KLA Co. (NASDAQ:KLAC) Shares Sold by ZRC Wealth Management LLC

ZRC Wealth Management LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 39.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284 shares of the semiconductor company’s stock after selling 185 shares during the period. ZRC Wealth Management LLC’s holdings in KLA were worth $198,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KLAC. Fortitude Family Office LLC purchased a new stake in shares of KLA in the fourth quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of KLA during the 4th quarter worth about $26,000. DSM Capital Partners LLC acquired a new stake in shares of KLA during the 4th quarter valued at about $28,000. Addison Advisors LLC bought a new stake in shares of KLA in the 4th quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp lifted its stake in KLA by 2,033.3% in the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Friday, April 26th. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley boosted their price objective on KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Evercore ISI assumed coverage on shares of KLA in a report on Tuesday, April 16th. They set an “outperform” rating and a $800.00 price objective on the stock. Finally, Citigroup raised their price target on shares of KLA from $725.00 to $760.00 and gave the company a “buy” rating in a report on Monday, April 29th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $747.40.

KLA Stock Up 1.7 %

Shares of KLAC stock traded up $14.22 during trading on Thursday, reaching $853.33. The company’s stock had a trading volume of 440,788 shares, compared to its average volume of 766,154. The company has a market cap of $114.89 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 3.32 and a beta of 1.27. KLA Co. has a one year low of $440.15 and a one year high of $876.55. The business has a fifty day moving average price of $770.95 and a 200-day moving average price of $686.67. 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 released its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) 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 business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the business earned $5.49 earnings per share. KLA’s quarterly revenue was down 3.0% on a year-over-year basis. Analysts anticipate that KLA Co. will post 23.3 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced 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 was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a yield of 0.68%. KLA’s payout ratio is 30.38%.

Insiders Place Their Bets

In other KLA news, CEO Richard P. Wallace sold 14,009 shares of KLA stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the transaction, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Ahmad A. Khan sold 7,833 shares of the business’s stock in a transaction on 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 sale, the insider now owns 32,105 shares of the company’s stock, valued at $24,399,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the sale, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at approximately $66,748,351.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,905 shares of company stock valued at $16,831,966. 0.12% of the stock is currently 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.