KLA Co. (NASDAQ:KLAC) EVP Sells $36,053.60 in Stock

KLA Co. (NASDAQ:KLAC) 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 completion of the sale, the executive vice president now owns 14,211 shares in the company, valued at $11,644,493.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

KLA Stock Performance

KLA stock opened at $853.33 on Friday. KLA Co. has a 1 year low of $440.15 and a 1 year high of $876.55. The company’s 50-day moving average is $770.95 and its two-hundred day moving average is $686.67. 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 market cap of $114.89 billion, a PE ratio of 44.70, a PEG ratio of 3.38 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the business posted $5.49 earnings per share. KLA’s revenue was down 3.0% compared to the same quarter last year. Equities analysts anticipate that KLA Co. will post 23.3 earnings per share for the current year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $1.45 per share. The ex-dividend date 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 (DPR) is presently 30.38%.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of analyst reports. Evercore ISI started coverage on KLA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price target on the stock. Bank of America upped their target price on shares of KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Stifel Nicolaus lifted their price target on shares of KLA from $685.00 to $760.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Raymond James upped their price objective on shares of KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Citigroup raised their price objective on shares of KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Nine 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $747.40.

Institutional Investors Weigh In On KLA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Market Strategies LLC increased its stake in shares of KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 13 shares during the last quarter. United Community Bank grew its holdings in shares of KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 15 shares during the period. Greystone Financial Group LLC increased its position in shares of KLA by 1.4% in the 1st quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock valued at $819,000 after buying an additional 16 shares in the last quarter. Journey Advisory Group LLC raised its stake in KLA by 3.2% during the 4th quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock worth $301,000 after buying an additional 16 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in KLA by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

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.