777 Shares in KLA Co. (NASDAQ:KLAC) Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC acquired a new stake in shares of KLA Co. (NASDAQ:KLACFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 777 shares of the semiconductor company’s stock, valued at approximately $452,000.

A number of other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in shares of KLA during the fourth quarter valued at approximately $25,000. Operose Advisors LLC bought a new stake in shares of KLA during the 3rd quarter worth $26,000. Frazier Financial Advisors LLC bought a new stake in shares of KLA during the 4th quarter worth $26,000. DSM Capital Partners LLC bought a new stake in KLA in the fourth quarter worth about $28,000. Finally, Addison Advisors LLC purchased a new position in KLA in the fourth quarter valued at approximately $29,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KLA

In other news, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the completion of the sale, the insider now directly owns 32,105 shares in the company, valued at $24,399,800. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other KLA news, insider Ahmad A. Khan sold 7,833 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total value of $5,953,080.00. Following the completion of the transaction, the insider now directly owns 32,105 shares in the company, valued at approximately $24,399,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the sale, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,136 shares of company stock worth $24,016,781. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 target price for the company. Citigroup boosted their price objective on shares of KLA from $725.00 to $760.00 and gave the company a “buy” rating in a research note on Monday, April 29th. UBS Group upped their target price on shares of KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Morgan Stanley boosted their price target on shares of KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Stifel Nicolaus increased their price objective on KLA from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $733.90.

Read Our Latest Stock Report on KLA

KLA Trading Up 4.6 %

NASDAQ KLAC traded up $34.56 during trading on Wednesday, hitting $785.12. 352,103 shares of the company’s stock traded hands, compared to its average volume of 914,189. The stock has a fifty day moving average of $711.65 and a two-hundred day moving average of $648.12. KLA Co. has a 12-month low of $440.15 and a 12-month high of $791.96. The firm has a market cap of $105.71 billion, a P/E ratio of 40.62, a PEG ratio of 3.61 and a beta of 1.28. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46.

KLA (NASDAQ:KLACGet Free Report) last issued its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business posted $5.49 EPS. KLA’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that KLA Co. will post 23.3 EPS for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

About KLA

(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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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