Thoroughbred Financial Services LLC Buys 374 Shares of KLA Corporation $KLAC

Thoroughbred Financial Services LLC grew its position in shares of KLA Corporation (NASDAQ:KLAC) by 18.3% during the third quarter, Holdings Channel reports. The fund owned 2,419 shares of the semiconductor company’s stock after purchasing an additional 374 shares during the period. Thoroughbred Financial Services LLC’s holdings in KLA were worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KLAC. Arkadios Wealth Advisors increased its position in KLA by 7.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,157 shares of the semiconductor company’s stock valued at $1,932,000 after buying an additional 146 shares in the last quarter. Elyxium Wealth LLC grew its stake in shares of KLA by 3.4% in the second quarter. Elyxium Wealth LLC now owns 672 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 22 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of KLA by 37.3% during the second quarter. NewSquare Capital LLC now owns 103 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 28 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of KLA by 17.9% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 51,777 shares of the semiconductor company’s stock worth $46,377,000 after purchasing an additional 7,857 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in KLA by 16.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 541 shares of the semiconductor company’s stock worth $485,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 2,254 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $1,237.01, for a total transaction of $2,788,220.54. Following the completion of the transaction, the chief financial officer owned 32,154 shares in the company, valued at $39,774,819.54. The trade was a 6.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 91.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Susquehanna restated a “neutral” rating and set a $1,500.00 target price on shares of KLA in a research note on Monday, January 12th. JPMorgan Chase & Co. increased their price objective on shares of KLA from $1,070.00 to $1,485.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Zacks Research upgraded shares of KLA from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Oppenheimer boosted their target price on shares of KLA from $1,400.00 to $1,800.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group increased their price target on KLA from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,601.04.

KLA Trading Up 2.7%

KLA stock opened at $1,546.68 on Thursday. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $1,693.35. The firm’s 50 day moving average price is $1,416.25 and its 200-day moving average price is $1,194.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.00. The stock has a market cap of $202.74 billion, a P/E ratio of 45.00, a PEG ratio of 3.04 and a beta of 1.47.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $8.85 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.10. KLA had a return on equity of 98.18% and a net margin of 35.76%.The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company earned $8.20 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts predict that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $1.90 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.5%. KLA’s payout ratio is currently 22.11%.

KLA Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.