KLA Co. (NASDAQ:KLAC) Shares Bought by CNB Bank

CNB Bank lifted its holdings in shares of KLA Co. (NASDAQ:KLACFree Report) by 173.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82 shares of the semiconductor company’s stock after buying an additional 52 shares during the period. CNB Bank’s holdings in KLA were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC acquired a new stake in KLA during the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new position in KLA in the 4th quarter valued at $26,000. DSM Capital Partners LLC acquired a new position in KLA in the 4th quarter valued at $28,000. Addison Advisors LLC purchased a new position in KLA during the 4th quarter worth $29,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.2 %

Shares of KLA stock opened at $855.21 on Monday. KLA Co. has a twelve month low of $440.15 and a twelve month high of $876.55. The stock has a market cap of $115.15 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 3.38 and a beta of 1.27. 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 company has a fifty day moving average price of $777.54 and a 200 day moving average price of $691.44.

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, topping the consensus estimate of $4.94 by $0.32. The company had revenue of $2.36 billion during 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%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.49 earnings per share. Equities research analysts forecast that KLA Co. will post 23.3 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.68%. KLA’s dividend payout ratio is currently 30.38%.

Insider Transactions at KLA

In other KLA news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other KLA news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total value of $36,053.60. Following the sale, the executive vice president now owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,905 shares of company stock valued at $16,831,966. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the subject of several analyst reports. Citigroup increased their price target on shares of KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research note on Friday, April 26th. TD Cowen upped their target price on shares of KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft began coverage on KLA in a research note on Thursday, April 11th. They set a “buy” rating and a $800.00 price target on the stock. Finally, Morgan Stanley increased 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. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.40.

Read Our Latest Stock Report on KLA

KLA 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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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