KLA Co. (NASDAQ:KLAC) Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 28.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,698 shares of the semiconductor company’s stock after acquiring an additional 374 shares during the period. GAMMA Investing LLC’s holdings in KLA were worth $1,315,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Grayhawk Investment Strategies Inc. bought a new position in KLA in the 4th quarter worth about $1,050,000. New Mexico Educational Retirement Board raised its stake in KLA by 22.3% during the 1st quarter. New Mexico Educational Retirement Board now owns 8,780 shares of the semiconductor company’s stock valued at $6,133,000 after acquiring an additional 1,600 shares in the last quarter. Norden Group LLC boosted its position in KLA by 1,579.3% during the 1st quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock worth $4,589,000 after acquiring an additional 6,175 shares during the period. Objective Capital Management LLC bought a new position in shares of KLA in the fourth quarter worth $213,000. Finally, GLOBALT Investments LLC GA acquired a new position in shares of KLA during the fourth quarter valued at $2,254,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other news, 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 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 $2,749,473.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Virendra A. Kirloskar sold 825 shares of the 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction 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 $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,873 shares of company stock worth $14,532,193 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

KLA Stock Down 0.7 %

NASDAQ:KLAC opened at $781.67 on Tuesday. The business’s fifty day moving average price is $768.54 and its 200 day moving average price is $761.05. The firm has a market capitalization of $105.24 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.51 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. KLA Co. has a 1-year low of $452.01 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.40 earnings per share. On average, sell-side analysts forecast that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed 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 yield of 0.74%. KLA’s payout ratio is 30.38%.

Analyst Ratings Changes

Several research firms recently weighed in on KLAC. UBS Group reduced their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Cantor Fitzgerald cut their target price on KLA from $950.00 to $925.00 and set a “neutral” rating for the company in a research report on Monday, September 30th. Evercore ISI increased their price target on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus boosted their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $804.81.

KLA 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.