KLA Co. (NASDAQ:KLAC – Get Free Report) CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total value of $10,039,269.67. Following the completion of the sale, the chief executive officer now owns 93,142 shares in the company, valued at approximately $66,748,351.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
KLA Price Performance
Shares of NASDAQ:KLAC traded down $6.48 during trading on Thursday, reaching $710.67. The company had a trading volume of 976,033 shares, compared to its average volume of 953,193. KLA Co. has a 12 month low of $380.50 and a 12 month high of $729.15. The company has a fifty day moving average of $690.33 and a two-hundred day moving average of $612.86. The stock has a market capitalization of $95.68 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.33. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90.
KLA (NASDAQ:KLAC – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating the consensus estimate of $4.94 by $0.32. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.49 EPS. Equities research analysts forecast that KLA Co. will post 23.24 earnings per share for the current year.
KLA Announces Dividend
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of KLAC. United Community Bank grew its holdings in shares of KLA by 4.0% in the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 15 shares during the last quarter. Greystone Financial Group LLC increased its holdings in KLA by 1.4% during the 1st quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company’s stock valued at $819,000 after purchasing an additional 16 shares during the period. Journey Advisory Group LLC raised its position in KLA by 3.2% during the 4th quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock valued at $301,000 after purchasing an additional 16 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after buying an additional 17 shares during the period. Finally, West Paces Advisors Inc. grew its position in shares of KLA by 8.8% in the 4th quarter. West Paces Advisors Inc. now owns 210 shares of the semiconductor company’s stock worth $122,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Wall Street Analyst Weigh In
KLAC has been the subject of a number of research analyst reports. Barclays boosted their price objective on KLA from $550.00 to $630.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Morgan Stanley boosted their price objective on KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Cantor Fitzgerald boosted their price target on shares of KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Friday, April 26th. Finally, Stifel Nicolaus increased their target price on shares of KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $722.26.
Check Out Our Latest Stock Report on KLAC
About KLA
KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.
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