Marshall Financial Group LLC Sells 195 Shares of KLA Co. (NASDAQ:KLAC)

Marshall Financial Group LLC cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,242 shares of the semiconductor company’s stock after selling 195 shares during the quarter. Marshall Financial Group LLC’s holdings in KLA were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of KLAC. OFI Invest Asset Management grew its stake in shares of KLA by 529.7% in the second quarter. OFI Invest Asset Management now owns 466 shares of the semiconductor company’s stock worth $358,000 after acquiring an additional 392 shares during the period. Boston Trust Walden Corp raised its stake in KLA by 6.9% during the 2nd quarter. Boston Trust Walden Corp now owns 61,652 shares of the semiconductor company’s stock valued at $50,833,000 after buying an additional 3,957 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of KLA by 11.1% during the 2nd quarter. Brookstone Capital Management now owns 519 shares of the semiconductor company’s stock valued at $406,000 after buying an additional 52 shares during the period. Blue Trust Inc. boosted its stake in shares of KLA by 172.1% in the 2nd quarter. Blue Trust Inc. now owns 1,026 shares of the semiconductor company’s stock worth $846,000 after buying an additional 649 shares during the last quarter. Finally, Old Port Advisors grew its holdings in shares of KLA by 6.3% in the second quarter. Old Port Advisors now owns 474 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC stock traded down $16.62 during mid-day trading on Friday, hitting $819.57. The company had a trading volume of 673,447 shares, compared to its average volume of 934,722. The company has a market capitalization of $110.35 billion, a P/E ratio of 42.93, a P/E/G ratio of 1.50 and a beta of 1.27. The stock’s 50 day moving average price is $806.90 and its 200-day moving average price is $734.62. KLA Co. has a 52-week low of $440.15 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

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

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, August 15th. KLA’s dividend payout ratio is 30.38%.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of recent research reports. Susquehanna lowered their target price on KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. 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 reduced their target price on shares of KLA from $990.00 to $960.00 and set a “buy” rating for the company in a report on Monday, August 5th. TD Cowen lifted 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. Finally, Barclays boosted their price objective on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $805.29.

Insider Activity at KLA

In other KLA news, insider Ahmad A. Khan sold 7,833 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 32,105 shares of the company’s stock, valued at $24,399,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total value of $5,953,080.00. Following the transaction, the insider now directly owns 32,105 shares in the company, valued at approximately $24,399,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,769 shares of company stock valued at $21,324,890. Insiders own 0.12% of the company’s stock.

KLA 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.