UMB Bank n.a. Has $1.01 Million Holdings in KLA Co. (NASDAQ:KLAC)

UMB Bank n.a. reduced its position in KLA Co. (NASDAQ:KLAC) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,299 shares of the semiconductor company’s stock after selling 93 shares during the quarter. UMB Bank n.a.’s holdings in KLA were worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after acquiring an additional 76,226 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 valued at $2,061,469,000 after acquiring an additional 386,810 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after acquiring an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after acquiring an additional 71,289 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

Shares of KLAC stock opened at $803.73 on Friday. The stock has a 50 day moving average of $769.57 and a two-hundred day moving average of $762.59. 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 company has a market capitalization of $108.21 billion, a P/E ratio of 42.10, a P/E/G ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate 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 return on equity of 103.50% and a net margin of 28.15%. KLA’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $5.40 EPS. As a group, equities analysts expect that KLA Co. will post 29.13 EPS for the current year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.72%. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have recently commented on KLAC shares. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. The Goldman Sachs Group increased their price objective on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group lowered their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Citigroup lowered 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. Finally, Stifel Nicolaus raised their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, KLA currently has an average 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.