KLA Co. (NASDAQ:KLAC) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 944 shares of the semiconductor company’s stock after acquiring an additional 59 shares during the quarter. Transcend Capital Advisors LLC’s holdings in KLA were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of KLA by 13.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the semiconductor company’s stock worth $5,511,000 after acquiring an additional 1,096 shares during the last quarter. Intact Investment Management Inc. grew its stake in shares of KLA by 7.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,450 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 100 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of KLA in the 4th quarter valued at $4,559,000. Meritage Portfolio Management lifted its stake in KLA by 6.8% during the 4th quarter. Meritage Portfolio Management now owns 26,626 shares of the semiconductor company’s stock worth $15,478,000 after acquiring an additional 1,692 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in KLA during the 4th quarter valued at about $811,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KLAC. The Goldman Sachs Group increased their price target on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. TD Cowen upped their price objective on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their target price on KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. upped 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. Finally, StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $805.29.

Insider Activity at KLA

In other news, CEO Richard P. Wallace sold 14,009 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the sale, the chief executive officer now owns 93,142 shares in the company, valued at $66,748,351.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Richard P. Wallace sold 14,009 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the transaction, the chief executive officer now owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the transaction, the chief financial officer now owns 31,356 shares in the company, valued at approximately $24,726,714.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,905 shares of company stock valued at $16,831,966. 0.12% of the stock is owned by insiders.

KLA Stock Performance

Shares of KLAC stock traded up $11.34 during midday trading on Monday, hitting $707.51. The company had a trading volume of 637,067 shares, compared to its average volume of 927,202. 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 stock has a market cap of $95.26 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.50 and a beta of 1.27. The company’s 50 day simple moving average is $808.65 and its 200 day simple moving average is $725.02. KLA Co. has a 52-week low of $440.15 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $5.40 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 15th. KLA’s payout ratio is currently 30.38%.

KLA Company Profile

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.