KLA Co. (NASDAQ:KLAC) Insider Sells $5,953,080.00 in Stock

KLA Co. (NASDAQ:KLAC) insider Ahmad A. Khan sold 7,833 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the completion of the sale, the insider now directly owns 32,105 shares in the company, valued at $24,399,800. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

KLA Stock Performance

KLAC opened at $779.06 on Friday. 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 company has a market cap of $104.89 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 3.66 and a beta of 1.33. KLA Co. has a 52-week low of $418.12 and a 52-week high of $790.52. The firm’s fifty day simple moving average is $701.80 and its two-hundred day simple moving average is $635.82.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data 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. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $5.49 earnings per share. Equities analysts anticipate that KLA Co. will post 23.3 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is 30.38%.

Institutional Investors Weigh In On KLA

A number of hedge funds have recently modified their holdings of KLAC. MGO One Seven LLC raised its position in shares of KLA by 32.0% in the third quarter. MGO One Seven LLC now owns 767 shares of the semiconductor company’s stock valued at $352,000 after buying an additional 186 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in KLA by 7.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 108,357 shares of the semiconductor company’s stock worth $49,699,000 after purchasing an additional 7,786 shares during the last quarter. Corient Private Wealth LLC increased its position in KLA by 1.9% during the third quarter. Corient Private Wealth LLC now owns 36,701 shares of the semiconductor company’s stock worth $16,833,000 after purchasing an additional 693 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in KLA by 13.4% during the third quarter. EverSource Wealth Advisors LLC now owns 626 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 74 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in KLA during the third quarter worth about $530,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on KLAC shares. Bank of America upped their price objective on shares of KLA from $740.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Cantor Fitzgerald upped their price objective on shares of KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Morgan Stanley upped their price objective on shares of KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen upped their price objective on shares of KLA from $650.00 to $700.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company upped their price objective on shares of KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $727.15.

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.