KLA Co. (NASDAQ:KLAC) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,685 shares of the semiconductor company’s stock after selling 1,325 shares during the period. Fiera Capital Corp’s holdings in KLA were worth $7,161,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB acquired a new position in shares of KLA in the 1st quarter valued at $379,678,000. Wellington Management Group LLP increased its stake in shares of KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock worth $2,061,469,000 after acquiring an additional 386,810 shares during 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 buying an additional 211,227 shares during the period. 1832 Asset Management L.P. raised its holdings in KLA by 2,205.8% in 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 buying an additional 192,849 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in KLA by 136.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock worth $214,667,000 after purchasing an additional 178,474 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Stifel Nicolaus increased their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Citigroup lowered their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, Susquehanna reduced their price objective on shares of KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $809.81.

Insider Buying and Selling at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other KLA news, 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 completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Insiders sold 20,917 shares of company stock worth $14,568,247 in the last 90 days. 0.12% of the stock is owned by company insiders.

KLA Trading Down 2.8 %

Shares of KLAC stock opened at $782.40 on Monday. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.51 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $769.66 and a 200 day moving average price of $758.07. KLA Co. has a twelve month low of $443.71 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last announced 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 business 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.40 earnings per share. Research analysts forecast that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is 30.38%.

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.