Mather Group LLC. Sells 19 Shares of KLA Co. (NASDAQ:KLAC)

Mather Group LLC. lessened its position in shares of KLA Co. (NASDAQ:KLAC) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,165 shares of the semiconductor company’s stock after selling 19 shares during the quarter. Mather Group LLC.’s holdings in KLA were worth $1,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Market Strategies LLC increased its stake in KLA by 1.6% during the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 13 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 14 shares during the period. United Community Bank boosted its position in KLA by 4.0% in the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 15 shares during the last quarter. Greystone Financial Group LLC raised its position in KLA by 1.4% during the 1st quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock worth $819,000 after buying an additional 16 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its stake in KLA by 3.2% during the 4th quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock valued at $301,000 after acquiring an additional 16 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on KLAC shares. Needham & Company LLC reissued a “hold” rating on shares of KLA in a report on Friday, April 26th. Raymond James boosted their price objective on KLA from $750.00 to $875.00 and gave the company an “outperform” rating in a report on Friday, June 7th. StockNews.com raised KLA from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Evercore ISI boosted their price target on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Susquehanna dropped their price objective on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $805.29.

Insiders Place Their Bets

In related news, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Lorig sold 44 shares of KLA stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the sale, the executive vice president now owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The disclosure for this sale can be found here. Insiders have sold 12,332 shares of company stock valued at $9,031,630 over the last ninety days. Company insiders own 0.12% of the company’s stock.

KLA Price Performance

KLAC traded up $12.74 during trading on Tuesday, reaching $716.22. The company’s stock had a trading volume of 1,195,348 shares, compared to its average volume of 936,208. The company has a market cap of $96.43 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 1.50 and a beta of 1.27. The firm has a fifty day simple moving average of $807.14 and a two-hundred day simple moving average of $725.82. KLA Co. has a 1 year low of $440.15 and a 1 year high of $896.32. 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 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.40 earnings per share. As a group, analysts anticipate that KLA Co. will post 29.09 EPS for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, August 15th. KLA’s payout ratio is currently 30.38%.

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.