RD Finance Ltd Acquires New Stake in KLA Corporation $KLAC

RD Finance Ltd bought a new stake in shares of KLA Corporation (NASDAQ:KLAC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,670 shares of the semiconductor company’s stock, valued at approximately $1,105,000. KLA comprises approximately 1.0% of RD Finance Ltd’s portfolio, making the stock its 19th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Formuepleje A S lifted its holdings in shares of KLA by 1,125.5% during the second quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company’s stock worth $9,070,000 after purchasing an additional 27,609 shares during the period. TOWER TRUST & INVESTMENT Co lifted its stake in shares of KLA by 829.7% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock valued at $2,249,000 after purchasing an additional 6,654 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of KLA by 1,195.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,948 shares of the semiconductor company’s stock valued at $4,510,000 after purchasing an additional 13,794 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of KLA by 7.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 275,745 shares of the semiconductor company’s stock valued at $53,751,000 after purchasing an additional 19,700 shares during the period. Finally, Colton Groome Financial Advisors LLC boosted its holdings in KLA by 40.1% during the third quarter. Colton Groome Financial Advisors LLC now owns 28,728 shares of the semiconductor company’s stock worth $5,600,000 after buying an additional 8,225 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLAC has been the topic of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $225.00 price target on shares of KLA in a research report on Wednesday, July 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a report on Thursday, July 16th. Barclays reiterated an “overweight” rating and issued a $225.00 price objective on shares of KLA in a research report on Monday, July 20th. Needham & Company LLC reissued a “buy” rating and set a $270.00 target price on shares of KLA in a research note on Wednesday, July 29th. Finally, Morgan Stanley set a $227.00 target price on shares of KLA and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Nineteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $221.26.

Insider Activity at KLA

In other KLA news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the transaction, the executive vice president directly owned 77,681 shares of the company’s stock, valued at $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Virendra Kirloskar sold 4,504 shares of KLA stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the completion of the sale, the chief accounting officer owned 7,972 shares in the company, valued at approximately $1,558,526. This trade represents a 36.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 243,339 shares of company stock valued at $46,903,454. Insiders own 79.39% of the company’s stock.

KLA Stock Up 2.5%

KLA stock opened at $149.21 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The stock has a market capitalization of $194.72 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 1.29 and a beta of 1.45. The business has a 50 day simple moving average of $182.43 and a 200-day simple moving average of $181.30. KLA Corporation has a 12 month low of $107.20 and a 12 month high of $307.37.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that KLA Corporation will post 5.43 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 17th. This is a boost from KLA’s previous quarterly dividend of $0.23. KLA’s payout ratio is presently 25.07%.

KLA Company Profile

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.