Boston Partners Has $67.23 Million Stake in KLA Co. (NASDAQ:KLAC)

Boston Partners lowered its position in KLA Co. (NASDAQ:KLAC) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,237 shares of the semiconductor company’s stock after selling 2,288 shares during the quarter. Boston Partners owned approximately 0.07% of KLA worth $67,234,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KLAC. United Community Bank grew its holdings in KLA by 4.0% during the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 15 shares during the period. Greystone Financial Group LLC increased its holdings in shares of KLA by 1.4% during the 1st quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock worth $819,000 after acquiring an additional 16 shares during the last quarter. Journey Advisory Group LLC increased its holdings in shares of KLA by 3.2% during the 4th quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock worth $301,000 after acquiring an additional 16 shares during the last quarter. AdvisorNet Financial Inc raised its stake in KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 17 shares during the period. Finally, West Paces Advisors Inc. lifted its holdings in KLA by 8.8% during the 4th quarter. West Paces Advisors Inc. now owns 210 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on KLAC shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $950.00 price objective on shares of KLA in a report on Thursday, July 25th. Susquehanna lowered their price target on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Friday, April 26th. Morgan Stanley increased their target price on KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $806.24.

KLA Price Performance

NASDAQ:KLAC traded down $59.97 during trading hours on Friday, hitting $696.17. The company’s stock had a trading volume of 2,071,281 shares, compared to its average volume of 1,064,510. 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 company has a market capitalization of $93.73 billion, a P/E ratio of 36.47, a PEG ratio of 1.50 and a beta of 1.27. KLA Co. has a twelve month low of $440.15 and a twelve month high of $896.32. The stock has a fifty day simple moving average of $808.65 and a 200-day simple moving average of $723.88.

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

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be 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 is Thursday, August 15th. KLA’s payout ratio is 30.38%.

Insider Activity at KLA

In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction dated 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 directly owns 93,142 shares in the company, valued at $66,748,351.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Brian Lorig sold 44 shares of KLA stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, 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 SEC, which is available through the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the sale, the chief executive officer now owns 93,142 shares of the company’s stock, valued at $66,748,351.46. The disclosure for this sale can be found here. Insiders have sold a total of 22,905 shares of company stock valued at $16,831,966 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

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.