Mach 1 Financial Group LLC Invests $1.27 Million in KLA Co. (NASDAQ:KLAC)

Mach 1 Financial Group LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,191 shares of the semiconductor company's stock, valued at approximately $1,274,000.

Several other large investors have also modified their holdings of the stock. AdvisorNet Financial Inc lifted its position in shares of KLA by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 17 shares during the last quarter. West Paces Advisors Inc. lifted its holdings in KLA by 8.8% in the fourth quarter. West Paces Advisors Inc. now owns 210 shares of the semiconductor company's stock worth $122,000 after acquiring an additional 17 shares during the last quarter. Journey Advisory Group LLC lifted its holdings in KLA by 4.4% in the third quarter. Journey Advisory Group LLC now owns 502 shares of the semiconductor company's stock worth $230,000 after acquiring an additional 21 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in KLA by 4.3% in the fourth quarter. Drive Wealth Management LLC now owns 507 shares of the semiconductor company's stock worth $295,000 after acquiring an additional 21 shares during the last quarter. Finally, MWA Asset Management lifted its holdings in KLA by 3.2% in the fourth quarter. MWA Asset Management now owns 683 shares of the semiconductor company's stock worth $397,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 86.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KLAC. Bank of America raised their target price on shares of KLA from $740.00 to $850.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. The Goldman Sachs Group raised their price target on shares of KLA from $560.00 to $640.00 and gave the company a "buy" rating in a research note on Friday, January 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of KLA in a research note on Thursday, April 11th. They issued a "buy" rating and a $800.00 price target on the stock. Susquehanna restated a "neutral" rating and issued a $675.00 price target on shares of KLA in a research note on Monday, April 1st. Finally, Barclays raised their price target on shares of KLA from $550.00 to $630.00 and gave the company an "underweight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $722.26.

Insider Buying and Selling

In other KLA news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares of the company's stock, valued at approximately $11,809,017.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Bren D. Higgins sold 7,018 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the sale, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the company's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares of the company's stock, valued at $11,809,017.70. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

KLA Price Performance

KLA stock traded down $24.64 during mid-day trading on Tuesday, hitting $689.29. The company's stock had a trading volume of 901,486 shares, compared to its average volume of 960,897. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $93.21 billion, a P/E ratio of 36.11, a P/E/G ratio of 3.52 and a beta of 1.34. KLA Co. has a twelve month low of $369.66 and a twelve month high of $729.15. The stock's fifty day moving average price is $687.21 and its two-hundred day moving average price is $604.43.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping analysts' consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $5.49 EPS. The company's revenue was down 3.0% on a year-over-year basis. Research analysts forecast that KLA Co. will post 22.61 earnings per share for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, February 15th. KLA's dividend payout ratio is 30.38%.

KLA Company 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.

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