KLA Co. (NASDAQ:KLAC) Shares Bought by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lifted its holdings in KLA Co. (NASDAQ:KLAC) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,202 shares of the semiconductor company’s stock after purchasing an additional 173 shares during the quarter. KLA comprises about 1.5% of Boomfish Wealth Group LLC’s portfolio, making the stock its 25th biggest position. Boomfish Wealth Group LLC’s holdings in KLA were worth $2,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in KLA in the second quarter worth about $30,000. Cedar Wealth Management LLC lifted its position in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of KLA during the second quarter worth about $44,000. LRI Investments LLC purchased a new stake in shares of KLA in the 1st quarter valued at $46,000. Finally, Olistico Wealth LLC purchased a new stake in KLA in the second quarter valued at $53,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of KLA 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 sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,873 shares of company stock valued at $14,532,193 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KLAC. Evercore ISI upped their target price on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Barclays raised their price objective on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. UBS Group decreased their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. The Goldman Sachs Group raised their target price on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $804.57.

KLA Trading Up 3.2 %

Shares of KLA stock opened at $829.65 on Tuesday. KLA Co. has a 1-year low of $452.01 and a 1-year 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. The stock has a market cap of $111.70 billion, a P/E ratio of 43.46, a P/E/G ratio of 1.60 and a beta of 1.27. The stock’s 50 day simple moving average is $774.25 and its 200-day simple moving average is $765.24.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned $5.40 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that KLA Co. will post 29.13 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.70%. KLA’s payout ratio is 30.38%.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.