Greenwich Wealth Management LLC Buys 996 Shares of KLA Co. (NASDAQ:KLAC)

Greenwich Wealth Management LLC raised its position in KLA Co. (NASDAQ:KLAC) by 260.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,378 shares of the semiconductor company’s stock after purchasing an additional 996 shares during the period. Greenwich Wealth Management LLC’s holdings in KLA were worth $1,067,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KLAC. Capital Market Strategies LLC raised its holdings in shares of KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC raised its position in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares during the last quarter. HBW Advisory Services LLC lifted its stake in KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 14 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after purchasing an additional 14 shares during the last quarter. Finally, United Community Bank lifted its position in shares of KLA by 4.0% during the first quarter. United Community Bank now owns 390 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 15 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. The Goldman Sachs Group increased their target price on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus upped their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Citigroup decreased their target price on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, UBS Group cut their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $802.90.

Insider Buying and Selling at KLA

In other news, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the transaction, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at $6,063,876.66. 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 at this hyperlink. In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction that occurred on Monday, August 5th. The stock was 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 approximately $6,063,876.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,873 shares of company stock valued at $14,532,193. Insiders own 0.12% of the company’s stock.

KLA Stock Up 0.5 %

KLA stock traded up $3.15 during mid-day trading on Friday, hitting $669.38. The company had a trading volume of 906,447 shares, compared to its average volume of 947,503. KLA Co. has a 12 month low of $484.33 and a 12 month high of $896.32. The company has a market capitalization of $89.68 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.27. The stock’s 50 day moving average price is $744.15 and its two-hundred day moving average price is $762.89. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 108.40% and a net margin of 28.92%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company earned $5.74 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that KLA Co. will post 29.07 earnings per share for the current fiscal year.

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.