Foguth Wealth Management LLC. Invests $300,000 in KLA Co. (NASDAQ:KLAC)

Foguth Wealth Management LLC. acquired a new position in shares of KLA Co. (NASDAQ:KLAC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 364 shares of the semiconductor company’s stock, valued at approximately $300,000.

A number of other large investors have also recently made changes to their positions in KLAC. Vanguard Personalized Indexing Management LLC raised its stake in shares of KLA by 13.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the semiconductor company’s stock valued at $5,511,000 after buying an additional 1,096 shares during the period. Intact Investment Management Inc. increased its position in shares of KLA by 7.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,450 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 100 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of KLA during the 4th quarter worth $4,559,000. Meritage Portfolio Management grew its position in KLA by 6.8% in the fourth quarter. Meritage Portfolio Management now owns 26,626 shares of the semiconductor company’s stock worth $15,478,000 after acquiring an additional 1,692 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of KLA in the 4th quarter worth about $811,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KLAC shares. The Goldman Sachs Group lifted their price target on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Raymond James lifted their price objective on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Morgan Stanley lifted their price target on KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Barclays increased their price objective on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $805.29.

KLA Stock Up 4.8 %

KLAC stock traded up $36.29 during midday trading on Tuesday, hitting $793.83. The company’s stock had a trading volume of 1,150,350 shares, compared to its average volume of 936,053. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The firm’s 50-day moving average is $804.57 and its 200-day moving average is $730.96. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32. The company has a market cap of $106.88 billion, a PE ratio of 41.58, a P/E/G ratio of 1.50 and a beta of 1.27.

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

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, August 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Buying and Selling

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were 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 owns 105,329 shares in the company, valued at approximately $74,257,998.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,769 shares of company stock worth $21,324,890. 0.12% of the stock is owned by insiders.

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.