KLA Co. (NASDAQ:KLAC) Shares Purchased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. grew its stake in KLA Co. (NASDAQ:KLAC) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,758 shares of the semiconductor company’s stock after buying an additional 190 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in KLA were worth $3,685,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KLAC. Capital Market Strategies LLC raised its position in KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC increased its position in shares of KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 13 shares during the last quarter. HBW Advisory Services LLC increased its position in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 14 shares during the last quarter. TIAA Trust National Association raised its position in KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after purchasing an additional 14 shares during the period. Finally, United Community Bank raised its holdings in shares of KLA by 4.0% in the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 15 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the business’s 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’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 sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. 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 currently owned by company insiders.

Analyst Ratings Changes

KLAC has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Argus increased their price objective on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group raised their price target on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Susquehanna cut their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $804.57.

KLA Stock Performance

KLAC stock opened at $673.07 on Friday. The company has a market capitalization of $90.18 billion, a P/E ratio of 33.16, a PEG ratio of 1.69 and a beta of 1.27. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The company has a 50-day simple moving average of $757.70 and a 200 day simple moving average of $763.21. KLA Co. has a fifty-two week low of $452.01 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $5.40 earnings per share. Sell-side analysts predict that KLA Co. will post 29.07 earnings per share for the current fiscal year.

KLA Dividend Announcement

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

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.