KLA Co. (NASDAQ:KLAC) Shares Bought by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC grew its holdings in KLA Co. (NASDAQ:KLAC) by 9.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 398 shares of the semiconductor company’s stock after buying an additional 35 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in KLA were worth $300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Market Strategies LLC raised its holdings in KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC grew its position in shares of KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 13 shares in the last quarter. HBW Advisory Services LLC increased its holdings in shares of KLA by 2.6% in the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 14 shares during the last quarter. TIAA Trust National Association lifted its position in KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares in the last quarter. Finally, United Community Bank boosted its stake in KLA by 4.0% during the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after buying an additional 15 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 14.7 %

NASDAQ:KLAC traded down $121.93 during midday trading on Tuesday, reaching $707.72. The company had a trading volume of 2,867,980 shares, compared to its average volume of 926,091. KLA Co. has a 12-month low of $452.01 and a 12-month high of $896.32. The firm has a market capitalization of $95.29 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 1.60 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The stock’s fifty day simple moving average is $774.25 and its 200-day simple moving average is $765.24.

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

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.82%. KLA’s payout ratio is 30.38%.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at $6,063,876.66. The trade was 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 at this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,873 shares of company stock valued at $14,532,193. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KLAC shares. JPMorgan Chase & Co. lifted their price target on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. TD Cowen boosted their target price on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a report on Thursday, July 25th. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. The Goldman Sachs Group lifted their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Citigroup decreased their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, KLA has a consensus 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.