KLA Co. (NASDAQ:KLAC) Shares Acquired by Western Financial Corp CA

Western Financial Corp CA boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 22.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,192 shares of the semiconductor company’s stock after acquiring an additional 577 shares during the period. KLA comprises approximately 1.4% of Western Financial Corp CA’s holdings, making the stock its 9th largest position. Western Financial Corp CA’s holdings in KLA were worth $2,472,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capital Market Strategies LLC boosted its stake in KLA by 1.6% during the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC boosted its holdings in KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC raised 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 during the last quarter. TIAA Trust National Association lifted 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 purchasing an additional 14 shares in the last quarter. Finally, United Community Bank grew its position in KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 15 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Down 1.4 %

NASDAQ KLAC traded down $9.42 during mid-day trading on Monday, reaching $669.10. The stock had a trading volume of 376,311 shares, compared to its average volume of 936,374. The stock has a market cap of $90.09 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. KLA Co. has a 1 year low of $452.01 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The company has a fifty day moving average price of $770.77 and a 200 day moving average price of $764.80.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.40 earnings per share. On average, research analysts expect that KLA Co. will post 29.13 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.87%. KLA’s dividend payout ratio is presently 30.38%.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. UBS Group reduced their price target on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Stifel Nicolaus upped their price target on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Evercore ISI lifted their price objective on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $804.57.

Insiders Place Their Bets

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

KLA Company 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.