Baldwin Wealth Partners LLC MA Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

Baldwin Wealth Partners LLC MA grew its position in KLA Co. (NASDAQ:KLAC - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,578 shares of the semiconductor company's stock after acquiring an additional 471 shares during the quarter. KLA comprises about 1.8% of Baldwin Wealth Partners LLC MA's portfolio, making the stock its 13th largest position. Baldwin Wealth Partners LLC MA's holdings in KLA were worth $26,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KLAC. Tortoise Investment Management LLC increased its position in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 36 shares during the period. TCTC Holdings LLC acquired a new stake in KLA in the 4th quarter worth approximately $31,000. Kohmann Bosshard Financial Services LLC acquired a new stake in KLA in the 4th quarter worth approximately $32,000. Fairfield Financial Advisors LTD raised its position in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after buying an additional 40 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in KLA during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Insider Buying and Selling

In other news, CEO Richard P. Wallace sold 10,802 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $683.30, for a total value of $7,381,006.60. Following the sale, the chief executive officer now directly owns 78,740 shares in the company, valued at $53,803,042. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bren D. Higgins sold 1,019 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $766.46, for a total value of $781,022.74. Following the completion of the sale, the chief financial officer now owns 27,779 shares in the company, valued at approximately $21,291,492.34. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,829 shares of company stock worth $13,240,166 in the last 90 days. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KLAC. UBS Group lifted their target price on shares of KLA from $690.00 to $740.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their target price on shares of KLA from $750.00 to $770.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. TD Cowen boosted their price target on shares of KLA from $770.00 to $800.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Needham & Company LLC restated a "buy" rating and issued a $830.00 price objective on shares of KLA in a report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of KLA from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $795.39.

KLA Trading Up 2.0%

Shares of KLAC stock opened at $808.00 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a 1 year low of $551.33 and a 1 year high of $896.32. The stock has a fifty day moving average of $710.28 and a two-hundred day moving average of $701.39. The firm has a market capitalization of $106.85 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $8.41 earnings per share for the quarter, beating the consensus estimate of $8.08 by $0.33. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. KLA had a return on equity of 108.60% and a net margin of 29.58%. The company's revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.26 earnings per share. As a group, research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from KLA's previous quarterly dividend of $1.70. KLA's dividend payout ratio (DPR) is 27.63%.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.

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