Choreo LLC Buys 2,411 Shares of KLA Co. (NASDAQ:KLAC)

Choreo LLC increased its stake in KLA Co. (NASDAQ:KLAC) by 62.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,243 shares of the semiconductor company’s stock after purchasing an additional 2,411 shares during the quarter. Choreo LLC’s holdings in KLA were worth $5,166,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KLAC. Frazier Financial Advisors LLC bought a new stake in shares of KLA in the fourth quarter valued at $26,000. Cedar Wealth Management LLC increased its holdings in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares during the last quarter. DSM Capital Partners LLC bought a new stake in KLA in the 4th quarter valued at about $28,000. Family Firm Inc. purchased a new stake in KLA during the second quarter valued at about $30,000. Finally, Jones Financial Companies Lllp boosted its position in KLA by 2,033.3% during the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Raymond James raised their price target on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. TD Cowen boosted their price objective on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Barclays raised their target price on KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, Citigroup decreased their price target on KLA from $990.00 to $960.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $805.29.

KLA Price Performance

Shares of KLA stock opened at $709.89 on Tuesday. The firm has a market capitalization of $95.58 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32. The business’s 50-day moving average price is $794.18 and its 200-day moving average price is $752.16.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.15 by $0.45. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.40 earnings per share. Sell-side analysts forecast that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio is presently 30.38%.

Insider Buying and Selling at KLA

In other news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction dated Monday, August 5th. The stock was 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 in the company, valued at $2,749,473.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other KLA news, EVP Brian Lorig sold 44 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total value of $36,053.60. Following the sale, the executive vice president now owns 14,211 shares of the company’s stock, valued at approximately $11,644,493.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the company’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 of the company’s stock, valued at $2,749,473.04. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock worth $14,568,247 over the last three months. Company insiders own 0.12% of the company’s stock.

KLA Company Profile

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.