Armstrong Advisory Group Inc. lowered its position in KLA Co. (NASDAQ:KLAC – Free Report) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67 shares of the semiconductor company’s stock after selling 15 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in KLA were worth $52,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC increased its stake in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after buying an additional 13 shares during the period. McGuire Investment Group LLC grew its holdings in KLA by 10.0% during the 3rd quarter. McGuire Investment Group LLC now owns 275 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 25 shares in the last quarter. Factory Mutual Insurance Co. grew its holdings in KLA by 11.7% during the 3rd quarter. Factory Mutual Insurance Co. now owns 69,052 shares of the semiconductor company’s stock worth $53,475,000 after acquiring an additional 7,252 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in KLA by 204.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,022 shares of the semiconductor company’s stock worth $3,889,000 after acquiring an additional 3,371 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in KLA by 21.7% during the 3rd quarter. Inspire Investing LLC now owns 15,143 shares of the semiconductor company’s stock worth $11,727,000 after acquiring an additional 2,703 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Insider Activity
In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the business’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 owns 9,298 shares of the company’s stock, 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 filing with the SEC, which is available at the SEC website. In related news, CEO Richard P. Wallace sold 17,437 shares of the company’s 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 transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the company’s stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their position. 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 90 days. Insiders own 0.12% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on KLAC
KLA Stock Up 3.2 %
Shares of NASDAQ:KLAC opened at $829.65 on Tuesday. The company has a market cap of $111.70 billion, a price-to-earnings ratio of 43.46, a PEG 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 firm’s 50-day simple moving average is $774.25 and its 200-day simple moving average is $765.24. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.
KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. KLA had a net margin of 28.15% and a return on equity of 103.50%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm earned $5.40 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts predict that KLA Co. will post 29.13 earnings per share for the current year.
KLA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is presently 30.38%.
KLA 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.
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