KLA Co. (NASDAQ:KLAC) EVP Sells $1010672.70 in Stock – MarketBeat

0
71

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
KLA Co. (NASDAQ:KLACGet Rating) EVP Mary Beth Wilkinson sold 3,155 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $320.34, for a total value of $1,010,672.70. Following the transaction, the executive vice president now directly owns 12,228 shares of the company’s stock, valued at $3,917,117.52. The sale was disclosed in a filing with the SEC, which is available at this link.

KLA Price Performance

KLA stock traded down $5.47 during mid-day trading on Friday, hitting $307.60. 1,807,172 shares of the company were exchanged, compared to its average volume of 1,490,648. KLA Co. has a 12-month low of $282.83 and a 12-month high of $457.12. The business’s 50 day simple moving average is $357.57 and its two-hundred day simple moving average is $343.74. The company has a debt-to-equity ratio of 4.76, a current ratio of 2.50 and a quick ratio of 1.75. The company has a market capitalization of $43.62 billion, a P/E ratio of 13.88, a PEG ratio of 1.05 and a beta of 1.35.
KLA (NASDAQ:KLACGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.46 by $0.35. KLA had a return on equity of 95.80% and a net margin of 36.06%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the firm earned $4.43 earnings per share. The business’s revenue was up 29.2% on a year-over-year basis. Analysts forecast that KLA Co. will post 24.65 earnings per share for the current fiscal year.
KLA announced that its board has initiated a stock repurchase program on Thursday, June 16th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 12.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a dividend of $1.30 per share. This is a boost from KLA’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, August 12th. This represents a $5.20 annualized dividend and a dividend yield of 1.69%. KLA’s dividend payout ratio (DPR) is 23.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KLAC. Morgan Stanley cut their target price on KLA from $381.00 to $358.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 6th. Bank of America cut their target price on KLA from $430.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Evercore ISI set a $425.00 price objective on KLA in a research note on Monday, June 20th. Piper Sandler dropped their price objective on KLA from $385.00 to $352.00 and set a “neutral” rating for the company in a research note on Thursday, May 26th. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Six equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $424.16.

Institutional Investors Weigh In On KLA

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in KLA by 0.3% in the first quarter. Vanguard Group Inc. now owns 13,554,919 shares of the semiconductor company’s stock valued at $4,961,914,000 after acquiring an additional 44,929 shares during the last quarter. BlackRock Inc. lifted its stake in shares of KLA by 2.4% during the first quarter. BlackRock Inc. now owns 11,598,754 shares of the semiconductor company’s stock worth $4,245,843,000 after purchasing an additional 274,070 shares in the last quarter. Capital International Investors lifted its stake in shares of KLA by 0.8% during the fourth quarter. Capital International Investors now owns 7,531,100 shares of the semiconductor company’s stock worth $3,238,787,000 after purchasing an additional 63,037 shares in the last quarter. State Street Corp lifted its stake in shares of KLA by 1.8% during the fourth quarter. State Street Corp now owns 6,315,958 shares of the semiconductor company’s stock worth $2,716,557,000 after purchasing an additional 113,477 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of KLA by 34.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,198,127 shares of the semiconductor company’s stock worth $1,977,699,000 after purchasing an additional 1,579,926 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

KLA Company Profile

(Get Rating)
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.

Featured Stories

Insider Buying and Selling by Quarter for KLA (NASDAQ:KLAC)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider KLA, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and KLA wasn’t on the list.
While KLA currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source