Boyd Watterson Asset Management LLC OH Sells 23 Shares of KLA Co. (NASDAQ:KLAC)

Boyd Watterson Asset Management LLC OH lowered its holdings in KLA Co. (NASDAQ:KLAC) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 286 shares of the semiconductor company’s stock after selling 23 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in KLA were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. Cedar Wealth Management LLC grew its stake in KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares during the last quarter. Family Firm Inc. bought a new stake in shares of KLA during the second quarter valued at approximately $30,000. 1620 Investment Advisors Inc. bought a new stake in shares of KLA during the second quarter valued at approximately $44,000. LRI Investments LLC bought a new stake in shares of KLA during the first quarter valued at approximately $45,000. Finally, Olistico Wealth LLC bought a new stake in shares of KLA during the second quarter valued at approximately $53,000. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Argus increased their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI increased their target price on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Barclays increased their price objective on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

KLA Stock Performance

Shares of KLA stock opened at $680.59 on Thursday. The company has a 50 day moving average of $764.03 and a 200-day moving average of $764.02. The company has a market cap of $91.63 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. KLA Co. has a 1-year low of $452.01 and a 1-year 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.

KLA (NASDAQ:KLAC) last released its quarterly earnings data 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. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company earned $5.40 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company 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. This represents a $5.80 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Transactions at KLA

In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This 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 can be accessed through the SEC website. In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This 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 can be accessed through the SEC website. Also, 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 transaction of $536,118.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,873 shares of company stock worth $14,532,193 over the last three months. 0.12% of the stock is owned by company insiders.

KLA Company 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.