JB Capital LLC Sells 692 Shares of KLA Co. (NASDAQ:KLAC)

JB Capital LLC decreased its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,676 shares of the semiconductor company's stock after selling 692 shares during the quarter. JB Capital LLC's holdings in KLA were worth $3,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Capital Market Strategies LLC increased its stake in KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company's stock valued at $666,000 after acquiring an additional 13 shares during the period. HBW Advisory Services LLC raised its holdings in shares of KLA by 2.6% in the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company's stock worth $452,000 after buying an additional 14 shares in the last quarter. United Community Bank lifted its position in shares of KLA by 4.0% during the 1st quarter. United Community Bank now owns 390 shares of the semiconductor company's stock worth $272,000 after buying an additional 15 shares during the period. AA Financial Advisors LLC boosted its stake in KLA by 2.7% in the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company's stock valued at $467,000 after buying an additional 15 shares in the last quarter. Finally, Greystone Financial Group LLC grew its position in KLA by 1.4% in the first quarter. Greystone Financial Group LLC now owns 1,173 shares of the semiconductor company's stock valued at $819,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of KLA from $990.00 to $960.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Jefferies Financial Group assumed coverage on shares of KLA in a research report on Monday, May 13th. They issued a "buy" rating and a $820.00 price objective for the company. Morgan Stanley upped their price target on shares of KLA from $692.00 to $698.00 and gave the company an "equal weight" rating in a report on Friday, April 26th. Barclays increased their price objective on KLA from $765.00 to $800.00 and gave the stock an "equal weight" rating in a report on Thursday, July 25th. Finally, Argus boosted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, KLA has a consensus rating of "Moderate Buy" and a consensus price target of $805.29.

KLA Price Performance

Shares of KLA stock traded up $19.32 on Friday, reaching $817.84. 685,322 shares of the stock were exchanged, compared to its average volume of 929,858. The firm's 50 day moving average is $806.90 and its 200-day moving average is $741.06. The firm has a market cap of $110.11 billion, a PE ratio of 42.84, a P/E/G ratio of 1.50 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. KLA Co. has a one year low of $440.15 and a one year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping the consensus estimate of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.40 earnings per share. As a group, analysts anticipate that KLA Co. will post 29.09 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.71%. KLA's dividend payout ratio is currently 30.38%.

Insiders Place Their Bets

In related news, CAO Virendra A. Kirloskar sold 825 shares of KLA stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $2,749,473.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Virendra A. Kirloskar sold 825 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at $2,749,473.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock valued at $14,568,247 in the last 90 days. Corporate insiders own 0.12% of the company's stock.

KLA Profile

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 three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection.