Roberts Capital Advisors LLC Decreases Position in KLA Corporation $KLAC

Roberts Capital Advisors LLC lowered its stake in shares of KLA Corporation (NASDAQ:KLAC) by 50.0% during the third quarter, Holdings Channel reports. The fund owned 614 shares of the semiconductor company’s stock after selling 614 shares during the period. Roberts Capital Advisors LLC’s holdings in KLA were worth $662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC grew its stake in KLA by 0.4% during the 3rd quarter. Rothschild Investment LLC now owns 2,087 shares of the semiconductor company’s stock worth $2,251,000 after purchasing an additional 9 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of KLA by 3.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 271 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 9 shares during the period. Canandaigua National Bank & Trust Co. grew its position in shares of KLA by 1.2% during the third quarter. Canandaigua National Bank & Trust Co. now owns 836 shares of the semiconductor company’s stock worth $902,000 after buying an additional 10 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of KLA by 3.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the semiconductor company’s stock worth $288,000 after buying an additional 10 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in shares of KLA by 28.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $49,000 after buying an additional 10 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 2,254 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $1,237.01, for a total transaction of $2,788,220.54. Following the sale, the chief financial officer directly owned 32,154 shares in the company, valued at approximately $39,774,819.54. The trade was a 6.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 91.48% of the company’s stock.

KLA Price Performance

Shares of KLAC opened at $1,465.00 on Thursday. The company has a market capitalization of $192.03 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 2.74 and a beta of 1.45. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.00 and a current ratio of 2.83. The firm has a 50-day simple moving average of $1,457.63 and a 200-day simple moving average of $1,233.32. KLA Corporation has a fifty-two week low of $551.33 and a fifty-two week high of $1,693.35.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $8.85 earnings per share for the quarter, topping the consensus estimate of $8.75 by $0.10. KLA had a return on equity of 98.18% and a net margin of 35.76%.The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the company earned $8.20 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $1.90 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $7.60 annualized dividend and a yield of 0.5%. KLA’s dividend payout ratio is presently 22.11%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KLAC shares. UBS Group set a $1,575.00 price objective on shares of KLA in a research report on Friday, January 30th. Berenberg Bank boosted their target price on shares of KLA from $1,760.00 to $1,770.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Dbs Bank upgraded KLA from a “hold” rating to a “moderate buy” rating in a research note on Monday. Citigroup lifted their price target on KLA from $1,450.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Evercore increased their price objective on KLA from $1,350.00 to $1,700.00 and gave the company an “outperform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $1,601.04.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.