NBC Securities Inc. Has $99,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

NBC Securities Inc. lowered its holdings in shares of KLA Co. (NASDAQ:KLAC) by 19.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128 shares of the semiconductor company’s stock after selling 30 shares during the period. NBC Securities Inc.’s holdings in KLA were worth $99,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Mexico Educational Retirement Board raised its stake in KLA by 22.3% during the first quarter. New Mexico Educational Retirement Board now owns 8,780 shares of the semiconductor company’s stock worth $6,133,000 after acquiring an additional 1,600 shares in the last quarter. Norden Group LLC boosted its stake in shares of KLA by 1,579.3% in the 1st quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock valued at $4,589,000 after purchasing an additional 6,175 shares in the last quarter. Sei Investments Co. grew its holdings in shares of KLA by 16.0% during the 1st quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock valued at $53,756,000 after purchasing an additional 10,594 shares during the last quarter. Swedbank AB increased its position in KLA by 1.0% during the 2nd quarter. Swedbank AB now owns 548,930 shares of the semiconductor company’s stock worth $452,598,000 after purchasing an additional 5,423 shares in the last quarter. Finally, Security National Bank lifted its stake in KLA by 890.8% in the 1st quarter. Security National Bank now owns 2,477 shares of the semiconductor company’s stock valued at $1,730,000 after purchasing an additional 2,227 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th. The shares were 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 of the company’s stock, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 transaction 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction 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 of the company’s stock, 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. Insiders have sold a total of 20,873 shares of company stock valued at $14,532,193 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KLAC. TD Cowen boosted their target price on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Susquehanna reduced their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. The Goldman Sachs Group increased their target price on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Wells Fargo & Company cut their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Citigroup lowered their price objective on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Ten equities research 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 a consensus rating of “Moderate Buy” and a consensus target price of $804.57.

KLA Stock Performance

Shares of KLAC opened at $678.52 on Monday. The firm’s fifty day simple moving average is $770.77 and its two-hundred day simple moving average is $764.80. KLA Co. has a 12 month low of $452.01 and a 12 month high of $896.32. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $91.36 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate of $6.15 by $0.45. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. During the same quarter last year, the firm posted $5.40 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, analysts predict that KLA Co. will post 29.13 EPS for the current year.

KLA Announces Dividend

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

KLA Company 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.