KLA Co. (NASDAQ:KLAC) Shares Bought by Profund Advisors LLC

Profund Advisors LLC raised its stake in KLA Co. (NASDAQ:KLAC – Free Report) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,004 shares of the semiconductor company’s stock after buying an additional 1,193 shares during the quarter. KLA makes up about 0.7% of Profund Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Profund Advisors LLC’s holdings in KLA were worth $18,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cedar Wealth Management LLC grew its holdings in KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares in the last quarter. DSM Capital Partners LLC bought a new position in shares of KLA during the fourth quarter valued at about $28,000. Family Firm Inc. purchased a new position in KLA in the second quarter valued at about $30,000. Jones Financial Companies Lllp boosted its holdings in KLA by 2,033.3% in the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 61 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in KLA during the second quarter valued at about $44,000. Institutional investors own 86.65% of the company’s shares.

Analyst upgrades and downgrades

A number of brokerages recently weighed in on KLAC. UBS Group cut their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $950.00 target price on shares of KLA in a research note on Thursday, July 25th. Citigroup dropped their target price on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Goldman Sachs Group boosted their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $812.80.

View the latest stock report on KLA

KLA stock performance

Shares of KLAC opened at $758.85 on Friday. The company has a market cap of $102.17 billion, a P/E ratio of 39.75, a PEG ratio of 1.49 and a beta of 1.28. The company has a quick ratio of 1.50, a current ratio of 2.15, and a debt-to-equity ratio of 1.75. The company has a 50-day simple moving average of $772.98 and a 200-day simple moving average of $755.00. KLA Co. it has a fifty-two week low of $440.15 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm posted earnings of $5.40 per share. The company’s revenue rose 9.1% year-over-year. Sell-side analysts predict that KLA Co. will post 29.09 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. This represents a dividend of $5.80 on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 15. KLA’s dividend payout ratio is currently 30.38%.

Indoor activity

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 value of $36,053.60. Following the sale, the executive vice president now directly owns 14,211 shares in the company, valued at $11,644,493.40. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. In related news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 directly owns 4,231 shares in the company, valued at $2,749,473.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Insiders have sold a total of 20,917 shares of company stock worth $14,568,247 over the last 90 days. 0.12% of shares are currently owned by company insiders.

About KLA

(Free Report)

KLA Corporation designs, manufactures and markets process control, process enablement and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty process with semiconductors; and PCB, display and component inspection.

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