Crestwood Advisors Group LLC Acquires 3,115 Shares of KLA Co. (NASDAQ:KLAC)

Crestwood Advisors Group LLC lifted its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,015 shares of the semiconductor company's stock after acquiring an additional 3,115 shares during the period. Crestwood Advisors Group LLC's holdings in KLA were worth $43,711,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in shares of KLA during the fourth quarter valued at approximately $26,000. Cedar Wealth Management LLC increased its stake in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company's stock worth $27,000 after buying an additional 17 shares during the period. DSM Capital Partners LLC purchased a new stake in KLA during the 4th quarter worth $28,000. Family Firm Inc. acquired a new position in KLA in the 2nd quarter worth $30,000. Finally, Jones Financial Companies Lllp boosted its position in KLA by 2,033.3% in the 4th quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company's stock valued at $37,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

Insider Activity

In other news, EVP Brian Lorig sold 44 shares of KLA stock in a transaction that occurred on Tuesday, July 2nd. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mary Beth Wilkinson sold 2,611 shares of the business'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 sale, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Lorig sold 44 shares of KLA stock in a transaction that occurred 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 transaction, the executive vice president now owns 14,211 shares in the company, valued at $11,644,493.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,917 shares of company stock worth $14,568,247. 0.12% of the stock is owned by company insiders.

KLA Stock Performance

KLAC traded up $23.68 during trading hours on Monday, hitting $819.43. The company's stock had a trading volume of 1,079,300 shares, compared to its average volume of 925,996. The company has a 50-day simple moving average of $803.10 and a 200 day simple moving average of $748.75. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $110.33 billion, a PE ratio of 42.92, a PEG ratio of 1.63 and a beta of 1.27. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts' consensus estimates of $6.15 by $0.45. The company 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%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $5.40 earnings per share. As a group, sell-side analysts expect that KLA Co. will post 29.09 EPS for the current year.

KLA Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Cantor Fitzgerald reiterated a "neutral" rating and issued a $950.00 price target on shares of KLA in a research note on Thursday, July 25th. Wells Fargo & Company increased their target price on KLA from $860.00 to $950.00 and gave the company an "overweight" rating in a research note on Monday, June 17th. The Goldman Sachs Group lifted their price target on shares of KLA from $735.00 to $838.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. TD Cowen upped their price target on shares of KLA from $700.00 to $760.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Finally, Barclays raised their price objective on shares of KLA from $765.00 to $800.00 and gave the stock an "equal weight" rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $805.29.

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.