Albert D Mason Inc. Cuts Stock Holdings in KLA Co. (NASDAQ:KLAC)

Albert D Mason Inc. lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,232 shares of the semiconductor company’s stock after selling 29 shares during the period. KLA makes up approximately 1.1% of Albert D Mason Inc.’s portfolio, making the stock its 27th biggest holding. Albert D Mason Inc.’s holdings in KLA were worth $1,729,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KLAC. Cedar Wealth Management LLC increased its position in shares of KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares in the last quarter. Family Firm Inc. acquired a new stake in KLA during the 2nd quarter valued at $30,000. 1620 Investment Advisors Inc. acquired a new stake in KLA during the 2nd quarter valued at $44,000. LRI Investments LLC acquired a new stake in KLA during the 1st quarter valued at $45,000. Finally, Olistico Wealth LLC acquired a new stake in KLA during the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. The Goldman Sachs Group raised their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group lowered their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their price objective on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Oppenheimer began coverage on shares of KLA in a report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

KLA Trading Down 0.5 %

Shares of NASDAQ:KLAC opened at $670.08 on Wednesday. The company has a market cap of $90.22 billion, a PE ratio of 35.10, a P/E/G ratio of 1.60 and a beta of 1.27. The company’s 50-day moving average price is $766.62 and its 200 day moving average price is $764.72. KLA Co. has a fifty-two week low of $452.01 and a fifty-two week high of $896.32. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last issued 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. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $5.40 EPS. Sell-side analysts anticipate that KLA Co. will post 29.13 earnings per share for the current year.

KLA Announces Dividend

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

Insiders Place Their Bets

In other KLA news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction dated 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 directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing 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 that occurred 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 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 document filed with the SEC, which is accessible through this link. Also, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by corporate insiders.

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.