XTX Topco Ltd Buys New Position in KLA Co. (NASDAQ:KLAC)

XTX Topco Ltd bought a new stake in KLA Co. (NASDAQ:KLAC) in the second quarter, Holdings Channel reports. The fund bought 360 shares of the semiconductor company’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. boosted its position in shares of KLA by 11.7% during the 2nd quarter. Richardson Financial Services Inc. now owns 238 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 25 shares in the last quarter. Mathes Company Inc. boosted its position in shares of KLA by 1.4% during the 2nd quarter. Mathes Company Inc. now owns 7,710 shares of the semiconductor company’s stock valued at $6,357,000 after purchasing an additional 105 shares in the last quarter. Middleton & Co. Inc. MA bought a new position in shares of KLA during the 2nd quarter valued at about $206,000. Blair William & Co. IL boosted its position in shares of KLA by 3.9% during the 2nd quarter. Blair William & Co. IL now owns 30,266 shares of the semiconductor company’s stock valued at $24,955,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of KLA by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,963 shares of the semiconductor company’s stock valued at $9,860,000 after purchasing an additional 1,312 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ KLAC opened at $782.40 on Friday. The firm has a market capitalization of $105.34 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company has a 50 day simple moving average of $769.26 and a 200-day simple moving average of $756.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. KLA Co. has a 52-week low of $443.71 and a 52-week high of $896.32.

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

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Buying and Selling at KLA

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of KLA 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 in the company, valued at $74,257,998.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s 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 sale, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The disclosure for this sale can be found here. Insiders sold 20,917 shares of company stock worth $14,568,247 over the last ninety days. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KLAC has been the subject of several research reports. Barclays raised their price objective on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Cantor Fitzgerald restated a “neutral” rating and set a $950.00 price objective on shares of KLA in a research report on Thursday, July 25th. Citigroup reduced their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. UBS Group reduced their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $809.81.

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.