EverSource Wealth Advisors LLC Buys 289 Shares of KLA Co. (NASDAQ:KLAC)

EverSource Wealth Advisors LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 37.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,066 shares of the semiconductor company’s stock after purchasing an additional 289 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in KLA were worth $877,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Capital Market Strategies LLC raised its holdings in shares of KLA by 1.6% during the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after buying an additional 13 shares in the last quarter. HBW Advisory Services LLC grew its position in KLA by 2.6% in the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 14 shares during the last quarter. TIAA Trust National Association raised its stake in KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after acquiring an additional 14 shares in the last quarter. United Community Bank lifted its holdings in shares of KLA by 4.0% in the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 15 shares during the last quarter. Finally, AA Financial Advisors LLC boosted its stake in shares of KLA by 2.7% in the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 15 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KLA

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction dated 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 directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The disclosure for this sale can be found here. Insiders have sold 20,917 shares of company stock valued at $14,568,247 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KLAC. Stifel Nicolaus upped their price objective on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Argus increased their price target on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. The Goldman Sachs Group increased their target price on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $812.80.

KLA Stock Up 0.3 %

Shares of NASDAQ:KLAC opened at $761.27 on Tuesday. KLA Co. has a 1 year low of $440.15 and a 1 year high of $896.32. 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 business’s 50-day moving average is $771.04 and its 200-day moving average is $755.55. The company has a market capitalization of $102.50 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.49 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results 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 analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.40 earnings per share. Equities research analysts predict that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is currently 30.38%.

KLA 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.