KLA Co. (NASDAQ:KLAC) CFO Bren D. Higgins Sells 7,018 Shares

KLA Co. (NASDAQ:KLACGet Free Report) CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at $22,825,670. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

KLA Stock Up 0.2 %

KLA stock opened at $698.57 on Friday. The firm has a market cap of $94.47 billion, a PE ratio of 35.48, a P/E/G ratio of 3.38 and a beta of 1.34. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. The firm’s 50 day moving average price is $662.31 and its two-hundred day moving average price is $568.27. KLA Co. has a twelve month low of $355.88 and a twelve month high of $729.15.

KLA (NASDAQ:KLACGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.25. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.38 EPS. On average, research analysts predict that KLA Co. will post 22.74 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were paid a $1.45 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 annualized dividend and a yield of 0.83%. KLA’s dividend payout ratio is presently 29.46%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna lowered shares of KLA from a “positive” rating to a “neutral” rating and upped their price target for the stock from $640.00 to $675.00 in a research note on Monday, January 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $625.00 price target on shares of KLA in a research note on Monday, March 4th. Wells Fargo & Company upped their price target on shares of KLA from $750.00 to $760.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $685.00 target price on shares of KLA in a report on Monday, March 25th. Finally, UBS Group boosted 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, KLA presently has a consensus rating of “Hold” and an average price target of $641.05.

Get Our Latest Analysis on KLA

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KLAC. Fortitude Family Office LLC bought a new stake in KLA in the fourth quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new stake in KLA in the fourth quarter worth approximately $26,000. DSM Capital Partners LLC bought a new stake in KLA in the fourth quarter worth approximately $28,000. Addison Advisors LLC bought a new stake in KLA in the fourth quarter worth approximately $29,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in KLA in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

About KLA

(Get 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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Insider Buying and Selling by Quarter for KLA (NASDAQ:KLAC)

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