Elo Mutual Pension Insurance Co Sells 503 Shares of KLA Co. (NASDAQ:KLAC)

Elo Mutual Pension Insurance Co lessened its position in shares of KLA Co. (NASDAQ:KLAC) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,409 shares of the semiconductor company’s stock after selling 503 shares during the period. Elo Mutual Pension Insurance Co’s holdings in KLA were worth $10,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. 9258 Wealth Management LLC bought a new stake in shares of KLA during the 4th quarter valued at about $210,000. Avantax Advisory Services Inc. grew its position in shares of KLA by 9.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,393 shares of the semiconductor company’s stock worth $810,000 after buying an additional 118 shares during the period. Great Lakes Advisors LLC increased its stake in shares of KLA by 13.6% in the 4th quarter. Great Lakes Advisors LLC now owns 1,164 shares of the semiconductor company’s stock valued at $677,000 after acquiring an additional 139 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of KLA by 10.2% during the 4th quarter. Financial Advocates Investment Management now owns 705 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 65 shares during the period. Finally, Gladstone Institutional Advisory LLC bought a new position in KLA during the fourth quarter worth $936,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $739.60 on Wednesday. The stock has a 50 day moving average of $779.79 and a 200 day moving average of $754.41. The company has a market capitalization of $99.58 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.49 and a beta of 1.28. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32. 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 (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $5.40 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that KLA Co. will post 29.09 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.78%. KLA’s payout ratio is 30.38%.

Insider Buying and Selling

In other KLA news, EVP Brian Lorig sold 44 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the transaction, the executive vice president now owns 14,211 shares in the company, valued at $11,644,493.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Brian Lorig sold 44 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the sale, the executive vice president now directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction dated 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 directly owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,917 shares of company stock valued at $14,568,247. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KLAC shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $950.00 price target on shares of KLA in a research note on Thursday, July 25th. Stifel Nicolaus boosted their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Citigroup cut their price target on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday. Barclays raised their price objective on KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Finally, UBS Group lowered their target price on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $812.80.

KLA 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.