346 Shares in KLA Co. (NASDAQ:KLAC) Purchased by AlTi Global Inc.

AlTi Global Inc. acquired a new stake in KLA Co. (NASDAQ:KLAC) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 346 shares of the semiconductor company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Capital Market Strategies LLC increased its holdings in shares of KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 13 shares during the period. HBW Advisory Services LLC increased its stake in KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after buying an additional 14 shares during the period. TIAA Trust National Association raised its position in shares of KLA by 0.4% during the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares in the last quarter. United Community Bank lifted its stake in shares of KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 15 shares during the period. Finally, AA Financial Advisors LLC boosted its holdings in shares of KLA by 2.7% in the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 15 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Trading Up 4.2 %

Shares of NASDAQ KLAC opened at $804.55 on Friday. The firm has a market capitalization of $108.32 billion, a PE ratio of 42.15, a PEG ratio of 1.51 and a beta of 1.28. KLA Co. has a one year low of $440.15 and a one year high of $896.32. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $768.91 and a two-hundred day moving average price of $756.16.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $5.40 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, analysts predict that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.72%. KLA’s dividend payout ratio is 30.38%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KLAC shares. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. TD Cowen upped their price objective on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Barclays lifted their target price on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $809.81.

Insider Activity at KLA

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,917 shares of company stock valued at $14,568,247. Insiders own 0.12% of the company’s stock.

About KLA

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.