KLA Co. (NASDAQ:KLAC – Get Rating) EVP Mary Beth Wilkinson sold 3,155 shares of KLA stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $320.34, for a total value of $1,010,672.70. Following the sale, the executive vice president now directly owns 12,228 shares in the company, valued at $3,917,117.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
KLA Stock Performance
Shares of NASDAQ KLAC traded down $5.47 during midday trading on Friday, hitting $307.60. 1,807,172 shares of the company’s stock were exchanged, compared to its average volume of 1,490,648. The company has a debt-to-equity ratio of 4.76, a current ratio of 2.50 and a quick ratio of 1.75. The stock’s 50 day moving average price is $357.57 and its 200-day moving average price is $343.74. The firm has a market cap of $43.62 billion, a P/E ratio of 13.88, a PEG ratio of 1.05 and a beta of 1.35. KLA Co. has a twelve month low of $282.83 and a twelve month high of $457.12.
KLA (NASDAQ:KLAC – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.46 by $0.35. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. KLA had a return on equity of 95.80% and a net margin of 36.06%. The business’s revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.43 earnings per share. Equities research analysts anticipate that KLA Co. will post 24.65 EPS for the current year.
KLA Increases Dividend
KLA announced that its board has authorized a share repurchase program on Thursday, June 16th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 12.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Analyst Ratings Changes
KLAC has been the topic of a number of analyst reports. KeyCorp lifted their target price on KLA from $375.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. The Goldman Sachs Group lowered their price objective on KLA from $437.00 to $344.00 in a report on Friday, July 15th. Evercore ISI set a $425.00 price objective on KLA in a report on Monday, June 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on KLA from $425.00 to $385.00 in a report on Monday, July 18th. Finally, Piper Sandler lowered their price objective on KLA from $385.00 to $352.00 and set a “neutral” rating for the company in a report on Thursday, May 26th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $424.16.
Institutional Investors Weigh In On KLA
Institutional investors have recently added to or reduced their stakes in the company. Pacifica Partners Inc. acquired a new stake in KLA in the second quarter worth approximately $27,000. Capital Asset Advisory Services LLC acquired a new stake in KLA in the second quarter worth approximately $30,000. Wellington Shields & Co. LLC acquired a new stake in KLA in the second quarter worth approximately $32,000. Win Advisors Inc. increased its holdings in shares of KLA by 61.4% in the second quarter. Win Advisors Inc. now owns 113 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 43 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of KLA in the second quarter valued at $33,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.
KLA Company Profile
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
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