KLA Co. (NASDAQ:KLAC) Stock Position Boosted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 46.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,076 shares of the semiconductor company’s stock after buying an additional 980 shares during the period. Fidelis Capital Partners LLC’s holdings in KLA were worth $2,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cedar Wealth Management LLC boosted its position in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. Family Firm Inc. bought a new position in shares of KLA during the 2nd quarter valued at about $30,000. 1620 Investment Advisors Inc. bought a new position in shares of KLA during the 2nd quarter valued at about $44,000. LRI Investments LLC bought a new position in shares of KLA during the 1st quarter valued at about $45,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA during the 2nd quarter valued at about $53,000. Institutional investors own 86.65% of the company’s stock.

Insider Activity at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by corporate insiders.

KLA Price Performance

Shares of KLAC opened at $696.23 on Wednesday. The firm has a market cap of $93.74 billion, a PE ratio of 36.47, a PEG ratio of 1.69 and a beta of 1.27. The firm’s 50 day moving average price is $752.47 and its 200 day moving average price is $764.14. 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 twelve month low of $452.03 and a twelve month high of $896.32.

KLA Announces Dividend

The firm also recently disclosed 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 presently 30.38%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several research reports. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Evercore ISI upped their price objective 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. Oppenheimer began coverage on shares of KLA in a research note on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price objective for the company. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, TD Cowen upped their price objective on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $804.57.

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.