KLA Co. (NASDAQ:KLAC) Shares Sold by Bank of Stockton

Bank of Stockton cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,446 shares of the semiconductor company’s stock after selling 273 shares during the period. KLA makes up about 1.0% of Bank of Stockton’s investment portfolio, making the stock its 19th largest holding. Bank of Stockton’s holdings in KLA were worth $3,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC bought a new stake in KLA during the first quarter worth approximately $280,000. Sunbelt Securities Inc. raised its stake in shares of KLA by 24.1% in the 1st quarter. Sunbelt Securities Inc. now owns 422 shares of the semiconductor company’s stock worth $295,000 after buying an additional 82 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of KLA by 24.5% in the first quarter. Brookstone Capital Management now owns 467 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 92 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in KLA by 66.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 709 shares of the semiconductor company’s stock valued at $495,000 after buying an additional 283 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in KLA by 3.0% during the first quarter. Kathmere Capital Management LLC now owns 812 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 24 shares during the period. 86.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction that occurred on 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 directly owns 9,298 shares in the company, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 9,298 shares in the company, valued at $6,063,876.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,873 shares of company stock worth $14,532,193. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research analyst reports. TD Cowen raised their price objective on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. The Goldman Sachs Group raised their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup reduced their price objective on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $804.57.

KLA Stock Up 1.7 %

KLA stock traded up $11.55 during trading hours on Friday, hitting $677.71. The company had a trading volume of 197,079 shares, compared to its average volume of 933,152. The firm’s fifty day moving average is $764.03 and its 200-day moving average is $764.02. The firm has a market capitalization of $91.25 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. KLA Co. has a fifty-two week low of $452.01 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.50.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $5.40 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts forecast that KLA Co. will post 29.13 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.86%. KLA’s payout ratio is 30.38%.

KLA Company Profile

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.