Rep. Gilbert Ray Cisneros, Jr. Sells KLA Co. (NASDAQ:KLAC) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of KLA Co. (NASDAQ:KLAC). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in KLA stock on January 13th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ICF International (NASDAQ:ICFI) on 2/3/2025.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 1/31/2025.
• Purchased $50,001 – $100,000 in shares of Hawaiian Electric Industries (NYSE:HE) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Agios Pharmaceuticals (NASDAQ:AGIO) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of SpringWorks Therapeutics (NASDAQ:SWTX) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of U.S. Physical Therapy (NYSE:USPH) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 1/29/2025.

KLA Trading Up 1.8 %

Shares of KLA stock traded up $13.73 on Thursday, hitting $764.28. 711,489 shares of the company’s stock traded hands, compared to its average volume of 1,160,393. The company has a fifty day moving average of $692.63 and a two-hundred day moving average of $715.14. The company has a market capitalization of $101.57 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, sell-side analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.89%. KLA’s dividend payout ratio (DPR) is 28.60%.

Wall Street Analyst Weigh In

KLAC has been the subject of several analyst reports. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC raised their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, UBS Group upped their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

Institutional Trading of KLA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLAC. Vanguard Group Inc. boosted its stake in shares of KLA by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock valued at $8,496,833,000 after purchasing an additional 85,370 shares in the last quarter. State Street Corp grew its position in shares of KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC lifted its position in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of KLA by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,253,302 shares of the semiconductor company’s stock worth $2,046,472,000 after buying an additional 31,608 shares during the period. Finally, Norges Bank bought a new position in shares of KLA during the fourth quarter valued at approximately $1,175,756,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.