KLA Co. (NASDAQ:KLAC) Position Increased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in KLA Co. (NASDAQ:KLAC) by 27.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,666 shares of the semiconductor company’s stock after acquiring an additional 1,668 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in KLA were worth $5,937,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its position in KLA by 16.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,245 shares of the semiconductor company’s stock worth $1,568,000 after acquiring an additional 316 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in KLA in the 1st quarter worth about $280,000. Sunbelt Securities Inc. raised its stake in shares of KLA by 24.1% during the 1st quarter. Sunbelt Securities Inc. now owns 422 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 82 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of KLA by 24.5% during the 1st quarter. Brookstone Capital Management now owns 467 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 92 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in KLA by 76.0% in the first quarter. DGS Capital Management LLC now owns 632 shares of the semiconductor company’s stock worth $441,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Activity

In related news, CAO Virendra A. Kirloskar sold 825 shares of the company’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 sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. 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 can be accessed through this link. Also, 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 owns 4,231 shares in the company, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on KLAC. JPMorgan Chase & Co. lifted their target price on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Stifel Nicolaus lifted their price objective on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Susquehanna lowered their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. TD Cowen raised their target price on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, Oppenheimer initiated coverage on KLA in a research note on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price target for the company. Ten investment 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, KLA has an average rating of “Moderate Buy” and a consensus target price of $804.57.

KLA Stock Down 0.8 %

KLAC stock opened at $664.63 on Thursday. The business’s 50-day simple moving average is $764.03 and its 200 day simple moving average is $764.02. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The company has a market cap of $89.49 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. KLA Co. has a twelve month low of $452.01 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data 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 business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $5.40 earnings per share. On average, research analysts anticipate that KLA Co. will post 29.13 earnings per share for the current year.

KLA Announces Dividend

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

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.