KLA Co. (NASDAQ:KLAC) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,409 shares of the semiconductor company’s stock after selling 503 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in KLA were worth $10,231,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in KLA during the 4th quarter valued at about $26,000. Cedar Wealth Management LLC raised its stake 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 valued at $27,000 after purchasing an additional 17 shares during the period. DSM Capital Partners LLC purchased a new stake in KLA during the 4th quarter worth approximately $28,000. Family Firm Inc. bought a new position in KLA during the 2nd quarter valued at $30,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of KLA by 2,033.3% during the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Activity at KLA

In other KLA news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total value of $36,053.60. Following the sale, the executive vice president now owns 14,211 shares in the company, valued at $11,644,493.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the sale, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Lorig sold 44 shares of KLA stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares in the company, valued at $11,644,493.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,917 shares of company stock valued at $14,568,247. 0.12% of the stock is owned by insiders.

KLA Stock Performance

KLAC opened at $739.60 on Wednesday. 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 52-week low of $440.15 and a 52-week high of $896.32. The firm has a market cap of $99.58 billion, a P/E ratio of 38.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The business’s fifty day moving average is $779.79 and its 200-day moving average is $754.41.

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

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.78%. KLA’s payout ratio is currently 30.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KLAC. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Argus lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. UBS Group lowered their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Raymond James increased their target price on shares of KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, Barclays upped their price target on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $812.80.

About KLA

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.