287 Shares in KLA Co. (NASDAQ:KLAC) Purchased by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC bought a new stake in shares of KLA Co. (NASDAQ:KLAC) in the first quarter, Holdings Channel reports. The fund bought 287 shares of the semiconductor company’s stock, valued at approximately $200,000.

Several other hedge funds have also recently added to or reduced their stakes in KLAC. Fortitude Family Office LLC purchased a new stake in shares of KLA in the fourth quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new position in KLA during the fourth quarter worth $26,000. DSM Capital Partners LLC acquired a new position in KLA during the fourth quarter worth $28,000. Addison Advisors LLC purchased a new stake in KLA in the 4th quarter valued at $29,000. Finally, Jones Financial Companies Lllp increased its stake in shares of KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 61 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KLA

In related news, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction on Tuesday, May 21st. The shares were 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 of the company’s stock, valued at approximately $24,399,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Bren D. Higgins sold 1,019 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total value of $803,563.02. Following the completion of the sale, the chief financial officer now owns 31,356 shares in the company, valued at approximately $24,726,714.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $5,953,080.00. Following the sale, the insider now owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,905 shares of company stock valued at $16,831,966. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KLAC shares. Morgan Stanley upped their price objective on shares of KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Wells Fargo & Company raised their price target on shares of KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft started coverage on KLA in a report on Thursday, April 11th. They issued a “buy” rating and a $800.00 price objective on the stock. Cantor Fitzgerald raised their target price on KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group assumed coverage on KLA in a research note on Monday, May 13th. They issued a “buy” rating and a $820.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $747.40.

KLA Stock Up 0.6 %

Shares of KLA stock traded up $4.77 on Friday, reaching $857.72. 655,259 shares of the company were exchanged, compared to its average volume of 680,898. The stock’s 50 day moving average price is $795.47 and its 200-day moving average price is $699.88. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46. KLA Co. has a 1-year low of $440.15 and a 1-year high of $896.32. The company has a market cap of $115.48 billion, a P/E ratio of 44.93, a price-to-earnings-growth ratio of 3.38 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.49 EPS. As a group, equities analysts forecast that KLA Co. will post 23.3 EPS for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is 30.38%.

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.