Copperwynd Financial LLC Purchases 23 Shares of KLA Co. (NASDAQ:KLAC)

Copperwynd Financial LLC lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,588 shares of the semiconductor company’s stock after acquiring an additional 23 shares during the period. Copperwynd Financial LLC’s holdings in KLA were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of KLA in the 2nd quarter worth $30,000. Cedar Wealth Management LLC increased its holdings in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in KLA in the 2nd quarter worth about $44,000. Jones Financial Companies Lllp lifted its stake in KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of KLA during the 1st quarter valued at about $46,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KLAC. Raymond James increased their price objective on shares of KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Barclays lifted their price objective on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Stifel Nicolaus increased their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Evercore ISI boosted their price target on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group increased their price objective on shares of KLA from $735.00 to $838.00 and gave the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $809.81.

Insiders Place Their Bets

In other news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard P. Wallace sold 17,437 shares of KLA 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 completion of the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The disclosure for this sale can be found here. Insiders have sold a total of 20,917 shares of company stock valued at $14,568,247 in the last quarter. 0.12% of the stock is currently owned by insiders.

KLA Trading Down 2.8 %

KLAC stock opened at $782.40 on Friday. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.51 and a beta of 1.28. 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 1-year low of $443.71 and a 1-year high of $896.32. The business has a 50 day simple moving average of $769.66 and a two-hundred day simple moving average of $757.17.

KLA (NASDAQ:KLAC) last announced its quarterly 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. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company 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 EPS. KLA’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts anticipate that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is presently 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.