Mackenzie Financial Corp Sells 521 Shares of KLA Co. (NASDAQ:KLAC)

Mackenzie Financial Corp lowered its stake in KLA Co. (NASDAQ:KLAC) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,708 shares of the semiconductor company’s stock after selling 521 shares during the quarter. Mackenzie Financial Corp’s holdings in KLA were worth $22,846,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in KLA in the 1st quarter worth approximately $379,678,000. Wellington Management Group LLP increased its stake in shares of KLA by 12.2% in the fourth quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock worth $2,061,469,000 after purchasing an additional 386,810 shares in the last quarter. Van ECK Associates Corp raised its position in shares of KLA by 25.7% during the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after purchasing an additional 211,227 shares during the period. 1832 Asset Management L.P. raised its position in shares of KLA by 2,205.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after purchasing an additional 192,849 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of KLA by 136.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after buying an additional 178,474 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLA stock opened at $782.40 on Friday. The stock has a market cap of $105.34 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The stock has a 50 day moving average price of $769.66 and a 200-day moving average price of $757.17. KLA Co. has a one year low of $443.71 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm earned $5.40 earnings per share. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that KLA Co. will post 29.09 EPS for the current year.

KLA Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, the executive vice president now owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Lorig sold 44 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the sale, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock valued at $14,568,247 over the last 90 days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent analyst reports. Raymond James raised their price target on KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Stifel Nicolaus lifted their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Citigroup dropped their price target on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, TD Cowen boosted their target price on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $809.81.

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.