Paragon Private Wealth Management LLC Acquires 24 Shares of KLA Co. (NASDAQ:KLAC)

Paragon Private Wealth Management LLC boosted its holdings in KLA Co. (NASDAQ:KLACFree Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,038 shares of the semiconductor company’s stock after buying an additional 24 shares during the period. Paragon Private Wealth Management LLC’s holdings in KLA were worth $603,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KLAC. Fortitude Family Office LLC bought a new stake in shares of KLA during the fourth quarter valued at approximately $25,000. Operose Advisors LLC acquired a new position in KLA in the third quarter worth $26,000. Addison Advisors LLC acquired a new position in KLA in the fourth quarter worth $29,000. AdvisorNet Financial Inc boosted its stake in KLA by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 17 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in KLA in the third quarter worth $51,000. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 0.2 %

Shares of KLA stock traded down $1.80 during trading hours on Friday, hitting $747.68. The company’s stock had a trading volume of 585,874 shares, compared to its average volume of 861,822. KLA Co. has a 12 month low of $404.80 and a 12 month high of $763.93. The stock has a 50 day moving average of $693.70 and a 200 day moving average of $627.18. The company has a market capitalization of $100.67 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 3.18 and a beta of 1.33. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the company earned $5.49 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts predict that KLA Co. will post 23.3 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $1.45 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.80 annualized dividend and a dividend yield of 0.78%. KLA’s dividend payout ratio (DPR) is currently 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Cowen boosted their price objective on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Bank of America upped their price target on KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price target on KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Cantor Fitzgerald upped their price target on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $675.00 price target on shares of KLA in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $727.15.

View Our Latest Analysis on KLAC

Insiders Place Their Bets

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the transaction, the executive vice president now directly owns 16,922 shares in the company, valued at $11,809,017.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the transaction, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. Insiders sold 24,284 shares of company stock worth $17,260,138 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

About KLA

(Free Report)

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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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