KLA Co. (NASDAQ:KLAC) Shares Sold by KBC Group NV

KBC Group NV reduced its holdings in KLA Co. (NASDAQ:KLACFree Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,885 shares of the semiconductor company’s stock after selling 764 shares during the quarter. KBC Group NV owned approximately 0.09% of KLA worth $69,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in KLA during the fourth quarter worth about $25,000. Operose Advisors LLC purchased a new stake in shares of KLA in the third quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of KLA in the fourth quarter worth about $26,000. DSM Capital Partners LLC purchased a new stake in shares of KLA in the fourth quarter worth about $28,000. Finally, Addison Advisors LLC purchased a new stake in shares of KLA in the fourth quarter worth about $29,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KLAC has been the subject of several analyst reports. Susquehanna reaffirmed a “neutral” rating and issued a $675.00 target price on shares of KLA in a research report on Monday, April 1st. Cantor Fitzgerald upped their target price on KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their target price on KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group assumed coverage on KLA in a research report on Monday, May 13th. They issued a “buy” rating and a $820.00 target price for the company. Finally, Raymond James reissued an “outperform” rating and issued a $750.00 price target (up previously from $625.00) on shares of KLA in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $727.15.

Read Our Latest Report on KLAC

KLA Stock Down 0.7 %

Shares of KLA stock opened at $754.15 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. The business’s 50 day simple moving average is $710.40 and its 200-day simple moving average is $646.67. The stock has a market capitalization of $101.54 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 3.63 and a beta of 1.28. KLA Co. has a twelve month low of $440.15 and a twelve month high of $791.96.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.49 EPS. Equities research analysts forecast that KLA Co. will post 23.3 earnings per share for the current year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA’s dividend payout ratio is currently 30.38%.

Insider Activity at KLA

In related news, CFO Bren D. Higgins sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the sale, the chief financial officer now directly owns 31,356 shares in the company, valued at approximately $24,726,714.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other KLA news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the transaction, the chief financial officer now directly owns 31,356 shares of the company’s stock, valued at approximately $24,726,714.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the transaction, the executive vice president now directly owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock worth $24,016,781 in the last three months. 0.12% of the stock is owned by company insiders.

KLA Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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