Perpetual Ltd Acquires 320 Shares of KLA Co. (NASDAQ:KLAC)

by · The Cerbat Gem

Perpetual Ltd grew its holdings in KLA Co. (NASDAQ:KLAC – Free Report) by 25.8% during the 3rd quarter, Holdings Channel reports. The firm owned 1,558 shares of the semiconductor company’s stock after purchasing an additional 320 shares during the period. Perpetual Ltd’s holdings in KLA were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KLAC. Swedbank AB acquired a new stake in shares of KLA in the 1st quarter valued at approximately $379,678,000. Wellington Management Group LLP raised its position in shares of KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after acquiring an additional 386,810 shares during the period. Van ECK Associates Corp raised its position in shares of KLA by 25.7% in the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after acquiring an additional 211,227 shares during the period. 1832 Asset Management L.P. raised its position in shares of KLA by 2,205.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after acquiring an additional 192,849 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of KLA by 136.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock valued at $214,667,000 after acquiring an additional 178,474 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.7 %

KLA stock opened at $803.73 on Friday. The company has a market cap of $108.21 billion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The company has a fifty day simple moving average of $769.57 and a 200 day simple moving average of $762.59. KLA Co. has a 1-year low of $452.01 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $5.40 earnings per share. Research analysts anticipate that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio is currently 30.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KLAC shares. TD Cowen increased their price target 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. UBS Group dropped their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Oppenheimer initiated coverage on shares of KLA in a report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $925.00 target price on shares of KLA in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $804.57.

Get Our Latest Stock Analysis on KLA

Insider Buying and Selling at KLA

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction 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 owns 9,298 shares in the company, valued at $6,063,876.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the firm’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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 20,873 shares of company stock worth $14,532,193 over the last quarter. 0.12% of the stock is currently owned by insiders.

About KLA

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Co. (NASDAQ:KLAC – Free Report).