Winthrop Advisory Group LLC Sells 39 Shares of KLA Co. (NASDAQ:KLAC)

Winthrop Advisory Group LLC lessened its position in KLA Co. (NASDAQ:KLAC) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,043 shares of the semiconductor company’s stock after selling 39 shares during the period. Winthrop Advisory Group LLC’s holdings in KLA were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Operose Advisors LLC purchased a new stake in KLA during the third quarter valued at approximately $26,000. Mutual Advisors LLC raised its position in shares of KLA by 2.1% during the 3rd quarter. Mutual Advisors LLC now owns 2,192 shares of the semiconductor company’s stock valued at $1,005,000 after purchasing an additional 45 shares during the period. Toronto Dominion Bank grew its stake in KLA by 7.4% during the third quarter. Toronto Dominion Bank now owns 97,941 shares of the semiconductor company’s stock valued at $44,922,000 after acquiring an additional 6,776 shares in the last quarter. Morningstar Investment Services LLC grew its stake in KLA by 6.6% during the third quarter. Morningstar Investment Services LLC now owns 1,219 shares of the semiconductor company’s stock valued at $558,000 after acquiring an additional 75 shares in the last quarter. Finally, Teza Capital Management LLC grew its stake in KLA by 888.7% during the third quarter. Teza Capital Management LLC now owns 6,140 shares of the semiconductor company’s stock valued at $2,816,000 after acquiring an additional 5,519 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 1.2 %

KLAC traded up $9.64 on Friday, reaching $824.51. 849,376 shares of the company traded hands, compared to its average volume of 806,531. KLA Co. has a one year low of $440.15 and a one year high of $876.55. The firm has a fifty day simple moving average of $759.32 and a two-hundred day simple moving average of $681.20. The company has a market cap of $111.01 billion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 3.95 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data 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 net margin of 27.19% and a return on equity of 102.37%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $5.49 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that KLA Co. will post 23.3 earnings per share for the current year.

KLA Announces Dividend

The business also recently disclosed 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 0.70%. KLA’s payout ratio is 30.38%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KLAC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research note on Friday, April 26th. Evercore ISI assumed coverage on shares of KLA in a research note on Tuesday, April 16th. They set an “outperform” rating and a $800.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Cantor Fitzgerald lifted their price objective on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Morgan Stanley lifted their price objective on shares of KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $747.40.

Insider Activity at KLA

In other news, CFO Bren D. Higgins sold 1,019 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were 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 owns 31,356 shares in the company, valued at approximately $24,726,714.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Ahmad A. Khan sold 7,833 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were 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 owns 32,105 shares in the company, valued at approximately $24,399,800. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bren D. Higgins sold 1,019 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the sale, the chief financial officer now owns 31,356 shares of the company’s stock, valued at approximately $24,726,714.48. The disclosure for this sale can be found here. Insiders sold 22,861 shares of company stock worth $16,795,913 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

KLA Company 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.