KLA Co. (NASDAQ:KLAC) EVP Brian Lorig Sells 44 Shares

KLA Co. (NASDAQ:KLAC) EVP Brian Lorig sold 44 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the sale, the executive vice president now owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

KLA Trading Up 1.7 %

Shares of KLA stock opened at $853.33 on Thursday. KLA Co. has a 52-week low of $440.15 and a 52-week 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 firm has a market capitalization of $114.89 billion, a PE ratio of 44.70, a price-to-earnings-growth ratio of 3.32 and a beta of 1.27. The company’s fifty day moving average price is $770.95 and its two-hundred day moving average price is $686.67.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company posted $5.49 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect that KLA Co. will post 23.3 EPS for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio is currently 30.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Market Strategies LLC raised its position in KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 13 shares during the last quarter. United Community Bank grew its position in shares of KLA by 4.0% during the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after buying an additional 15 shares during the period. Greystone Financial Group LLC grew its holdings in KLA by 1.4% during the first quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock valued at $819,000 after purchasing an additional 16 shares during the period. Journey Advisory Group LLC grew its holdings in shares of KLA by 3.2% in the 4th quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock valued at $301,000 after buying an additional 16 shares during the period. Finally, AdvisorNet Financial Inc grew its position in shares of KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of analyst reports. Jefferies Financial Group started coverage on shares of KLA in a research note on Monday, May 13th. They issued a “buy” rating and a $820.00 price objective for the company. Susquehanna restated a “neutral” rating and set a $675.00 price target on shares of KLA in a report on Monday, April 1st. TD Cowen raised their price target on KLA from $650.00 to $700.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Citigroup boosted their price objective on KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a report on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $747.40.

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.