Concord Wealth Partners Has $1.04 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Concord Wealth Partners grew its position in KLA Co. (NASDAQ:KLAC) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,345 shares of the semiconductor company’s stock after acquiring an additional 85 shares during the quarter. Concord Wealth Partners’ holdings in KLA were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KLAC. Cedar Wealth Management LLC lifted its position in KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period. Family Firm Inc. acquired a new position in shares of KLA in the 2nd quarter valued at $30,000. 1620 Investment Advisors Inc. bought a new position in shares of KLA during the 2nd quarter worth about $44,000. LRI Investments LLC acquired a new stake in shares of KLA during the 1st quarter valued at about $45,000. Finally, Olistico Wealth LLC bought a new stake in KLA in the second quarter valued at about $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 0.3 %

KLAC stock traded up $1.81 during midday trading on Monday, reaching $674.88. The stock had a trading volume of 224,331 shares, compared to its average volume of 933,389. The firm has a market cap of $90.87 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.69 and a beta of 1.27. KLA Co. has a twelve month low of $452.03 and a twelve month high of $896.32. 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 business has a fifty day simple moving average of $757.70 and a two-hundred day simple moving average of $764.22.

KLA Announces Dividend

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

Analysts Set New Price Targets

KLAC has been the topic of several analyst reports. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. TD Cowen upped their price target on KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Oppenheimer initiated coverage on KLA in a report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price objective for the company. Argus upped their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group lifted their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $804.57.

Insider Buying and Selling

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

About KLA

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.