Range Financial Group LLC Makes New $241,000 Investment in KLA Co. (NASDAQ:KLAC)

Range Financial Group LLC acquired a new position in shares of KLA Co. (NASDAQ:KLAC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 292 shares of the semiconductor company’s stock, valued at approximately $241,000.

Several other large investors also recently added to or reduced their stakes in the stock. Capital Market Strategies LLC increased its stake in KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC increased its stake in KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after acquiring an additional 14 shares during the last quarter. TIAA Trust National Association boosted its position in shares of KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after buying an additional 14 shares during the period. United Community Bank boosted its position in shares of KLA by 4.0% during the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 15 shares during the period. Finally, AA Financial Advisors LLC boosted its position in shares of KLA by 2.7% during the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after buying an additional 15 shares during the period. 86.65% of the stock is owned by institutional investors.

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $728.06 on Friday. The company has a market capitalization of $98.03 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. KLA Co. has a 52 week low of $440.15 and a 52 week high of $896.32. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The firm has a 50 day moving average of $798.97 and a 200 day moving average of $750.30.

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

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Transactions at KLA

In other news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,917 shares of company stock valued at $14,568,247. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James boosted their target price on KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Stifel Nicolaus boosted their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wells Fargo & Company boosted their target price on KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Jefferies Financial Group assumed coverage on KLA in a research report on Monday, May 13th. They set a “buy” rating and a $820.00 target price for the company. Finally, Argus boosted their target price on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $805.29.

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.