Bank Hapoalim BM Sells 2,104 Shares of KLA Co. (NASDAQ:KLAC)

Bank Hapoalim BM lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 12.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,177 shares of the semiconductor company’s stock after selling 2,104 shares during the quarter. KLA makes up 1.8% of Bank Hapoalim BM’s holdings, making the stock its 18th biggest holding. Bank Hapoalim BM’s holdings in KLA were worth $11,753,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new position in KLA in the 1st quarter valued at approximately $238,000. Norden Group LLC increased its holdings in KLA by 1,579.3% in the first quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company’s stock valued at $4,589,000 after purchasing an additional 6,175 shares during the period. Advisor Resource Council bought a new position in KLA during the 1st quarter worth $365,000. First Trust Direct Indexing L.P. lifted its holdings in KLA by 12.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,467 shares of the semiconductor company’s stock worth $2,422,000 after buying an additional 371 shares during the period. Finally, Veracity Capital LLC bought a new stake in shares of KLA in the 1st quarter valued at about $230,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday. Susquehanna dropped their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. The Goldman Sachs Group lifted their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $805.29.

Insider Buying and Selling

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the transaction, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the sale, 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 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 the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total value 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 approximately $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is owned by corporate insiders.

KLA Stock Down 2.5 %

KLA stock opened at $674.64 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The firm’s fifty day moving average price is $749.77 and its two-hundred day moving average price is $763.63. The firm has a market capitalization of $90.83 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. KLA Co. has a 1-year low of $453.50 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.74 EPS. On average, equities research analysts predict that KLA Co. will post 29.07 earnings per share for the current fiscal year.

About KLA

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.