KLA Co. (NASDAQ:KLAC) Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its holdings in KLA Co. (NASDAQ:KLAC) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,343 shares of the semiconductor company’s stock after acquiring an additional 3,538 shares during the period. Mediolanum International Funds Ltd’s holdings in KLA were worth $31,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KLAC. Family Firm Inc. acquired a new stake in shares of KLA during the 2nd quarter worth about $30,000. Cedar Wealth Management LLC boosted its holdings in KLA by 77.3% in 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 period. 1620 Investment Advisors Inc. acquired a new position in KLA in the second quarter worth $44,000. LRI Investments LLC acquired a new position in KLA in the first quarter worth $46,000. Finally, Olistico Wealth LLC acquired a new position in KLA in the second quarter worth $53,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Susquehanna cut their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. 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. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $804.57.

KLA Trading Up 1.9 %

NASDAQ KLAC traded up $12.97 on Friday, hitting $679.13. 184,303 shares of the company were exchanged, compared to its average volume of 933,090. The company’s 50 day moving average price is $764.03 and its 200-day moving average price is $764.02. 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 firm has a market capitalization of $91.44 billion, a P/E ratio of 35.38, 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 posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.40 EPS. Analysts predict that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.85%. KLA’s payout ratio is presently 30.38%.

Insiders Place Their Bets

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Virendra A. Kirloskar sold 825 shares of the company’s 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,873 shares of company stock worth $14,532,193. Company insiders own 0.12% of the company’s stock.

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.