KLA Co. (NASDAQ:KLAC) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC lessened its position in KLA Co. (NASDAQ:KLAC) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,135 shares of the semiconductor company’s stock after selling 119 shares during the quarter. Bogart Wealth LLC’s holdings in KLA were worth $3,977,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KLAC. Jackson Wealth Management LLC boosted its position in KLA by 74.8% in the 3rd quarter. Jackson Wealth Management LLC now owns 22,293 shares of the semiconductor company’s stock valued at $17,264,000 after buying an additional 9,543 shares during the period. Lafayette Investments Inc. raised its stake in shares of KLA by 0.5% in the third quarter. Lafayette Investments Inc. now owns 19,608 shares of the semiconductor company’s stock valued at $15,185,000 after acquiring an additional 90 shares in the last quarter. Greystone Financial Group LLC boosted its holdings in KLA by 1.5% in the third quarter. Greystone Financial Group LLC now owns 1,206 shares of the semiconductor company’s stock valued at $934,000 after purchasing an additional 18 shares during the period. Beese Fulmer Investment Management Inc. acquired a new position in KLA during the 3rd quarter worth $14,860,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in KLA by 27.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 7,666 shares of the semiconductor company’s stock worth $5,937,000 after purchasing an additional 1,668 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent research reports. Evercore ISI upped their target price on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company dropped their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, Susquehanna cut their price target on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

Insiders Place Their Bets

In other 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 transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $649.84, for a total value of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $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 quarter, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by insiders.

KLA Stock Performance

Shares of NASDAQ:KLAC traded up $1.36 on Thursday, reaching $665.99. The company’s stock had a trading volume of 296,343 shares, compared to its average volume of 933,869. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50. KLA Co. has a 52-week low of $452.01 and a 52-week high of $896.32. The stock’s 50-day moving average is $764.03 and its two-hundred day moving average is $764.02. The stock has a market capitalization of $89.67 billion, a P/E ratio of 34.82, a PEG ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its earnings results 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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $5.40 EPS. The company’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 disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.87%. KLA’s dividend payout ratio is currently 30.38%.

KLA Company 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.