KLA Co. (NASDAQ:KLAC) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 17,725 shares of the semiconductor company’s stock after selling 527 shares during the quarter. GHP Investment Advisors Inc.’s holdings in KLA were worth $14,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Market Strategies LLC boosted its holdings in shares of KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 13 shares during the last quarter. HBW Advisory Services LLC lifted its position in KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares during the period. TIAA Trust National Association boosted its stake in KLA by 0.4% in the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares during the last quarter. United Community Bank grew its holdings in KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 15 shares during the period. Finally, AA Financial Advisors LLC increased its stake in shares of KLA by 2.7% during the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 15 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Down 2.1 %

KLAC opened at $733.28 on Friday. The firm has a market capitalization of $98.73 billion, a P/E ratio of 38.41, a P/E/G ratio of 1.49 and a beta of 1.28. The firm’s 50 day moving average is $787.18 and its 200-day moving average is $752.32. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. KLA Co. has a 52-week low of $440.15 and a 52-week high of $896.32.

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

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio is currently 30.38%.

Insider Buying and Selling at KLA

In other KLA news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other KLA news, EVP Brian Lorig sold 44 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock worth $14,568,247 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KLAC. Barclays boosted their target price on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Raymond James lifted their target price on KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a report on Friday, June 7th. TD Cowen boosted their price target on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $950.00 price objective on shares of KLA in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $805.52.

KLA Company 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.