Farmers National Bank Purchases 17 Shares of KLA Co. (NASDAQ:KLAC)

Farmers National Bank raised its position in KLA Co. (NASDAQ:KLAC) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422 shares of the semiconductor company’s stock after acquiring an additional 17 shares during the period. Farmers National Bank’s holdings in KLA were worth $348,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after purchasing an additional 76,226 shares in the last quarter. Wellington Management Group LLP increased its holdings in KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after buying an additional 386,810 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after buying an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after acquiring an additional 71,289 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the subject of several recent research reports. Stifel Nicolaus increased their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. UBS Group cut their target price on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Argus upped their price target on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Susquehanna dropped their price objective on KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, TD Cowen boosted their target price on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $808.62.

Insider Transactions at KLA

In other news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Virendra A. Kirloskar sold 825 shares of the 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 completion of the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the transaction, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by company insiders.

KLA Trading Down 2.7 %

NASDAQ:KLAC opened at $753.69 on Wednesday. The company has a market cap of $101.48 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. KLA Co. has a twelve month low of $448.31 and a twelve month high of $896.32. The business has a 50 day moving average price of $767.88 and a two-hundred day moving average price of $759.14. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last issued its 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. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. KLA’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $5.40 EPS. As a group, analysts expect that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is 30.38%.

KLA Company Profile

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.