Atomi Financial Group Inc. Acquires 496 Shares of KLA Co. (NASDAQ:KLAC)

Atomi Financial Group Inc. boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 47.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,531 shares of the semiconductor company’s stock after buying an additional 496 shares during the quarter. Atomi Financial Group Inc.’s holdings in KLA were worth $1,262,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in shares of KLA during the 2nd quarter valued at $30,000. Cedar Wealth Management LLC boosted its position in KLA by 77.3% during the first 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 period. Frazier Financial Advisors LLC purchased a new position in shares of KLA in the fourth quarter worth about $26,000. DSM Capital Partners LLC purchased a new stake in shares of KLA during the 4th quarter valued at approximately $28,000. Finally, Addison Advisors LLC purchased a new position in KLA in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling

In other KLA news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the transaction, the executive vice president now owns 14,211 shares of the company’s stock, valued at $11,644,493.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian Lorig sold 44 shares of the business’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 transaction of $36,053.60. Following the completion of the transaction, 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 sold a total of 20,917 shares of company stock worth $14,568,247 in the last three months. 0.12% of the stock is owned by corporate insiders.

KLA Stock Up 1.7 %

KLAC traded up $13.82 on Tuesday, hitting $812.79. The company had a trading volume of 686,955 shares, compared to its average volume of 927,470. The stock has a fifty day simple moving average of $805.91 and a 200-day simple moving average of $744.25. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. The firm has a market capitalization of $109.43 billion, a P/E ratio of 41.31, a P/E/G ratio of 1.50 and a beta of 1.27. KLA Co. has a 52-week low of $440.15 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The company had revenue of $2.57 billion during 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%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.40 EPS. As a group, equities analysts expect that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a $1.45 dividend. The ex-dividend date is Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.71%. KLA’s payout ratio is 30.38%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised their target price on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Barclays upped their price target on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. TD Cowen raised their price objective on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $805.29.

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.