Little House Capital LLC Sells 1,049 Shares of KLA Co. (NASDAQ:KLAC)

Little House Capital LLC lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 22.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,532 shares of the semiconductor company’s stock after selling 1,049 shares during the quarter. Little House Capital LLC’s holdings in KLA were worth $2,467,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KLAC. Journey Advisory Group LLC grew its holdings in shares of KLA by 3.2% in the fourth quarter. Journey Advisory Group LLC now owns 518 shares of the semiconductor company’s stock worth $301,000 after acquiring an additional 16 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of KLA by 29.3% in the 4th 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 period. West Paces Advisors Inc. boosted its holdings in shares of 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 buying an additional 17 shares during the last quarter. Drive Wealth Management LLC grew its position in KLA by 4.3% during the fourth quarter. Drive Wealth Management LLC now owns 507 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 21 shares during the period. Finally, MWA Asset Management increased its holdings in KLA by 3.2% during the fourth quarter. MWA Asset Management now owns 683 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 21 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Trading Up 0.0 %

NASDAQ KLAC traded up $0.17 on Monday, reaching $824.68. The stock had a trading volume of 252,997 shares, compared to its average volume of 903,603. The stock has a fifty day moving average price of $759.32 and a two-hundred day moving average price of $681.98. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. KLA Co. has a 12-month low of $440.15 and a 12-month high of $876.55. The firm has a market capitalization of $111.03 billion, a price-to-earnings ratio of 42.43, a P/E/G ratio of 3.94 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.49 earnings per share. As a group, sell-side analysts forecast that KLA Co. will post 23.3 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $1.45 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a yield of 0.70%. KLA’s dividend payout ratio is presently 30.38%.

Analyst Ratings Changes

Several research analysts have recently weighed in on KLAC shares. Wells Fargo & Company boosted their price objective on shares of KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. TD Cowen raised their price objective on shares of KLA from $650.00 to $700.00 and gave the company a “hold” rating in a research report on Friday, April 26th. StockNews.com raised KLA from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Evercore ISI initiated coverage on shares of KLA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price target on the stock. Finally, Citigroup increased their price objective on shares of KLA from $725.00 to $760.00 and gave the company a “buy” rating in a report on Monday, April 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $747.40.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total value of $10,039,269.67. Following the sale, the chief executive officer now directly owns 93,142 shares in the company, valued at $66,748,351.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Richard P. Wallace sold 14,009 shares of the company’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 completion of the sale, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at approximately $66,748,351.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the completion of the sale, the insider now directly owns 32,105 shares of the company’s stock, valued at approximately $24,399,800. The disclosure for this sale can be found here. Insiders sold a total of 22,861 shares of company stock valued at $16,795,913 in the last ninety days. Insiders own 0.12% of the company’s stock.

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.