International Assets Investment Management LLC Acquires 301,987 Shares of KLA Co. (NASDAQ:KLAC)

International Assets Investment Management LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 76,452.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,382 shares of the semiconductor company’s stock after acquiring an additional 301,987 shares during the quarter. International Assets Investment Management LLC owned about 0.22% of KLA worth $234,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Monte Financial Group LLC raised its stake in shares of KLA by 1.5% during the 3rd quarter. Monte Financial Group LLC now owns 1,686 shares of the semiconductor company’s stock valued at $1,306,000 after purchasing an additional 25 shares during the period. TFG Advisers LLC grew its holdings in KLA by 1.6% during the 3rd quarter. TFG Advisers LLC now owns 2,101 shares of the semiconductor company’s stock valued at $1,627,000 after buying an additional 33 shares in the last quarter. Greenleaf Trust increased its position in shares of KLA by 5.0% during the third quarter. Greenleaf Trust now owns 4,151 shares of the semiconductor company’s stock valued at $3,215,000 after buying an additional 198 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of KLA by 44.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 710 shares of the semiconductor company’s stock worth $550,000 after buying an additional 217 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its position in shares of KLA by 21.1% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 500 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Up 0.2 %

NASDAQ KLAC opened at $666.16 on Friday. The stock has a 50-day moving average of $764.03 and a 200-day moving average of $764.02. 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 Co. has a 1-year low of $452.01 and a 1-year high of $896.32. The firm has a market cap 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 announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company posted $5.40 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that KLA Co. will post 29.13 EPS for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Buying and Selling at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the transaction, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. 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 is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA 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 sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $2,749,473.04. 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 worth $14,532,193. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Barclays lifted their price objective on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Oppenheimer assumed coverage on KLA in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 target price on the stock. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Finally, Citigroup decreased their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.