Integrated Advisors Network LLC Buys 6,846 Shares of KLA Co. (NASDAQ:KLAC)

Integrated Advisors Network LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 317.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,000 shares of the semiconductor company’s stock after acquiring an additional 6,846 shares during the quarter. Integrated Advisors Network LLC’s holdings in KLA were worth $5,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLAC. Tocqueville Asset Management L.P. lifted its holdings in shares of KLA by 4.1% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 791 shares of the semiconductor company’s stock worth $363,000 after acquiring an additional 31 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of KLA by 7.0% in the 3rd quarter. Fiera Capital Corp now owns 9,660 shares of the semiconductor company’s stock worth $4,431,000 after acquiring an additional 628 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of KLA by 28.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 691 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 152 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of KLA by 3.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,719 shares of the semiconductor company’s stock worth $8,127,000 after acquiring an additional 627 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of KLA by 11.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 136,356 shares of the semiconductor company’s stock worth $62,450,000 after acquiring an additional 14,089 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Down 0.6 %

Shares of NASDAQ:KLAC traded down $5.19 during trading on Friday, reaching $824.84. The stock had a trading volume of 474,829 shares, compared to its average volume of 701,941. KLA Co. has a one year low of $440.15 and a one year high of $832.99. The company has a market capitalization of $111.06 billion, a P/E ratio of 43.21, a PEG ratio of 3.95 and a beta of 1.28. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. The firm’s 50-day simple moving average is $728.78 and its 200 day simple moving average is $661.29.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations 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 business earned $5.49 EPS. As a group, research analysts expect that KLA Co. will post 23.3 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Buying and Selling

In related news, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the sale, the chief financial officer now directly owns 31,356 shares in the company, valued at approximately $24,726,714.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KLA news, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the sale, the chief financial officer now directly owns 31,356 shares in the company, valued at approximately $24,726,714.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ahmad A. Khan sold 7,833 shares of KLA stock in a transaction that occurred 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 sale, the insider now owns 32,105 shares of the company’s stock, valued at $24,399,800. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock worth $24,016,781 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on KLAC shares. Cantor Fitzgerald raised their price target on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 price target on the stock. Barclays raised shares of KLA from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $630.00 to $765.00 in a research note on Wednesday, June 5th. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Morgan Stanley raised their price target on shares of KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $740.15.

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.