180 Wealth Advisors LLC Sells 121 Shares of KLA Co. (NASDAQ:KLAC)

180 Wealth Advisors LLC decreased its stake in KLA Co. (NASDAQ:KLAC) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,456 shares of the semiconductor company’s stock after selling 121 shares during the period. 180 Wealth Advisors LLC’s holdings in KLA were worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lockerman Financial Group Inc. acquired a new stake in shares of KLA in the first quarter valued at about $254,000. Franklin Street Advisors Inc. NC acquired a new stake in shares of KLA in the first quarter valued at about $355,000. Cairn Investment Group Inc. acquired a new stake in shares of KLA in the first quarter valued at about $226,000. Wealthcare Advisory Partners LLC grew its stake in KLA by 66.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 709 shares of the semiconductor company’s stock worth $495,000 after purchasing an additional 283 shares during the period. Finally, DGS Capital Management LLC grew its stake in KLA by 76.0% during the first quarter. DGS Capital Management LLC now owns 632 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Up 3.0 %

Shares of KLAC stock traded up $24.05 during trading hours on Friday, reaching $838.92. The company had a trading volume of 195,046 shares, compared to its average volume of 903,574. KLA Co. has a 12 month low of $440.15 and a 12 month high of $876.55. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46. The business has a fifty day simple moving average of $755.39 and a 200-day simple moving average of $678.53. The company has a market cap of $112.95 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 3.89 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company earned $5.49 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts expect that KLA Co. will post 23.3 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a yield of 0.69%. KLA’s dividend payout ratio (DPR) is currently 30.38%.

Insider Buying and Selling

In related news, insider Ahmad A. Khan sold 7,833 shares of KLA stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the sale, the insider now directly owns 32,105 shares in the company, valued at $24,399,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KLA news, insider Ahmad A. Khan sold 7,833 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total value of $5,953,080.00. Following the completion of the sale, the insider now directly owns 32,105 shares of the company’s stock, valued at $24,399,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bren D. Higgins sold 1,019 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the sale, the chief financial officer now directly owns 31,356 shares of the company’s stock, valued at $24,726,714.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,861 shares of company stock worth $16,795,913. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KLAC has been the subject of several recent analyst reports. Barclays raised KLA from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $630.00 to $765.00 in a research note on Wednesday, June 5th. Bank of America raised their target price on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Raymond James raised their target price on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Morgan Stanley raised their target price on KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, TD Cowen raised their target price on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.40.

KLA Profile

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.