KLA Co. (NASDAQ:KLAC) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of KLA Co. (NASDAQ:KLAC) by 90.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,173 shares of the semiconductor company’s stock after purchasing an additional 95,303 shares during the period. Los Angeles Capital Management LLC owned 0.15% of KLA worth $165,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KLAC. Norges Bank bought a new position in shares of KLA during the fourth quarter valued at approximately $1,048,728,000. Dakota Wealth Management bought a new stake in KLA in the first quarter valued at $627,399,000. Swedbank AB acquired a new position in shares of KLA during the first quarter valued at $379,678,000. Wellington Management Group LLP grew its position in shares of KLA by 12.2% during the fourth quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock worth $2,061,469,000 after acquiring an additional 386,810 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of KLA by 43.4% in the 4th quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock worth $580,008,000 after acquiring an additional 301,848 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now owns 14,211 shares in the company, valued at approximately $11,644,493.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Brian Lorig sold 44 shares of the 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 completion of the sale, the executive vice president now directly owns 14,211 shares in the company, valued at $11,644,493.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The disclosure for this sale can be found here. In the last ninety days, insiders 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 equities research analysts have commented on KLAC shares. Evercore ISI raised their price target on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Raymond James boosted their price target on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Wells Fargo & Company increased their price target on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Cantor Fitzgerald restated a “neutral” rating and set a $950.00 price objective on shares of KLA in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $805.29.

KLA Trading Down 3.5 %

NASDAQ KLAC traded down $25.26 on Friday, hitting $702.80. 1,390,673 shares of the company were exchanged, compared to its average volume of 932,352. KLA Co. has a twelve month low of $440.15 and a twelve month high of $896.32. The company’s 50 day moving average price is $796.54 and its 200-day moving average price is $750.59. The firm has a market capitalization of $94.62 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $5.40 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is 30.38%.

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.