Capital Advisors Ltd. LLC Purchases 220 Shares of KLA Co. (NASDAQ:KLAC)

Capital Advisors Ltd. LLC increased its position in KLA Co. (NASDAQ:KLAC) by 5,500.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224 shares of the semiconductor company’s stock after acquiring an additional 220 shares during the period. Capital Advisors Ltd. LLC’s holdings in KLA were worth $156,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in KLA in the fourth quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in KLA during the fourth quarter valued at approximately $26,000. DSM Capital Partners LLC bought a new stake in KLA during the fourth quarter valued at approximately $28,000. Addison Advisors LLC purchased a new stake in KLA during the fourth quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp raised its position in KLA by 2,033.3% in the fourth 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 1.4 %

Shares of KLAC opened at $839.11 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46. The stock has a market capitalization of $112.98 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 3.94 and a beta of 1.27. KLA Co. has a 1 year low of $440.15 and a 1 year high of $876.55. The business’s 50 day simple moving average is $767.02 and its 200-day simple moving average is $685.50.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm earned $5.49 earnings per share. KLA’s revenue was down 3.0% on a year-over-year basis. As a group, equities analysts expect that KLA Co. will post 23.3 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a $1.45 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 annualized dividend and a yield of 0.69%. KLA’s dividend payout ratio is currently 30.38%.

Insiders Place Their Bets

In other news, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the transaction, the chief financial officer now owns 31,356 shares in the company, valued at approximately $24,726,714.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 93,142 shares in the company, valued at $66,748,351.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the sale, the chief financial officer now owns 31,356 shares in the company, valued at $24,726,714.48. The disclosure for this sale can be found here. Insiders have sold 22,861 shares of company stock valued at $16,795,913 over the last ninety days. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of KLA from $650.00 to $700.00 and gave the company a “hold” rating in a research report on Friday, April 26th. UBS Group upped their price target on KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Jefferies Financial Group began coverage on KLA in a research report on Monday, May 13th. They set a “buy” rating and a $820.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, Citigroup raised their target price on shares of KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $747.40.

KLA 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.