Global Trust Asset Management LLC Sells 49 Shares of KLA Co. (NASDAQ:KLAC)

Global Trust Asset Management LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 7.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 598 shares of the semiconductor company’s stock after selling 49 shares during the quarter. Global Trust Asset Management LLC’s holdings in KLA were worth $463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in KLA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after purchasing an additional 76,226 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after purchasing an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after purchasing an additional 71,289 shares in the last quarter. Legal & General Group Plc increased its stake in KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after purchasing an additional 21,412 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of KLA by 7.9% in the second quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock worth $917,970,000 after acquiring an additional 81,335 shares during the period. 86.65% of the stock is currently owned by institutional investors.

KLA Price Performance

KLAC stock opened at $666.16 on Friday. KLA Co. has a one year low of $452.01 and a one year high of $896.32. The company’s fifty day moving average price is $764.03 and its 200-day moving average price is $764.02. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The company has a market capitalization of $89.69 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm earned $5.40 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that KLA Co. will post 29.13 EPS for the current fiscal year.

KLA Dividend Announcement

The business 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. This represents a $5.80 annualized dividend and a dividend yield of 0.87%. 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 business’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 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 document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s 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 owns 105,329 shares in the company, valued at $74,257,998.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,873 shares of company stock valued at $14,532,193. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group reduced their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Oppenheimer assumed coverage on shares of KLA in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 price target for the company. Susquehanna reduced their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. TD Cowen lifted their price target on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays lifted their price target on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research note 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. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus target price 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.