KLA Corporation (NASDAQ:KLAC) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC reduced its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 32.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718 shares of the semiconductor company's stock after selling 351 shares during the period. Kintegral Advisory LLC's holdings in KLA were worth $488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC lifted its position in KLA by 12.0% during the fourth quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company's stock valued at $88,000 after buying an additional 15 shares in the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of KLA by 2.9% during the 4th quarter. Avantax Planning Partners Inc. now owns 570 shares of the semiconductor company's stock valued at $359,000 after acquiring an additional 16 shares in the last quarter. Lockerman Financial Group Inc. lifted its holdings in shares of KLA by 3.8% during the 1st quarter. Lockerman Financial Group Inc. now owns 438 shares of the semiconductor company's stock valued at $298,000 after acquiring an additional 16 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of KLA by 3.3% during the 1st quarter. Childress Capital Advisors LLC now owns 495 shares of the semiconductor company's stock valued at $337,000 after acquiring an additional 16 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its stake in shares of KLA by 4.7% during the first quarter. Sunflower Bank N.A. now owns 381 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 17 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of recent research reports. TD Cowen boosted their price objective on KLA from $770.00 to $800.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Citigroup reissued a "buy" rating and set a $1,035.00 price target (up from $835.00) on shares of KLA in a research report on Monday. Jefferies Financial Group reissued a "hold" rating and set a $725.00 target price (down from $875.00) on shares of KLA in a research report on Friday, March 28th. UBS Group boosted their target price on shares of KLA from $690.00 to $740.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of KLA from a "buy" rating to a "hold" rating and set a $790.00 price objective on the stock. in a report on Tuesday, May 20th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $831.11.

KLA Stock Down 1.3%

NASDAQ KLAC traded down $11.96 on Monday, hitting $912.62. 901,146 shares of the stock traded hands, compared to its average volume of 1,134,623. The company has a current ratio of 2.54, a quick ratio of 1.74 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $120.68 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.42. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $928.02. The stock has a 50-day moving average of $808.23 and a 200 day moving average of $736.46.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $8.41 earnings per share for the quarter, topping the consensus estimate of $8.08 by $0.33. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. KLA had a net margin of 31.99% and a return on equity of 112.97%. KLA's quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.26 earnings per share. As a group, analysts expect that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from KLA's previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Monday, May 19th. KLA's dividend payout ratio is presently 27.63%.

KLA declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 30th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $766.46, for a total value of $781,022.74. Following the sale, the chief financial officer directly owned 27,779 shares of the company's stock, valued at $21,291,492.34. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Wallace sold 10,802 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 78,740 shares in the company, valued at $53,803,042. This represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,860 shares of company stock worth $8,196,798. 0.12% of the stock is currently owned by company insiders.

KLA 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.