Consolidated Portfolio Review Corp Sells 27 Shares of KLA Co. (NASDAQ:KLAC)

Consolidated Portfolio Review Corp lessened its holdings in KLA Co. (NASDAQ:KLAC) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 793 shares of the semiconductor company’s stock after selling 27 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in KLA were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Wellington Management Group LLP boosted its position in KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after buying an additional 386,810 shares during the period. Price T Rowe Associates Inc. MD boosted its position in KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after buying an additional 71,289 shares during the period. Norges Bank bought a new position in KLA in the 4th quarter worth about $1,048,728,000. Finally, Van ECK Associates Corp increased its position in shares of KLA by 7.9% during the second quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock worth $917,970,000 after acquiring an additional 81,335 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KLAC. Argus increased their price objective on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Thursday. Cantor Fitzgerald restated a “neutral” rating and set a $950.00 price target on shares of KLA in a research note on Thursday, July 25th. TD Cowen upped their price objective on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Susquehanna cut their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $805.29.

KLA Trading Up 3.0 %

Shares of NASDAQ:KLAC opened at $819.43 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The firm has a market capitalization of $110.33 billion, a P/E ratio of 42.92, a P/E/G ratio of 1.63 and a beta of 1.27. The business’s 50-day moving average is $803.10 and its 200 day moving average is $748.09. KLA Co. has a 1 year low of $440.15 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.45. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.40 earnings per share. On average, research analysts predict 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 will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $1.45 per share. The ex-dividend date is Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.71%. KLA’s payout ratio is currently 30.38%.

Insider Activity

In related news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the transaction, the executive vice president now owns 14,211 shares in the company, valued at approximately $11,644,493.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Lorig sold 44 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Insiders have sold 20,917 shares of company stock valued at $14,568,247 over the last ninety days. 0.12% of the stock is currently owned by insiders.

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.