Transcend Capital Advisors LLC Sells 29 Shares of KLA Co. (NASDAQ:KLAC)

Transcend Capital Advisors LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 872 shares of the semiconductor company’s stock after selling 29 shares during the quarter. Transcend Capital Advisors LLC’s holdings in KLA were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC lifted its holdings in shares of KLA by 5.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 732 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 35 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of KLA by 15.4% during the third quarter. Commonwealth Equity Services LLC now owns 30,558 shares of the semiconductor company’s stock valued at $14,016,000 after buying an additional 4,089 shares during the period. Colton Groome Financial Advisors LLC bought a new position in shares of KLA during the third quarter valued at approximately $832,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of KLA by 0.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 94,420 shares of the semiconductor company’s stock worth $43,307,000 after buying an additional 790 shares during the period. Finally, Xponance Inc. raised its holdings in shares of KLA by 0.3% in the third quarter. Xponance Inc. now owns 32,152 shares of the semiconductor company’s stock worth $14,747,000 after buying an additional 82 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KLAC has been the topic of several research analyst reports. Bank of America upped their price objective on KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Friday. Stifel Nicolaus lifted their price objective on shares of KLA from $685.00 to $760.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group upped their target price on shares of KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, TD Cowen raised their target price on shares of KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research report on Friday. One 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $722.26.

KLA Trading Up 1.1 %

Shares of KLA stock opened at $713.93 on Tuesday. The firm’s 50 day simple moving average is $686.46 and its two-hundred day simple moving average is $603.00. The firm has a market capitalization of $96.54 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 3.52 and a beta of 1.34. KLA Co. has a 12-month low of $369.66 and a 12-month high of $729.15. 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) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company earned $5.49 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Analysts predict that KLA Co. will post 22.61 EPS for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio is presently 30.38%.

Insider Activity at KLA

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares in the company, valued at approximately $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the transaction, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

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.