Global Retirement Partners LLC Raises Position in KLA Co. (NASDAQ:KLAC)

Global Retirement Partners LLC grew its position in shares of KLA Co. (NASDAQ:KLAC) by 25.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 692 shares of the semiconductor company’s stock after acquiring an additional 141 shares during the period. Global Retirement Partners LLC’s holdings in KLA were worth $536,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of KLA in the 2nd quarter worth about $30,000. Cedar Wealth Management LLC increased its stake in shares of KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of KLA during the second quarter valued at approximately $44,000. LRI Investments LLC bought a new stake in shares of KLA in the 1st quarter worth approximately $46,000. Finally, Olistico Wealth LLC purchased a new stake in shares of KLA in the 2nd quarter worth approximately $53,000. Institutional investors own 86.65% of the company’s stock.

Insider Transactions at KLA

In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s 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 directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,873 shares of company stock valued at $14,532,193 over the last 90 days. Company insiders own 0.12% of the company’s stock.

KLA Stock Up 1.2 %

KLAC stock opened at $678.52 on Monday. The business’s 50-day moving average price is $770.77 and its 200-day moving average price is $764.80. The stock has a market cap of $91.36 billion, a P/E ratio of 35.54, a PEG ratio of 1.60 and a beta of 1.27. KLA Co. has a twelve month low of $452.01 and a twelve month 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.

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, topping analysts’ consensus estimates of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $5.40 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that KLA Co. will post 29.13 EPS for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.85%. KLA’s payout ratio is 30.38%.

Analyst Upgrades and Downgrades

KLAC has been the topic of several analyst reports. Citigroup dropped their target price on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Stifel Nicolaus boosted their price objective on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Barclays increased their target price on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $804.57.

About KLA

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.