Meiji Yasuda Asset Administration Co Ltd. lowered its stake in KLA Co. (NASDAQ:KLAC – Free Report) by 13.9% within the 2nd quarter, in line with its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 4,846 shares of the semiconductor firm’s inventory after promoting 780 shares through the quarter. Meiji Yasuda Asset Administration Co Ltd.’s holdings in KLA have been price $3,996,000 on the finish of the latest reporting interval.
A number of different hedge funds additionally lately modified their holdings of KLAC. 9258 Wealth Administration LLC purchased a brand new stake in KLA through the 4th quarter valued at $210,000. Nice Lakes Advisors LLC elevated its stake in KLA by 13.6% through the 4th quarter. Nice Lakes Advisors LLC now owns 1,164 shares of the semiconductor firm’s inventory valued at $677,000 after buying an extra 139 shares within the final quarter. Gladstone Institutional Advisory LLC purchased a brand new stake in KLA through the 4th quarter valued at $936,000. D.A. Davidson & CO. elevated its stake in KLA by 4.3% through the 4th quarter. D.A. Davidson & CO. now owns 4,041 shares of the semiconductor firm’s inventory valued at $2,349,000 after buying an extra 168 shares within the final quarter. Lastly, Corient Non-public Wealth LLC elevated its stake in KLA by 9.1% through the 4th quarter. Corient Non-public Wealth LLC now owns 40,048 shares of the semiconductor firm’s inventory valued at $23,279,000 after buying an extra 3,347 shares within the final quarter. Institutional buyers personal 86.65% of the corporate’s inventory.
Insider Shopping for and Promoting at KLA
In different KLA information, CEO Richard P. Wallace offered 17,437 shares of the corporate’s inventory in a transaction dated Tuesday, August sixth. The shares have been offered at a median worth of $705.01, for a complete transaction of $12,293,259.37. Following the sale, the chief govt officer now immediately owns 105,329 shares of the corporate’s inventory, valued at $74,257,998.29. The transaction was disclosed in a authorized submitting with the SEC, which is out there by way of the SEC web site. In different information, CAO Virendra A. Kirloskar offered 825 shares of the inventory in a transaction dated Monday, August fifth. The shares have been offered at a median worth of $649.84, for a complete worth of $536,118.00. Following the sale, the chief accounting officer now immediately owns 4,231 shares of the corporate’s inventory, valued at $2,749,473.04. The sale was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Additionally, CEO Richard P. Wallace offered 17,437 shares of the inventory in a transaction dated Tuesday, August sixth. The inventory was offered at a median worth of $705.01, for a complete transaction of $12,293,259.37. Following the completion of the sale, the chief govt officer now immediately owns 105,329 shares within the firm, valued at $74,257,998.29. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 20,917 shares of firm inventory valued at $14,568,247 over the past three months. 0.12% of the inventory is presently owned by insiders.
Analysts Set New Value Targets
Quite a lot of analysts have commented on KLAC shares. UBS Group decreased their worth goal on shares of KLA from $900.00 to $765.00 and set a “impartial” ranking for the corporate in a analysis be aware on Thursday, September twelfth. Raymond James upped their goal worth on shares of KLA from $750.00 to $875.00 and gave the inventory an “outperform” ranking in a analysis be aware on Friday, June seventh. Barclays upped their goal worth on shares of KLA from $765.00 to $800.00 and gave the inventory an “equal weight” ranking in a analysis be aware on Thursday, July twenty fifth. TD Cowen upped their goal worth on shares of KLA from $700.00 to $760.00 and gave the inventory a “maintain” ranking in a analysis be aware on Thursday, July twenty fifth. Lastly, Citigroup diminished their goal worth on shares of KLA from $960.00 to $900.00 and set a “purchase” ranking for the corporate in a analysis be aware on Monday. 9 funding analysts have rated the inventory with a maintain ranking and 13 have assigned a purchase ranking to the corporate’s inventory. In line with MarketBeat.com, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $812.80.
Verify Out Our Newest Analysis Report on KLAC
KLA Value Efficiency
NASDAQ KLAC opened at $731.04 on Thursday. The corporate has a market cap of $98.43 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. KLA Co. has a 52 week low of $440.15 and a 52 week excessive of $896.32. The corporate has a fast ratio of 1.50, a present ratio of two.15 and a debt-to-equity ratio of 1.75. The agency’s 50-day easy transferring common is $776.57 and its two-hundred day easy transferring common is $754.25.
KLA (NASDAQ:KLAC – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, July twenty fourth. The semiconductor firm reported $6.60 EPS for the quarter, beating the consensus estimate of $6.15 by $0.45. The enterprise had income of $2.57 billion for the quarter, in comparison with the consensus estimate of $2.52 billion. KLA had a internet margin of 28.15% and a return on fairness of 103.50%. The corporate’s income was up 9.1% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the agency earned $5.40 earnings per share. Analysis analysts predict that KLA Co. will publish 29.09 earnings per share for the present 12 months.
KLA Dividend Announcement
The agency additionally lately disclosed a quarterly dividend, which was paid on Tuesday, September third. Shareholders of file on Thursday, August fifteenth have been issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.79%. The ex-dividend date was Thursday, August fifteenth. KLA’s dividend payout ratio (DPR) is presently 30.38%.
About KLA
KLA Company designs, manufactures, and markets course of management, process-enabling, and yield administration options for the semiconductor and associated electronics industries worldwide. It operates by way of three segments: Semiconductor Course of Management; Specialty Semiconductor Course of; and PCB, Show and Element Inspection.
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