KLA Co. (NASDAQ:KLAC – Get Free Report) EVP Mary Beth Wilkinson sold 2,611 shares of the 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 transaction, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
KLA Trading Up 7.8 %
KLAC stock opened at $752.29 on Friday. The business has a fifty day moving average price of $803.89 and a 200 day moving average price of $726.53. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $896.32. The stock has a market capitalization of $101.29 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 1.50 and a beta of 1.27. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.
KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly 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. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm posted $5.40 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Analysts expect that KLA Co. will post 29.09 EPS for the current fiscal year.
KLA Dividend Announcement
Analyst Ratings Changes
KLAC has been the topic of several analyst reports. Citigroup lowered their price target on KLA from $990.00 to $960.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a report on Friday, April 26th. Barclays upped their price target on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Susquehanna dropped their price objective on KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, Argus increased their target price on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $805.29.
View Our Latest Research Report on KLA
Institutional Investors Weigh In On KLA
Several hedge funds and other institutional investors have recently made changes to their positions in KLAC. Arkadios Wealth Advisors acquired a new stake in shares of KLA in the 4th quarter valued at $235,000. Prime Capital Investment Advisors LLC boosted its position in shares of KLA by 163.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,166 shares of the semiconductor company’s stock worth $678,000 after purchasing an additional 724 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of KLA by 9.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,398 shares of the semiconductor company’s stock worth $3,138,000 after purchasing an additional 446 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of KLA by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,874 shares of the semiconductor company’s stock worth $24,341,000 after purchasing an additional 716 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in KLA by 3.2% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,490 shares of the semiconductor company’s stock worth $1,448,000 after acquiring an additional 77 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.
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.
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