Thrivent Financial for Lutherans Has $25.93 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Thrivent Financial for Lutherans trimmed its position in KLA Co. (NASDAQ:KLAC) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,453 shares of the semiconductor company’s stock after selling 1,476 shares during the quarter. Thrivent Financial for Lutherans’ holdings in KLA were worth $25,932,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cedar Wealth Management LLC raised its holdings in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 17 shares during the period. DSM Capital Partners LLC bought a new position in KLA in the 4th quarter valued at about $28,000. Family Firm Inc. bought a new position in KLA in the 2nd quarter valued at about $30,000. Jones Financial Companies Lllp raised its holdings in KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in KLA in the 2nd quarter valued at about $44,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KLAC shares. UBS Group decreased their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Susquehanna decreased their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. TD Cowen increased their target price on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Cantor Fitzgerald restated a “neutral” rating and set a $950.00 target price on shares of KLA in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $812.80.

Insider Activity

In other news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction on 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 owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction on 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 owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Lorig sold 44 shares of KLA stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,917 shares of company stock valued at $14,568,247. Insiders own 0.12% of the company’s stock.

KLA Stock Performance

Shares of KLA stock opened at $761.27 on Tuesday. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The firm has a market capitalization of $102.50 billion, a P/E ratio of 39.88, a P/E/G ratio of 1.49 and a beta of 1.28. The company’s 50 day moving average price is $771.04 and its two-hundred day moving average price is $755.55.

KLA (NASDAQ:KLAC) last released its quarterly earnings results 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 firm had revenue of $2.57 billion during 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 for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.40 earnings per share. On average, equities analysts forecast that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, August 15th. KLA’s payout ratio 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.