Silvercrest Asset Management Group LLC Has $2.25 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Silvercrest Asset Management Group LLC lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 59.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,221 shares of the semiconductor company’s stock after selling 4,789 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in KLA were worth $2,250,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in KLA during the 4th quarter worth $26,000. Cedar Wealth Management LLC lifted its position in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period. DSM Capital Partners LLC bought a new stake in KLA during the fourth quarter worth about $28,000. Addison Advisors LLC bought a new position in KLA in the 4th quarter valued at about $29,000. Finally, Jones Financial Companies Lllp raised its position in shares of KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on KLAC shares. Morgan Stanley increased their price target on shares of KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Argus boosted their price target on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $950.00 price objective on shares of KLA in a research note on Thursday, July 25th. Evercore ISI boosted their target price on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of KLA in a report on Thursday, April 11th. They set a “buy” rating and a $800.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $806.24.

KLA Price Performance

KLA stock opened at $758.89 on Wednesday. The stock’s 50 day moving average price is $809.46 and its two-hundred day moving average price is $720.90. The stock has a market capitalization of $102.18 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 1.55 and a beta of 1.27. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. KLA Co. has a 52-week low of $440.15 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm earned $5.40 earnings per share. KLA’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that KLA Co. will post 29.09 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is currently 30.38%.

Insiders Place Their Bets

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

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.