Lbp Am Sa Sells 201 Shares of KLA Co. (NASDAQ:KLAC)

Lbp Am Sa reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 9.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,984 shares of the semiconductor company’s stock after selling 201 shares during the period. Lbp Am Sa’s holdings in KLA were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. United Community Bank raised its holdings in KLA by 4.0% during the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after buying an additional 15 shares during the period. Greystone Financial Group LLC raised its holdings in shares of KLA by 1.4% in the first quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock valued at $819,000 after purchasing an additional 16 shares during the last quarter. Journey Advisory Group LLC raised its holdings in shares of KLA by 3.2% in the fourth quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock valued at $301,000 after purchasing an additional 16 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of KLA by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 17 shares during the last quarter. Finally, West Paces Advisors Inc. raised its holdings in shares of KLA by 8.8% in the fourth quarter. West Paces Advisors Inc. now owns 210 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 17 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the sale, the executive vice president now owns 14,211 shares in the company, valued at $11,644,493.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the completion of the sale, the executive vice president now directly owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the sale, the chief executive officer now owns 93,142 shares in the company, valued at $66,748,351.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,905 shares of company stock valued at $16,831,966. 0.12% of the stock is currently owned by corporate insiders.

KLA Stock Performance

KLAC traded down $66.93 during trading hours on Thursday, hitting $756.14. The stock had a trading volume of 2,195,566 shares, compared to its average volume of 921,267. The company’s fifty day simple moving average is $810.49 and its 200 day simple moving average is $721.61. KLA Co. has a 1 year low of $440.15 and a 1 year high of $896.32. The stock has a market cap of $101.81 billion, a PE ratio of 43.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm posted $5.40 EPS. KLA’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that KLA Co. will post 29.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of recent research reports. Raymond James lifted their price objective on shares of KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Stifel Nicolaus lifted their price objective on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a report on Friday, April 26th. Evercore ISI lifted their price objective on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group assumed coverage on shares of KLA in a report on Monday, May 13th. They issued a “buy” rating and a $820.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $806.24.

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.