KLA Co. (NASDAQ:KLAC) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,750 shares of the semiconductor company’s stock after selling 400 shares during the period. Y.D. More Investments Ltd’s holdings in KLA were worth $1,599,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of KLA during the fourth quarter worth approximately $25,000. OFI Invest Asset Management acquired a new position in shares of KLA in the 3rd quarter worth approximately $26,000. Operose Advisors LLC bought a new stake in shares of KLA in the 3rd quarter worth approximately $26,000. Addison Advisors LLC acquired a new stake in KLA during the fourth quarter valued at approximately $29,000. Finally, Carmel Capital Partners LLC grew its position in KLA by 163.9% in the third quarter. Carmel Capital Partners LLC now owns 95 shares of the semiconductor company’s stock worth $44,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Activity

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the transaction, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at $22,825,670. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Oreste Donzella sold 3,257 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the transaction, the executive vice president now owns 16,922 shares in the company, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

KLA Stock Down 3.4 %

KLAC traded down $23.25 during trading on Wednesday, hitting $666.04. The company had a trading volume of 1,257,373 shares, compared to its average volume of 964,672. The company has a market capitalization of $89.68 billion, a PE ratio of 36.11, a PEG ratio of 3.09 and a beta of 1.34. The firm’s 50-day moving average price is $687.21 and its 200 day moving average price is $604.43. KLA Co. has a one year low of $369.66 and a one year high of $729.15. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. KLA’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.49 earnings per share. As a group, equities analysts expect that KLA Co. will post 22.95 earnings per share for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KLAC shares. The Goldman Sachs Group increased their price target on KLA from $560.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus lifted their price objective on KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Citigroup raised their price target on shares of KLA from $725.00 to $760.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their target price on KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Evercore ISI assumed coverage on KLA in a research note on Tuesday, April 16th. They set an “outperform” rating and a $800.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $722.26.

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.