KLA Co. (NASDAQ:KLAC) Shares Purchased by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lifted its holdings in KLA Co. (NASDAQ:KLAC) by 48.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 16,777 shares of the semiconductor company’s stock after buying an additional 5,491 shares during the quarter. KLA comprises approximately 1.8% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 14th largest holding. Teamwork Financial Advisors LLC’s holdings in KLA were worth $11,721,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Fortitude Family Office LLC acquired a new stake in KLA during the 4th quarter valued at $25,000. Frazier Financial Advisors LLC bought a new position in KLA during the 4th quarter valued at $26,000. DSM Capital Partners LLC bought a new position in KLA during the 4th quarter valued at $28,000. Addison Advisors LLC bought a new position in KLA during the 4th quarter valued at $29,000. Finally, Jones Financial Companies Lllp boosted its stake in KLA by 2,033.3% during the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KLAC shares. Bank of America raised their price target on shares of KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a report on Friday, April 26th. Wells Fargo & Company increased their price objective on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Jefferies Financial Group assumed coverage on shares of KLA in a report on Monday, May 13th. They issued a “buy” rating and a $820.00 price objective on the stock. Finally, Barclays raised shares of KLA from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $630.00 to $765.00 in a report on Wednesday, June 5th. Nine investment 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 has an average rating of “Moderate Buy” and a consensus target price of $747.40.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 14,009 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the transaction, the chief executive officer now owns 93,142 shares in the company, valued at approximately $66,748,351.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total value of $5,953,080.00. Following the transaction, the insider now owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. Insiders have sold 22,905 shares of company stock valued at $16,831,966 over the last ninety days. 0.12% of the stock is owned by company insiders.

KLA Trading Up 1.7 %

KLAC traded up $14.22 during trading on Thursday, hitting $853.33. The company’s stock had a trading volume of 440,788 shares, compared to its average volume of 766,154. KLA Co. has a twelve month low of $440.15 and a twelve month high of $876.55. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. The stock’s fifty day moving average price is $770.95 and its 200-day moving average price is $686.67. The firm has a market capitalization of $114.89 billion, a P/E ratio of 44.70, a PEG ratio of 3.32 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the firm earned $5.49 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. Analysts anticipate that KLA Co. will post 23.3 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 14th. 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.