V Square Quantitative Management LLC Buys 155 Shares of KLA Co. (NASDAQ:KLAC)

by · The Markets Daily

V Square Quantitative Management LLC grew its stake in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,422 shares of the semiconductor company’s stock after purchasing an additional 155 shares during the period. V Square Quantitative Management LLC’s holdings in KLA were worth $1,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB bought a new stake in shares of KLA during the first quarter valued at approximately $379,678,000. Van ECK Associates Corp lifted its position in KLA by 25.7% during the first quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after buying an additional 211,227 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of KLA by 2,205.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after buying an additional 192,849 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of KLA by 136.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock worth $214,667,000 after buying an additional 178,474 shares during the period. Finally, Findlay Park Partners LLP increased its stake in shares of KLA by 56.2% in the 1st quarter. Findlay Park Partners LLP now owns 302,782 shares of the semiconductor company’s stock worth $211,514,000 after acquiring an additional 108,900 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Activity at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by company insiders.

KLA Trading Up 1.2 %

Shares of NASDAQ:KLAC opened at $678.52 on Friday. The stock’s 50-day simple moving average is $770.77 and its two-hundred day simple moving average is $763.84. The stock has a market capitalization of $91.36 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.60 and a beta of 1.27. KLA Co. has a 52-week low of $452.01 and a 52-week high of $896.32. 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.40 EPS. Analysts expect that KLA Co. will post 29.13 EPS for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.85%. KLA’s payout ratio is currently 30.38%.

Analysts Set New Price Targets

Several research firms recently commented on KLAC. UBS Group dropped their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Evercore ISI lifted their price objective on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, Barclays lifted their price target on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $804.57.

Get Our Latest Report on KLA

KLA Company Profile

(Free Report)

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.

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