KLA Co. (NASDAQ:KLAC) Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,583 shares of the semiconductor company's stock after purchasing an additional 724 shares during the period. KLA comprises about 1.8% of Turtle Creek Wealth Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Turtle Creek Wealth Advisors LLC's holdings in KLA were worth $7,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Hanseatic Management Services Inc. increased its stake in KLA by 2.5% during the second quarter. Hanseatic Management Services Inc. now owns 780 shares of the semiconductor company's stock valued at $643,000 after purchasing an additional 19 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of KLA by 5.4% in the 2nd quarter. Aptus Capital Advisors LLC now owns 1,122 shares of the semiconductor company's stock valued at $925,000 after buying an additional 57 shares during the period. nVerses Capital LLC bought a new stake in shares of KLA during the 2nd quarter valued at about $825,000. Mizuho Markets Americas LLC acquired a new stake in KLA during the second quarter worth about $4,123,000. Finally, Farther Finance Advisors LLC lifted its holdings in KLA by 55.8% in the second quarter. Farther Finance Advisors LLC now owns 706 shares of the semiconductor company's stock worth $584,000 after acquiring an additional 253 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brian Lorig sold 44 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the sale, the executive vice president now owns 14,211 shares in the company, valued at approximately $11,644,493.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Brian Lorig sold 44 shares of KLA stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total value of $36,053.60. Following the transaction, the executive vice president now owns 14,211 shares of the company's stock, valued at approximately $11,644,493.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $652.17, for a total value of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares in the company, valued at approximately $6,063,876.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,917 shares of company stock worth $14,568,247. Corporate insiders own 0.12% of the company's stock.

KLA Price Performance

Shares of KLAC stock traded up $23.68 during mid-day trading on Friday, hitting $819.43. 1,079,372 shares of the stock traded hands, compared to its average volume of 925,996. KLA Co. has a twelve month low of $440.15 and a twelve month high of $896.32. 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 company's 50-day simple moving average is $803.10 and its 200-day simple moving average is $747.34. The firm has a market cap of $110.33 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.

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

KLA Announces Dividend

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

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent research reports. The Goldman Sachs Group upped their target price on KLA from $735.00 to $838.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Argus upped their price objective on KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Raymond James raised their target price on KLA from $750.00 to $875.00 and gave the company an "outperform" rating in a research note on Friday, June 7th. JPMorgan Chase & Co. boosted their price target on shares of KLA from $800.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 25th. Finally, TD Cowen increased their price objective on shares of KLA from $700.00 to $760.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $805.29.

About KLA

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.

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