Y.D. More Investments Ltd Has $1.39 Million Stake in KLA Co. (NASDAQ:KLAC)

Y.D. More Investments Ltd reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 40.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,685 shares of the semiconductor company’s stock after selling 1,140 shares during the quarter. Y.D. More Investments Ltd’s holdings in KLA were worth $1,389,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in shares of KLA during the 4th quarter valued at $26,000. Cedar Wealth Management LLC increased its position in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the last quarter. DSM Capital Partners LLC acquired a new position in KLA in the 4th quarter worth about $28,000. Family Firm Inc. purchased a new stake in shares of KLA during the 2nd quarter worth about $30,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KLAC shares. Evercore ISI raised their price objective 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. Barclays lifted their price objective on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Stifel Nicolaus boosted their price target on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Raymond James increased their price objective on KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $805.29.

KLA Stock Up 5.0 %

KLAC stock opened at $748.82 on Thursday. KLA Co. has a twelve month low of $440.15 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. The company has a market cap of $100.82 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. The business’s 50-day simple moving average is $789.58 and its 200 day simple moving average is $752.45.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping the consensus estimate of $6.15 by $0.45. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’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 EPS. On average, research analysts anticipate that KLA Co. will post 29.09 earnings per share for the current 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 issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity

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 transaction of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,917 shares of company stock worth $14,568,247. 0.12% of the stock is currently owned by corporate insiders.

About KLA

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.