)

Dynamic Advisor Solutions LLC boosted its position in KLA Co. (NASDAQ:KLAC) by 36.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,146 shares of the semiconductor company’s stock after purchasing an additional 844 shares during the period. Dynamic Advisor Solutions LLC’s holdings in KLA were worth $2,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cedar Wealth Management LLC raised its stake in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period. Family Firm Inc. bought a new stake in KLA in the second quarter worth about $30,000. 1620 Investment Advisors Inc. purchased a new position in KLA in the second quarter valued at about $44,000. LRI Investments LLC bought a new position in shares of KLA during the 1st quarter valued at approximately $45,000. Finally, OFI Invest Asset Management increased its stake in shares of KLA by 29.8% during the 1st quarter. OFI Invest Asset Management now owns 74 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Argus increased their price objective on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays increased their price target on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Stifel Nicolaus boosted their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Susquehanna cut their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lowered their price target on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $804.81.

KLA Price Performance

KLA stock opened at $804.63 on Thursday. The stock has a market cap of $108.34 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 1.51 and a beta of 1.27. 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 business has a 50-day simple moving average of $769.11 and a 200 day simple moving average of $762.05. KLA Co. has a 52 week low of $452.01 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last announced its 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 business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm posted $5.40 earnings per share. KLA’s quarterly revenue was up 9.1% on a year-over-year basis. On average, research analysts forecast that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is currently 30.38%.

Insider Transactions at KLA

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s 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 $6,063,876.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 owns 9,298 shares in the company, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is currently owned by corporate insiders.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.