MorganRosel Wealth Management LLC Lowers Holdings in KLA Co. (NASDAQ:KLAC)

MorganRosel Wealth Management LLC trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,616 shares of the semiconductor company’s stock after selling 50 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in KLA were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GLOBALT Investments LLC GA purchased a new stake in shares of KLA in the 4th quarter worth $2,254,000. Beacon Financial Group purchased a new stake in KLA in the fourth quarter worth about $225,000. Syon Capital LLC increased its position in KLA by 28.3% in the fourth quarter. Syon Capital LLC now owns 1,482 shares of the semiconductor company’s stock worth $862,000 after buying an additional 327 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of KLA in the fourth quarter worth about $73,000. Finally, Wellington Management Group LLP grew its stake in shares of KLA by 12.2% during the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after acquiring an additional 386,810 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of analyst reports. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Argus increased their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a report on Friday, July 26th. TD Cowen lifted their target price on KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Susquehanna cut their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday. Finally, Oppenheimer began coverage on shares of KLA in a research note on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $804.57.

KLA Stock Up 0.7 %

Shares of NASDAQ KLAC opened at $803.73 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The company has a market cap of $108.21 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. KLA Co. has a 12-month low of $452.01 and a 12-month high of $896.32. The firm’s 50-day simple moving average is $771.73 and its 200 day simple moving average is $763.84.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating the consensus estimate of $6.15 by $0.45. The firm had revenue of $2.57 billion during 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%. The business’s quarterly revenue 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. On average, research analysts expect that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of the firm’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 approximately $2,749,473.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 825 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,873 shares of company stock worth $14,532,193. Company insiders own 0.12% of the company’s stock.

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.