US Bancorp DE Has $47.14 Million Holdings in KLA Co. (NASDAQ:KLAC)

US Bancorp DE decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,875 shares of the semiconductor company’s stock after selling 167 shares during the quarter. US Bancorp DE’s holdings in KLA were worth $47,143,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA 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 transaction, the executive vice president now owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,873 shares of company stock worth $14,532,193. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KLAC shares. Barclays decreased their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group lifted their price objective on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Susquehanna decreased their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $750.00 to $850.00 in a research report on Thursday. Nine investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $802.90.

KLA Stock Performance

Shares of KLA stock opened at $666.23 on Friday. The business has a 50-day simple moving average of $747.12 and a 200 day simple moving average of $762.96. The firm has a market capitalization of $89.26 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.75 and a beta of 1.27. 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 Co. has a one year low of $453.50 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 108.40% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the firm earned $5.74 earnings per share. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts anticipate that KLA Co. will post 29.07 earnings per share for the current fiscal year.

About KLA

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.