Meeder Advisory Services Inc. Sells 34 Shares of KLA Co. (NASDAQ:KLAC)

Meeder Advisory Services Inc. trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,456 shares of the semiconductor company’s stock after selling 34 shares during the period. Meeder Advisory Services Inc.’s holdings in KLA were worth $1,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Vanguard Group Inc. raised its stake in KLA by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,036,035 shares of the semiconductor company’s stock valued at $7,577,847,000 after acquiring an additional 133,821 shares during the period. Wellington Management Group LLP grew its holdings in KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after buying an additional 386,810 shares in the last quarter. Norges Bank acquired a new position in KLA in the 4th quarter valued at $1,048,728,000. Van ECK Associates Corp grew its holdings in KLA by 25.7% in the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after buying an additional 211,227 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in KLA by 43.4% in the 4th quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock valued at $580,008,000 after buying an additional 301,848 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KLAC shares. 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. Evercore ISI started coverage on KLA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 target price on the stock. Cantor Fitzgerald raised their target price on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TD Cowen raised their target price on KLA from $650.00 to $700.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Morgan Stanley raised their price objective on KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $758.40.

KLA Stock Up 0.0 %

KLA stock traded up $0.40 during midday trading on Monday, reaching $858.12. The stock had a trading volume of 637,135 shares, compared to its average volume of 882,704. The company has a market capitalization of $115.54 billion, a P/E ratio of 44.95, a PEG ratio of 3.39 and a beta of 1.27. 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 company has a fifty day moving average price of $798.27 and a two-hundred day moving average price of $703.33. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. KLA’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $5.49 earnings per share. As a group, equities analysts expect that KLA Co. will post 23.3 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio is 30.38%.

Insider Buying and Selling at KLA

In other KLA news, EVP Brian Lorig sold 44 shares of the stock in a transaction on Tuesday, July 2nd. The stock was 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 $11,644,493.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other KLA news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the sale, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ahmad A. Khan sold 7,833 shares of KLA stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the completion of the transaction, the insider now owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. Insiders have sold a total of 22,905 shares of company stock worth $16,831,966 over the last three months. 0.12% of the stock is currently owned by insiders.

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.