Joel Isaacson & Co. LLC Has $404,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Joel Isaacson & Co. LLC lowered its holdings in shares of KLA Co. (NASDAQ:KLAC) by 48.9% during the third quarter, Holdings Channel reports. The firm owned 522 shares of the semiconductor company’s stock after selling 500 shares during the period. Joel Isaacson & Co. LLC’s holdings in KLA were worth $404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KLAC. Family Firm Inc. acquired a new stake in shares of KLA in the second quarter worth about $30,000. Cedar Wealth Management LLC lifted its holdings in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in KLA during the second quarter worth approximately $44,000. LRI Investments LLC acquired a new position in KLA during the first quarter valued at approximately $46,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

NASDAQ KLAC opened at $673.07 on Friday. KLA Co. has a 1-year low of $452.01 and a 1-year high of $896.32. The company has a 50 day moving average of $757.70 and a 200-day moving average of $763.21. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75. The firm has a market cap of $90.18 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.69 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.45. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.40 EPS. On average, equities analysts forecast that KLA Co. will post 29.07 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $1.45 per share. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.86%. KLA’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. UBS Group cut their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Oppenheimer initiated coverage on KLA in a report on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 target price on the stock. Stifel Nicolaus increased their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Barclays boosted their target price on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $804.57.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Virendra A. Kirloskar sold 825 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $649.84, for a total transaction of $536,118.00. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $2,749,473.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the sale, the chief executive officer now owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is currently owned by corporate 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.