Torray Investment Partners LLC Has $6.45 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Torray Investment Partners LLC lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 21.9% during the second quarter, HoldingsChannel reports. The fund owned 7,822 shares of the semiconductor company’s stock after selling 2,199 shares during the quarter. Torray Investment Partners LLC’s holdings in KLA were worth $6,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KLAC. EFG Asset Management Americas Corp. grew its position in KLA by 40.5% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 2,211 shares of the semiconductor company’s stock worth $1,823,000 after purchasing an additional 637 shares during the last quarter. Greystone Financial Group LLC lifted its stake in shares of KLA by 1.3% in the second quarter. Greystone Financial Group LLC now owns 1,188 shares of the semiconductor company’s stock valued at $980,000 after buying an additional 15 shares during the period. Los Angeles Capital Management LLC grew its position in KLA by 90.9% during the second quarter. Los Angeles Capital Management LLC now owns 200,173 shares of the semiconductor company’s stock worth $165,045,000 after buying an additional 95,303 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in KLA by 2.4% during the second quarter. Cullen Frost Bankers Inc. now owns 23,732 shares of the semiconductor company’s stock valued at $19,567,000 after acquiring an additional 547 shares during the period. Finally, Hanlon Investment Management Inc. raised its holdings in KLA by 1.1% in the 2nd quarter. Hanlon Investment Management Inc. now owns 1,848 shares of the semiconductor company’s stock valued at $1,524,000 after acquiring an additional 21 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The disclosure for this sale can be found here. Insiders sold 20,917 shares of company stock worth $14,568,247 in the last quarter. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KLAC shares. Barclays lifted their price objective on KLA from $765.00 to $800.00 and gave the stock 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 report on Thursday, August 29th. Raymond James raised their price objective on shares of KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Citigroup lowered their target price on shares of KLA from $990.00 to $960.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, TD Cowen raised their price target on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $805.29.

KLA Trading Down 3.5 %

KLAC stock traded down $25.26 during trading on Friday, hitting $702.80. The company had a trading volume of 1,390,673 shares, compared to its average volume of 932,352. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $796.54 and a 200-day moving average price of $750.59. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32. The stock has a market cap of $94.62 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 1.63 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $5.40 EPS. KLA’s revenue was up 9.1% on a year-over-year basis. As a group, analysts predict that KLA Co. will post 29.09 earnings per share for the current 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 given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

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.