KLA Co. (NASDAQ:KLAC) Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC trimmed its position in KLA Co. (NASDAQ:KLAC) by 95.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248 shares of the semiconductor company’s stock after selling 4,939 shares during the quarter. MFA Wealth Advisors LLC’s holdings in KLA were worth $192,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cedar Wealth Management LLC lifted its holdings in KLA by 77.3% in the first 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. Family Firm Inc. purchased a new stake in KLA in the second quarter valued at $30,000. 1620 Investment Advisors Inc. acquired a new position in shares of KLA in the 2nd quarter valued at $44,000. LRI Investments LLC purchased a new position in shares of KLA during the 1st quarter worth $45,000. Finally, Olistico Wealth LLC acquired a new stake in shares of KLA during the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 0.8 %

NASDAQ KLAC opened at $664.63 on Thursday. KLA Co. has a 52 week low of $452.01 and a 52 week high of $896.32. The firm has a 50 day moving average of $764.03 and a two-hundred day moving average of $764.02. The stock has a market capitalization of $89.49 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. 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 earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company posted $5.40 earnings per share. KLA’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts expect that KLA Co. will post 29.13 EPS for the current fiscal 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 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 0.87%. KLA’s payout ratio is currently 30.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on KLAC. Evercore ISI upped their target price on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. The Goldman Sachs Group lifted their target price 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 decreased their price target on 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 lowered their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $804.57.

Insider Transactions at KLA

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction on 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 owns 9,298 shares in the company, valued at $6,063,876.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,873 shares of company stock valued at $14,532,193. Corporate insiders own 0.12% of the company’s stock.

KLA Profile

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.