5,670 Shares in KLA Corporation $KLAC Acquired by RD Finance Ltd

RD Finance Ltd bought a new stake in KLA Corporation (NASDAQ:KLAC) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 5,670 shares of the semiconductor company’s stock, valued at approximately $1,105,000. KLA comprises approximately 1.0% of RD Finance Ltd’s holdings, making the stock its 19th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in KLA by 36.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 16 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in shares of KLA in the second quarter valued at about $27,000. McIlrath & Eck LLC raised its position in shares of KLA by 6.8% in the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 6 shares during the last quarter. Roble Belko & Company Inc raised its position in shares of KLA by 2,275.0% in the second quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 91 shares during the last quarter. Finally, Atomic Invest LLC lifted its stake in shares of KLA by 781.8% in the second quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company’s stock worth $27,000 after buying an additional 86 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KLAC. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $195.00 price target (down from $220.00) on shares of KLA in a research report on Wednesday, July 29th. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price objective on shares of KLA in a report on Wednesday, July 29th. Oppenheimer reissued an “outperform” rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. Wells Fargo & Company set a $245.00 target price on shares of KLA and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 target price (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.26.

KLA Stock Up 2.5%

Shares of KLAC opened at $149.21 on Tuesday. KLA Corporation has a 52-week low of $107.20 and a 52-week high of $307.37. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $182.43 and a two-hundred day simple moving average of $181.30. The company has a market capitalization of $194.72 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 1.29 and a beta of 1.45.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, equities analysts forecast that KLA Corporation will post 5.43 EPS for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.23 per share. The ex-dividend date was Monday, August 17th. This is an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. KLA’s dividend payout ratio (DPR) is 25.07%.

Insider Activity

In other KLA news, CAO Virendra Kirloskar sold 4,504 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the transaction, the chief accounting officer directly owned 7,972 shares in the company, valued at $1,558,526. The trade was a 36.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard P. Wallace sold 72,019 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the completion of the transaction, the chief executive officer owned 706,925 shares in the company, valued at $121,506,269. The trade was a 9.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 243,339 shares of company stock valued at $46,903,454 in the last ninety days. 79.39% of the stock is currently owned by company insiders.

About KLA

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.