KLA Co. (NASDAQ:KLAC) Shares Sold by Leuthold Group LLC

Leuthold Group LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 35.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,683 shares of the semiconductor company’s stock after selling 4,773 shares during the quarter. Leuthold Group LLC’s holdings in KLA were worth $6,724,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KLAC. Swedbank AB acquired a new position in KLA in the 1st quarter valued at $379,678,000. International Assets Investment Management LLC boosted its holdings in shares of KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after acquiring an additional 235,597 shares during the period. Van ECK Associates Corp increased its stake in shares of KLA by 25.7% during the first quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock worth $720,936,000 after acquiring an additional 211,227 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after purchasing an additional 192,849 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

KLA stock opened at $680.00 on Monday. The firm’s 50-day moving average is $757.70 and its two-hundred day moving average is $764.22. 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 stock has a market capitalization of $91.56 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.69 and a beta of 1.27. KLA Co. has a 12-month low of $452.03 and a 12-month high of $896.32.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. This trade represents 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. In related news, CEO Richard P. Wallace sold 17,437 shares of KLA 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 sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. 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 accessible through this link. 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 transaction of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,873 shares of company stock valued at $14,532,193. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Argus raised their target price on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer assumed coverage on shares of KLA in a research note on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price target on the stock. Barclays raised their price objective on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group upped their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $804.57.

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.