Hanlon Investment Management Inc. Has $1.52 Million Stake in KLA Co. (NASDAQ:KLAC)

Hanlon Investment Management Inc. boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,848 shares of the semiconductor company’s stock after buying an additional 21 shares during the quarter. Hanlon Investment Management Inc.’s holdings in KLA were worth $1,524,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of KLA in the fourth quarter worth approximately $26,000. Cedar Wealth Management LLC raised its holdings in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the last quarter. DSM Capital Partners LLC bought a new position in KLA during the 4th quarter worth approximately $28,000. Family Firm Inc. acquired a new position in shares of KLA in the 2nd quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp boosted 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 valued at $37,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Argus boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their target price on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $950.00 target price on shares of KLA in a report on Thursday, July 25th. Finally, Evercore ISI increased their price target on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $805.29.

KLA Price Performance

KLAC stock opened at $702.80 on Friday. The company has a market capitalization of $94.62 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. KLA Co. has a 52-week low of $440.15 and a 52-week high of $896.32. The business has a 50-day simple moving average of $796.54 and a two-hundred day simple moving average of $750.59. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.45. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.40 earnings per share. Research analysts expect that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.83%. KLA’s dividend payout ratio is currently 30.38%.

Insider Activity at KLA

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the transaction, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Insiders have sold 20,917 shares of company stock valued at $14,568,247 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

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.