Massmutual Trust Co. FSB ADV Sells 32 Shares of KLA Co. (NASDAQ:KLAC)

Massmutual Trust Co. FSB ADV reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 445 shares of the semiconductor company’s stock after selling 32 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in KLA were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KLAC. Cedar Wealth Management LLC boosted its holdings in shares of KLA by 77.3% during 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 during the period. Family Firm Inc. bought a new stake in shares of KLA during the 2nd quarter worth $30,000. Jones Financial Companies Lllp boosted its holdings in shares of KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after buying an additional 61 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of KLA during the 2nd quarter worth $44,000. Finally, LRI Investments LLC acquired a new position in KLA during the 1st quarter valued at $45,000. 86.65% of the stock is owned by institutional investors.

Insider Buying and Selling at KLA

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction dated 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 owns 105,329 shares in the company, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other 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 transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is currently owned by corporate insiders.

KLA Trading Up 1.7 %

Shares of KLAC stock opened at $787.39 on Friday. KLA Co. has a 12-month low of $449.35 and a 12-month high of $896.32. The company has a market capitalization of $106.01 billion, a P/E ratio of 41.25, a P/E/G ratio of 1.51 and a beta of 1.27. The firm has a 50-day moving average price of $768.54 and a 200 day moving average price of $760.04. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $5.40 EPS. Research analysts forecast that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KLAC. TD Cowen increased their price target on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased 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. Argus increased their price target on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. Evercore ISI increased their price target on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company reduced their price target on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $804.81.

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.