KLA Co. (NASDAQ:KLAC) Stock Holdings Boosted by Greystone Financial Group LLC

Greystone Financial Group LLC grew its position in shares of KLA Co. (NASDAQ:KLAC) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,188 shares of the semiconductor company’s stock after purchasing an additional 15 shares during the quarter. Greystone Financial Group LLC’s holdings in KLA were worth $980,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new stake in KLA in the fourth quarter worth about $26,000. Cedar Wealth Management LLC raised its holdings in shares of KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares in the last quarter. DSM Capital Partners LLC acquired a new stake in KLA during the fourth quarter valued at approximately $28,000. Family Firm Inc. bought a new stake in KLA during the second quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KLAC shares. Barclays upped their target price on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. TD Cowen lifted their target price on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Citigroup lowered their price objective on shares of KLA from $990.00 to $960.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $805.29.

Insiders Place Their Bets

In other news, EVP Brian Lorig sold 44 shares of KLA 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 transaction, the executive vice president now owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Brian Lorig sold 44 shares of the firm’s 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 sale, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The disclosure for this sale can be found here. Insiders sold 20,917 shares of company stock valued at $14,568,247 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

KLA Stock Down 3.5 %

NASDAQ KLAC traded down $25.26 during trading on Friday, reaching $702.80. The company’s stock had a trading volume of 1,390,673 shares, compared to its average volume of 932,352. The business has a 50-day moving average price of $796.54 and a 200-day moving average price of $750.59. KLA Co. has a 1-year low of $440.15 and a 1-year high of $896.32. The stock has a market capitalization of $94.62 billion, a PE ratio of 36.82, a PEG ratio of 1.63 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.52 billion. During the same period in the prior year, the company posted $5.40 earnings per share. KLA’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts forecast that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, August 15th. KLA’s payout ratio is 30.38%.

KLA 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.