Newbridge Financial Services Group Inc. Has $206,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Newbridge Financial Services Group Inc. reduced its position in KLA Co. (NASDAQ:KLAC - Free Report) by 78.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 294 shares of the semiconductor company's stock after selling 1,094 shares during the period. Newbridge Financial Services Group Inc.'s holdings in KLA were worth $206,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nwam LLC bought a new position in KLA during the third quarter worth about $274,000. Csenge Advisory Group increased its position in shares of KLA by 38.0% during the third quarter. Csenge Advisory Group now owns 647 shares of the semiconductor company's stock worth $297,000 after acquiring an additional 178 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of KLA by 1.3% during the third quarter. California Public Employees Retirement System now owns 276,544 shares of the semiconductor company's stock worth $126,840,000 after acquiring an additional 3,580 shares during the period. Quantum Private Wealth LLC lifted its position in KLA by 4.4% in the 3rd quarter. Quantum Private Wealth LLC now owns 812 shares of the semiconductor company's stock valued at $372,000 after acquiring an additional 34 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in KLA by 10.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,141 shares of the semiconductor company's stock worth $1,441,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Stock Down 1.0 %

Shares of KLAC traded down $7.66 on Tuesday, reaching $765.14. The company's stock had a trading volume of 703,644 shares, compared to its average volume of 931,117. The stock has a market capitalization of $103.02 billion, a PE ratio of 40.08, a PEG ratio of 3.18 and a beta of 1.33. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. KLA Co. has a twelve month low of $404.80 and a twelve month high of $778.43. The firm has a fifty day moving average of $696.78 and a 200-day moving average of $631.04.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, beating analysts' consensus estimates of $4.94 by $0.32. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $5.49 earnings per share. Equities analysts predict that KLA Co. will post 23.3 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $1.45 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.80 annualized dividend and a yield of 0.76%. KLA's payout ratio is currently 30.38%.

Insider Buying and Selling

In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the transaction, the chief executive officer now directly owns 93,142 shares of the company's stock, valued at $66,748,351.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other KLA news, CEO Richard P. Wallace sold 14,009 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the sale, the chief executive officer now owns 93,142 shares of the company's stock, valued at approximately $66,748,351.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares in the company, valued at $22,825,670. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,284 shares of company stock worth $17,260,138. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KLAC shares. Evercore ISI started coverage on shares of KLA in a research report on Tuesday, April 16th. They issued an "outperform" rating and a $800.00 price objective on the stock. The Goldman Sachs Group raised their price objective on KLA from $560.00 to $640.00 and gave the company a "buy" rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft initiated coverage on KLA in a research report on Thursday, April 11th. They set a "buy" rating and a $800.00 price target for the company. Cantor Fitzgerald upped their price objective on KLA from $625.00 to $800.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Finally, UBS Group raised their target price on shares of KLA from $605.00 to $760.00 and gave the company a "neutral" rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $727.15.

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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