KLA Co. (NASDAQ:KLAC) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 19.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,590 shares of the semiconductor company's stock after selling 30,201 shares during the period. National Bank of Canada FI owned 0.09% of KLA worth $103,121,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Journey Advisory Group LLC increased its stake in KLA by 12.1% in the 2nd quarter. Journey Advisory Group LLC now owns 650 shares of the semiconductor company's stock valued at $536,000 after buying an additional 70 shares during the period. Foster & Motley Inc. increased its stake in shares of KLA by 24.8% during the second quarter. Foster & Motley Inc. now owns 2,366 shares of the semiconductor company's stock worth $1,951,000 after acquiring an additional 470 shares during the period. Range Financial Group LLC purchased a new position in KLA during the second quarter worth about $241,000. Belpointe Asset Management LLC lifted its position in KLA by 2.8% in the second quarter. Belpointe Asset Management LLC now owns 1,381 shares of the semiconductor company's stock valued at $1,139,000 after purchasing an additional 38 shares during the period. Finally, Consolidated Planning Corp boosted its holdings in KLA by 31.2% in the 2nd quarter. Consolidated Planning Corp now owns 2,165 shares of the semiconductor company's stock valued at $1,785,000 after purchasing an additional 515 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Transactions at KLA

In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Richard P. Wallace sold 17,437 shares of the business'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 directly owns 105,329 shares in the company, valued at $74,257,998.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian Lorig sold 44 shares of the company's 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 directly owns 14,211 shares of the company's stock, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. Insiders have sold 20,917 shares of company stock worth $14,568,247 over the last quarter. 0.12% of the stock is currently owned by insiders.

KLA Price Performance

KLA stock traded down $17.05 during midday trading on Thursday, reaching $728.06. 817,515 shares of the company were exchanged, compared to its average volume of 929,668. The company has a market capitalization of $98.03 billion, a price-to-earnings ratio of 39.03, a P/E/G ratio of 1.63 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. The firm's 50-day simple moving average is $800.71 and its 200-day simple moving average is $750.45. KLA Co. has a 1 year low of $440.15 and a 1 year 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, topping analysts' consensus estimates of $6.15 by $0.45. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.40 earnings per share. On average, analysts anticipate that KLA Co. will post 29.09 EPS for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, August 15th. KLA's dividend payout ratio is presently 30.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group began coverage on KLA in a report on Monday, May 13th. They issued a "buy" rating and a $820.00 price target for the company. Argus raised their target price on KLA from $800.00 to $875.00 and gave the company a "buy" rating in a report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of KLA from $860.00 to $950.00 and gave the stock an "overweight" rating in a research note on Monday, June 17th. TD Cowen raised their price objective on shares of KLA from $700.00 to $760.00 and gave the company a "hold" rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus boosted their price objective on shares of KLA from $760.00 to $875.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.