453 Shares in KLA Co. (NASDAQ:KLAC) Acquired by San Luis Wealth Advisors LLC

by · The Cerbat Gem

San Luis Wealth Advisors LLC purchased a new position in KLA Co. (NASDAQ:KLAC – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 453 shares of the semiconductor company’s stock, valued at approximately $351,000.

Other large investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in KLA during the 2nd quarter worth $30,000. Cedar Wealth Management LLC grew its position in shares of KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of KLA during the second quarter worth approximately $44,000. LRI Investments LLC acquired a new stake in KLA in the first quarter valued at approximately $46,000. Finally, Olistico Wealth LLC purchased a new position in KLA in the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Citigroup lowered their price objective on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Argus raised their target price on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Susquehanna lowered their price target on KLA from $730.00 to $680.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $804.81.

Check Out Our Latest Research Report on KLAC

KLA Stock Performance

NASDAQ KLAC opened at $797.98 on Friday. The business’s 50-day moving average price is $768.74 and its 200 day moving average price is $762.35. 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 firm has a market cap of $106.91 billion, a P/E ratio of 39.31, a P/E/G ratio of 1.60 and a beta of 1.27. KLA Co. has a 52-week low of $452.01 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC – Get Free Report) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $5.40 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that KLA Co. will post 29.13 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is 28.57%.

Insider Transactions at KLA

In related news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock worth $14,532,193 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

KLA Company Profile

(Free Report)

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.

See Also