Davidson Capital Management Inc. Purchases 129 Shares of KLA Co. (NASDAQ:KLAC)

Davidson Capital Management Inc. lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,103 shares of the semiconductor company’s stock after purchasing an additional 129 shares during the period. KLA accounts for about 0.9% of Davidson Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Davidson Capital Management Inc.’s holdings in KLA were worth $3,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Market Strategies LLC grew its stake in KLA by 1.6% in the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC grew its stake in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares during the period. HBW Advisory Services LLC lifted its holdings in shares of KLA by 2.6% in the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 14 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after purchasing an additional 14 shares in the last quarter. Finally, United Community Bank lifted its holdings in shares of KLA by 4.0% in the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling

In other news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the transaction, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock worth $14,532,193 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

KLA Stock Up 1.7 %

NASDAQ KLAC traded up $11.57 during trading on Tuesday, reaching $685.92. The company’s stock had a trading volume of 301,970 shares, compared to its average volume of 934,327. KLA Co. has a 1-year low of $452.03 and a 1-year high of $896.32. The stock has a market capitalization of $92.35 billion, a PE ratio of 35.32, a PEG ratio of 1.69 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $754.78 and a 200-day moving average price of $764.03.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.85%. KLA’s dividend payout ratio is presently 30.38%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their price target on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays lifted their price target on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. The Goldman Sachs Group lifted their price target on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $804.57.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.