Fiera Capital Corp Sells 1,325 Shares of KLA Co. (NASDAQ:KLAC)

Fiera Capital Corp decreased its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 13.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 8,685 shares of the semiconductor company's stock after selling 1,325 shares during the period. Fiera Capital Corp's holdings in KLA were worth $7,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Grayhawk Investment Strategies Inc. purchased a new position in shares of KLA in the 4th quarter valued at $1,050,000. New Mexico Educational Retirement Board lifted its stake in shares of KLA by 22.3% during the first quarter. New Mexico Educational Retirement Board now owns 8,780 shares of the semiconductor company's stock worth $6,133,000 after purchasing an additional 1,600 shares in the last quarter. Norden Group LLC boosted its position in shares of KLA by 1,579.3% in the first quarter. Norden Group LLC now owns 6,566 shares of the semiconductor company's stock worth $4,589,000 after buying an additional 6,175 shares during the period. Objective Capital Management LLC acquired a new stake in shares of KLA in the fourth quarter valued at about $213,000. Finally, GLOBALT Investments LLC GA acquired a new position in KLA during the 4th quarter worth approximately $2,254,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Stock Performance

KLA stock traded down $7.99 during midday trading on Monday, reaching $774.41. 910,639 shares of the stock traded hands, compared to its average volume of 928,039. 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 fifty day moving average price of $768.96 and a two-hundred day moving average price of $758.65. The firm has a market cap of $104.27 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 1.51 and a beta of 1.28. KLA Co. has a fifty-two week low of $448.31 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last released its 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. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $5.40 EPS. The business's revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.75%. KLA's dividend payout ratio (DPR) is 30.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of KLA from $860.00 to $950.00 and gave the stock an "overweight" rating in a research report on Monday, June 17th. Cantor Fitzgerald dropped their price target on shares of KLA from $950.00 to $925.00 and set a "neutral" rating on the stock in a research note on Monday. Stifel Nicolaus lifted their price target on shares of KLA from $760.00 to $875.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. Citigroup dropped their price target on shares of KLA from $960.00 to $900.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Finally, Oppenheimer initiated coverage on shares of KLA in a research note on Wednesday, September 25th. They set a "market perform" rating and a $750.00 price target on the stock. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KLA currently has a consensus rating of "Moderate Buy" and an average target price of $808.62.

Insider Transactions at KLA

In related news, EVP Brian Lorig sold 44 shares of the firm's stock in a transaction 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 directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Brian Lorig sold 44 shares of the firm's stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mary Beth Wilkinson sold 2,611 shares of KLA stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,298 shares of the company's stock, valued at $6,063,876.66. The disclosure for this sale can be found here. Insiders have sold a total of 20,917 shares of company stock worth $14,568,247 in the last 90 days. 0.12% of the stock is owned by insiders.

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.