KLA Co. (NASDAQ:KLAC – Get Free Report) CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
KLA Trading Up 7.8 %
Shares of KLAC stock opened at $752.29 on Friday. The stock has a 50-day simple moving average of $803.89 and a 200 day simple moving average of $726.53. The stock has a market capitalization of $101.29 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.50 and a beta of 1.27. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week 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 – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 EPS. On average, sell-side analysts expect that KLA Co. will post 29.09 earnings per share for the current fiscal year.
KLA Dividend Announcement
Wall Street Analyst Weigh In
KLAC has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 target price for the company. Citigroup dropped their price target on KLA from $990.00 to $960.00 and set a “buy” rating on the stock in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of KLA in a research report on Friday, April 26th. Finally, StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $805.29.
Get Our Latest Analysis on KLA
Institutional Investors Weigh In On KLA
Institutional investors and hedge funds have recently modified their holdings of the stock. Frazier Financial Advisors LLC purchased a new stake in shares of KLA during the fourth quarter valued at $26,000. Cedar Wealth Management LLC lifted its stake in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares in the last quarter. DSM Capital Partners LLC acquired a new position in shares of KLA in the fourth quarter worth about $28,000. Addison Advisors LLC purchased a new position in shares of KLA in the fourth quarter worth approximately $29,000. Finally, Family Firm Inc. acquired a new stake in shares of KLA during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 86.65% 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.
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