Regal Investment Advisors LLC Sells 80 Shares of KLA Co. (NASDAQ:KLAC)

Regal Investment Advisors LLC trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 10.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 701 shares of the semiconductor company’s stock after selling 80 shares during the quarter. Regal Investment Advisors LLC’s holdings in KLA were worth $578,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Swedbank AB bought a new position in KLA during the first quarter worth $379,678,000. Wellington Management Group LLP boosted its position in shares of KLA by 12.2% during 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 purchasing an additional 386,810 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of KLA by 25.7% in 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. grew its stake in shares of 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 increased its position in KLA by 136.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after buying an additional 178,474 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 2.7 %

KLAC stock opened at $753.69 on Wednesday. KLA Co. has a 1-year low of $448.31 and a 1-year high of $896.32. The stock has a market cap of $101.48 billion, a P/E ratio of 39.48, a P/E/G ratio of 1.51 and a beta of 1.28. The stock’s fifty day simple moving average is $767.88 and its two-hundred day simple moving average is $759.14. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results 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 company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm’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 earned $5.40 earnings per share. Analysts expect that KLA Co. will post 29.09 EPS for the current year.

KLA Announces Dividend

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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.77%. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard P. Wallace sold 17,437 shares of the company’s 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 sale, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,873 shares of company stock valued at $14,532,193. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several recent research reports. Raymond James increased their price target on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Cantor Fitzgerald reduced their price target on shares of KLA from $950.00 to $925.00 and set a “neutral” rating for the company in a research report on Monday. Susquehanna lowered their price objective on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. UBS Group reduced their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Barclays boosted their target price on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $808.62.

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.