KLA Co. (NASDAQ:KLAC) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. reduced its position in KLA Co. (NASDAQ:KLAC) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,232 shares of the semiconductor company’s stock after selling 29 shares during the quarter. KLA makes up about 1.1% of Albert D Mason Inc.’s holdings, making the stock its 27th largest holding. Albert D Mason Inc.’s holdings in KLA were worth $1,729,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Family Firm Inc. purchased a new position in KLA during the second quarter valued at approximately $30,000. Cedar Wealth Management LLC lifted its position in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of KLA during the second quarter worth $44,000. LRI Investments LLC acquired a new stake in KLA during the first quarter valued at $46,000. Finally, Olistico Wealth LLC acquired a new stake in KLA during the second quarter valued at $53,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KLAC. JPMorgan Chase & Co. lifted their price objective on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Stifel Nicolaus lifted their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. TD Cowen lifted their price objective on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Oppenheimer began coverage on KLA in a research report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price objective for the company. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $804.57.

KLA Trading Down 0.5 %

KLA stock opened at $670.08 on Wednesday. KLA Co. has a 52 week low of $452.01 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The firm has a market capitalization of $90.22 billion, a PE ratio of 35.10, a PEG ratio of 1.60 and a beta of 1.27. The business’s 50-day simple moving average is $766.62 and its 200-day simple moving average is $764.72.

KLA (NASDAQ:KLAC) last issued 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. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $5.40 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that KLA Co. will post 29.13 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.87%. KLA’s dividend payout ratio is 30.38%.

Insider Activity at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was 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 three months. Company insiders own 0.12% of the company’s stock.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.