Commerzbank Aktiengesellschaft FI Purchases 217 Shares of KLA Co. (NASDAQ:KLAC)

Commerzbank Aktiengesellschaft FI lifted its position in KLA Co. (NASDAQ:KLAC) by 44.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 710 shares of the semiconductor company’s stock after acquiring an additional 217 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in KLA were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KLAC. Dynamic Advisor Solutions LLC increased its stake in KLA by 16.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,245 shares of the semiconductor company’s stock worth $1,568,000 after buying an additional 316 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in KLA during the 1st quarter valued at about $280,000. Sunbelt Securities Inc. increased its position in KLA by 24.1% during the 1st quarter. Sunbelt Securities Inc. now owns 422 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 82 shares during the period. Brookstone Capital Management increased its position in KLA by 24.5% during the 1st quarter. Brookstone Capital Management now owns 467 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 92 shares during the period. Finally, DGS Capital Management LLC increased its position in KLA by 76.0% during the 1st quarter. DGS Capital Management LLC now owns 632 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 273 shares during the period. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KLAC shares. TD Cowen lifted their price objective on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Citigroup cut 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. UBS Group lowered their target price 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. The Goldman Sachs Group lifted their price objective 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. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $804.57.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 value of $536,118.00. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction on 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 transaction, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,873 shares of company stock worth $14,532,193 over the last three months. Insiders own 0.12% of the company’s stock.

KLA Stock Down 0.8 %

Shares of KLAC opened at $664.63 on Thursday. The stock has a market capitalization of $89.49 billion, a PE ratio of 34.82, a P/E/G 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 debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The company’s 50-day simple moving average is $764.03 and its 200-day simple moving average is $764.02.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm earned $5.40 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.87%. KLA’s payout ratio is 30.38%.

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.