Key Points
- KLA CEO Richard Wallace sold 72,014 shares for about $10.73 million, reducing his stake by 10.19%; he retained 634,911 shares.
- KLA beat quarterly earnings and revenue estimates, reporting EPS of $1.22 and revenue of $4.14 billion, up 28.9% year over year.
- The company announced a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 0.6% yield.
KLA Corporation (NASDAQ:KLAC - Get Free Report) CEO Richard Wallace sold 72,014 shares of KLA stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $149.02, for a total transaction of $10,731,526.28. Following the completion of the transaction, the chief executive officer owned 634,911 shares of the company's stock, valued at $94,614,437.22. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
KLA Stock Down 2.3%
Shares of KLAC opened at $157.30 on Friday. The company has a market capitalization of $204.96 billion, a P/E ratio of 39.33, a PEG ratio of 1.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.76 and a quick ratio of 1.86. KLA Corporation has a one year low of $107.20 and a one year high of $307.37. The business's 50 day simple moving average is $173.40 and its 200-day simple moving average is $181.75.
KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. KLA had a return on equity of 89.30% and a net margin of 36.25%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the company earned $8.47 EPS. KLA's revenue for the quarter was up 28.9% on a year-over-year basis. As a group, sell-side analysts predict that KLA Corporation will post 5.73 EPS for the current fiscal year.
KLA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. KLA's payout ratio is currently 23.00%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on KLAC. Jefferies Financial Group restated a "buy" rating and set a $210.00 target price (up from $200.00) on shares of KLA in a report on Wednesday, July 29th. Citigroup lowered their target price on KLA from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Barclays reaffirmed an "overweight" rating and issued a $225.00 price target on shares of KLA in a report on Monday, July 20th. UBS Group reiterated a "neutral" rating and set a $180.00 price target (down from $190.00) on shares of KLA in a research report on Thursday, October 29th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $230.00 price objective on shares of KLA in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $220.35.
Get Our Latest Stock Report on KLA
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC boosted its position in KLA by 6.8% in the 1st quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company's stock valued at $139,000 after buying an additional 6 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in shares of KLA by 36.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $88,000 after buying an additional 16 shares during the period. Capital Advisors Wealth Management LLC increased its stake in shares of KLA by 2.2% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 2,656 shares of the semiconductor company's stock valued at $518,000 after buying an additional 58 shares during the period. Venture Visionary Partners LLC increased its stake in shares of KLA by 3.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 1,923 shares of the semiconductor company's stock valued at $375,000 after buying an additional 68 shares during the period. Finally, Bullock Wealth Management Group raised its position in shares of KLA by 3.1% during the third quarter. Bullock Wealth Management Group now owns 2,365 shares of the semiconductor company's stock worth $474,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 86.65% of the company's stock.
KLA Company Profile
(
Get Free Report)
KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices. The company's products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.
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