Kathmere Capital Management LLC Raises Stock Holdings in KLA Co. (NASDAQ:KLAC)

Kathmere Capital Management LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 39.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,135 shares of the semiconductor company’s stock after purchasing an additional 323 shares during the quarter. Kathmere Capital Management LLC’s holdings in KLA were worth $936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KLAC. Texas Capital Bank Wealth Management Services Inc grew its position in shares of KLA by 0.5% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,544 shares of the semiconductor company’s stock worth $11,167,000 after buying an additional 65 shares during the last quarter. Scientech Research LLC boosted its stake in KLA by 188.6% in the second quarter. Scientech Research LLC now owns 2,551 shares of the semiconductor company’s stock valued at $2,103,000 after acquiring an additional 1,667 shares in the last quarter. Legal & General Group Plc increased its position in shares of KLA by 1.9% during the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after purchasing an additional 21,412 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of KLA during the 2nd quarter valued at $508,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of KLA in the 2nd quarter worth $1,130,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 2.8 %

KLAC stock opened at $782.40 on Friday. KLA Co. has a 52-week low of $443.71 and a 52-week high of $896.32. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The firm has a market cap of $105.34 billion, a P/E ratio of 40.98, a PEG ratio of 1.51 and a beta of 1.28. The company’s 50-day simple moving average is $769.26 and its 200-day simple moving average is $756.50.

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, topping analysts’ consensus estimates of $6.15 by $0.45. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.40 earnings per share. As a group, equities analysts forecast that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued 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%.

Analyst Ratings Changes

KLAC has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Evercore ISI boosted their target price on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Stifel Nicolaus raised their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Citigroup dropped their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price of $809.81.

Insiders Place Their Bets

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, 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 value of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction on Monday, August 5th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,917 shares of company stock worth $14,568,247. Company insiders own 0.12% of the company’s stock.

About KLA

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.