Conscious Wealth Investments LLC Sells 18 Shares of KLA Co. (NASDAQ:KLAC)

Conscious Wealth Investments LLC cut its position in shares of KLA Co. (NASDAQ:KLAC) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,644 shares of the semiconductor company’s stock after selling 18 shares during the period. KLA comprises about 2.5% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 13th largest position. Conscious Wealth Investments LLC’s holdings in KLA were worth $3,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC bought a new stake in KLA in the first quarter valued at $280,000. Brookstone Capital Management grew its position in KLA by 24.5% in the first quarter. Brookstone Capital Management now owns 467 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 92 shares during the period. Wealthcare Advisory Partners LLC grew its position in KLA by 66.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 709 shares of the semiconductor company’s stock valued at $495,000 after acquiring an additional 283 shares during the period. Independence Bank of Kentucky grew its position in KLA by 76.9% in the first quarter. Independence Bank of Kentucky now owns 230 shares of the semiconductor company’s stock valued at $161,000 after acquiring an additional 100 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in KLA by 40.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,379 shares of the semiconductor company’s stock valued at $2,360,000 after acquiring an additional 975 shares during the period. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 1.0 %

Shares of KLA stock traded up $6.91 during trading on Friday, hitting $673.07. 955,127 shares of the company were exchanged, compared to its average volume of 990,266. The firm has a market capitalization of $90.18 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. KLA Co. has a 1-year low of $452.01 and a 1-year high of $896.32. The firm’s fifty day moving average price is $757.70 and its 200 day moving average price is $763.21. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

KLA (NASDAQ:KLAC) last released 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. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business posted $5.40 EPS. KLA’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that KLA Co. will post 29.07 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 28.57%.

Insider Activity

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 4,231 shares in the company, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,873 shares of company stock worth $14,532,193 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their target price on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Oppenheimer initiated coverage on KLA in a report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 target price on the stock. TD Cowen increased their target price on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Barclays increased their target price on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus increased their target price on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $804.57.

About KLA

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.