KLA Co. (NASDAQ:KLAC) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 12.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 443 shares of the semiconductor company’s stock after selling 63 shares during the period. Interchange Capital Partners LLC’s holdings in KLA were worth $344,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Swedbank AB raised its position in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Community Financial Services Group LLC raised its holdings in shares of KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank lifted its position in shares of KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Norden Group LLC increased its position in shares of KLA by 1,579.3% during the first quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock worth $4,589,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Sei Investments Co. raised its stake in KLA by 16.0% in the 1st quarter. Sei Investments Co. now owns 76,951 shares of the semiconductor company’s stock valued at $53,756,000 after purchasing an additional 10,594 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Activity

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction on Monday, August 5th. The shares were 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 owns 4,231 shares in the company, valued at $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business’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 completion of the transaction, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,873 shares of company stock worth $14,532,193. Corporate insiders own 0.12% of the company’s stock.

KLA Stock Up 0.7 %

Shares of KLAC stock traded up $4.40 on Friday, reaching $670.63. 149,494 shares of the stock were exchanged, compared to its average volume of 943,737. KLA Co. has a twelve month low of $484.33 and a twelve month high of $896.32. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $89.85 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.75 and a beta of 1.27. The business’s 50 day moving average price is $747.12 and its 200 day moving average price is $762.96.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 108.40% and a net margin of 28.92%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.74 EPS. As a group, sell-side analysts expect that KLA Co. will post 29.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $750.00 to $850.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday. Argus upped their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Nine 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, the company currently has an average rating of “Moderate Buy” and an average target price of $802.90.

KLA Profile

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.