Marcum Wealth LLC Has $297,000 Position in KLA Co. (NASDAQ:KLAC)

Marcum Wealth LLC raised its holdings in KLA Co. (NASDAQ:KLAC) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 384 shares of the semiconductor company’s stock after acquiring an additional 15 shares during the quarter. Marcum Wealth LLC’s holdings in KLA were worth $297,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in KLA in the second quarter worth $30,000. Cedar Wealth Management LLC increased its holdings in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 17 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of KLA during the 2nd quarter valued at about $44,000. LRI Investments LLC bought a new position in shares of KLA in the 1st quarter valued at approximately $46,000. Finally, Olistico Wealth LLC acquired a new stake in KLA in the 2nd quarter worth approximately $53,000. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 0.8 %

KLAC opened at $797.98 on Friday. The stock has a market capitalization of $107.44 billion, a P/E ratio of 41.80, a P/E/G ratio of 1.51 and a beta of 1.27. 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 Co. has a 12 month low of $452.01 and a 12 month high of $896.32. The firm’s fifty day simple moving average is $768.74 and its 200 day simple moving average is $762.35.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The business had revenue of $2.57 billion during 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $5.40 earnings per share. As a group, research analysts anticipate that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is presently 30.38%.

Insider Buying and Selling

In other 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 transaction of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,873 shares of company stock valued at $14,532,193. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KLAC shares. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. The Goldman Sachs Group upped their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Citigroup lowered their price target on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Oppenheimer started coverage on KLA in a research report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price objective for the company. Finally, Evercore ISI lifted their price target on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $804.81.

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.