Exchange Traded Concepts LLC Has $3.89 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Exchange Traded Concepts LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 204.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,022 shares of the semiconductor company’s stock after buying an additional 3,371 shares during the period. Exchange Traded Concepts LLC’s holdings in KLA were worth $3,889,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KLAC. Vanguard Group Inc. increased its stake in shares of KLA by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA increased its position in KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after buying an additional 28,172 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of KLA by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after buying an additional 71,289 shares in the last quarter. Legal & General Group Plc boosted its position in shares of KLA by 1.9% in the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of KLA by 7.9% in the second quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock valued at $917,970,000 after acquiring an additional 81,335 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Stock Performance

NASDAQ KLAC opened at $803.73 on Monday. KLA Co. has a fifty-two week low of $452.01 and a fifty-two week high of $896.32. The stock has a market cap of $108.21 billion, a PE ratio of 42.10, a PEG ratio of 1.60 and a beta of 1.27. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The firm’s fifty day moving average price is $771.73 and its two-hundred day moving average price is $764.31.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.40 EPS. On average, equities analysts expect that KLA Co. will post 29.13 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.72%. KLA’s dividend payout ratio is presently 30.38%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KLAC shares. Stifel Nicolaus boosted their price objective on shares of KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. The Goldman Sachs Group boosted their price target on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Citigroup lowered their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Evercore ISI upped their target price on KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on KLA from $800.00 to $950.00 and gave the stock an “overweight” 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $804.57.

Insiders Place Their Bets

In other news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction 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 transaction, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’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 transaction of $1,702,815.87. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s 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 owns 105,329 shares in the company, valued at $74,257,998.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,873 shares of company stock valued at $14,532,193 in the last ninety days. 0.12% of the stock is currently owned by insiders.

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.