Cambridge Investment Research Advisors Inc. Has $3.68 Million Holdings in KLA Co. (NASDAQ:KLAC)

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Cambridge Investment Research Advisors Inc. lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 30.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,996 shares of the semiconductor company’s stock after selling 4,745 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in KLA were worth $3,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in KLA by 12.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,558,166 shares of the semiconductor company’s stock worth $1,477,803,000 after buying an additional 516,588 shares during the period. Bank of New York Mellon Corp grew its stake in KLA by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,062,461 shares of the semiconductor company’s stock valued at $668,669,000 after acquiring an additional 33,521 shares in the last quarter. Bank of America Corp DE grew its stake in KLA by 1.1% during the 2nd quarter. Bank of America Corp DE now owns 1,620,538 shares of the semiconductor company’s stock valued at $525,395,000 after acquiring an additional 16,896 shares in the last quarter. Nuveen Asset Management LLC grew its stake in KLA by 7.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 922,649 shares of the semiconductor company’s stock valued at $299,132,000 after acquiring an additional 60,389 shares in the last quarter. Finally, Amundi purchased a new position in KLA during the 2nd quarter valued at about $273,227,000. Hedge funds and other institutional investors own 85.97% of the company’s stock.

In other KLA news, CFO Bren D. Higgins sold 3,883 shares of the company’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $422.59, for a total value of $1,640,916.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ahmad A. Khan sold 885 shares of the company’s stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $422.59, for a total value of $373,992.15. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

KLAC has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on KLA from $393.00 to $451.00 and gave the company a “neutral” rating in a research note on Friday, December 17th. Piper Sandler boosted their price target on KLA from $338.00 to $361.00 and gave the company a “neutral” rating in a research note on Thursday, October 28th. UBS Group boosted their price target on KLA from $355.00 to $365.00 and gave the company a “neutral” rating in a research note on Thursday, October 28th. Wells Fargo & Company raised KLA from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $360.00 to $500.00 in a research note on Tuesday, December 21st. Finally, Susquehanna boosted their price target on KLA from $475.00 to $490.00 and gave the company a “positive” rating in a research note on Thursday, October 28th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $420.35.

Shares of NASDAQ KLAC opened at $435.08 on Thursday. The business has a fifty day simple moving average of $401.62 and a 200 day simple moving average of $355.32. The company has a current ratio of 2.44, a quick ratio of 1.76 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $65.97 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.23 and a beta of 1.21. KLA Co. has a one year low of $255.21 and a one year high of $442.43.

KLA (NASDAQ:KLAC) last issued its earnings results on Tuesday, October 26th. The semiconductor company reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. KLA had a return on equity of 75.15% and a net margin of 36.52%. KLA’s revenue was up 35.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 earnings per share. On average, research analysts anticipate that KLA Co. will post 21.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 15th were paid a $1.05 dividend. The ex-dividend date was Friday, November 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.97%. KLA’s payout ratio is 23.78%.

KLA Profile

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company operates through the following segments; Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display & Component Inspection and Other.

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