Global Retirement Partners LLC Purchases 141 Shares of KLA Co. (NASDAQ:KLAC)

Global Retirement Partners LLC boosted its position in KLA Co. (NASDAQ:KLAC) by 25.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 692 shares of the semiconductor company’s stock after purchasing an additional 141 shares during the period. Global Retirement Partners LLC’s holdings in KLA were worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after buying an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after acquiring an additional 71,289 shares during the period. Legal & General Group Plc increased its holdings in KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after acquiring an additional 21,412 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in KLA by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock valued at $917,970,000 after acquiring an additional 81,335 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Argus lifted their target price 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. The Goldman Sachs Group boosted their target price on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Barclays raised their price target on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. UBS Group decreased their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, TD Cowen lifted their target price on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $804.57.

Insider Buying and Selling

In other news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock worth $14,532,193 in the last ninety days. 0.12% of the stock is owned by insiders.

KLA Stock Up 1.2 %

Shares of NASDAQ KLAC opened at $678.52 on Monday. The stock has a market capitalization of $91.36 billion, a P/E ratio of 35.54, a PEG ratio of 1.60 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 Co. has a one year low of $452.01 and a one year high of $896.32. The firm’s 50 day simple moving average is $770.77 and its two-hundred day simple moving average is $764.80.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $5.40 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that KLA Co. will post 29.13 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is presently 30.38%.

About KLA

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.