Guggenheim Capital LLC cut its holdings in KLA Corporation (NASDAQ:KLAC) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,029 shares of the semiconductor company’s stock after selling 1,438 shares during the quarter. Guggenheim Capital LLC owned about 0.06% of KLA worth $12,510,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Orser Capital Management LLC bought a new stake in shares of KLA during the 4th quarter worth about $2,284,000. Rockefeller Capital Management L.P. increased its position in KLA by 46.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 501 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 160 shares during the period. Cetera Advisor Networks LLC increased its position in KLA by 5.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 1,648 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 88 shares during the period. Cetera Advisors LLC acquired a new position in KLA in the 4th quarter valued at approximately $453,000. Finally, Natixis Advisors L.P. increased its position in KLA by 28.3% in the 4th quarter. Natixis Advisors L.P. now owns 22,860 shares of the semiconductor company’s stock valued at $4,073,000 after acquiring an additional 5,041 shares during the period. 89.18% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Richard P. Wallace sold 37,266 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $168.94, for a total transaction of $6,295,718.04. Following the completion of the sale, the chief executive officer now owns 106,739 shares in the company, valued at $18,032,486.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ahmad A. Khan sold 2,530 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $175.50, for a total transaction of $444,015.00. Following the sale, the insider now owns 823 shares of the company’s stock, valued at approximately $144,436.50. The disclosure for this sale can be found here. Insiders have sold 44,796 shares of company stock valued at $7,498,933 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently commented on KLAC shares. Barclays began coverage on shares of KLA in a research note on Tuesday, May 26th. They issued an “equal weight” rating and a $170.00 price objective on the stock. Stifel Nicolaus lowered shares of KLA from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a research note on Monday. Deutsche Bank increased their target price on shares of KLA from $160.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday. Citigroup increased their target price on shares of KLA from $158.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, BidaskClub raised shares of KLA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $183.22.

Shares of KLAC stock traded down $1.92 on Friday, hitting $190.43. The stock had a trading volume of 28,301 shares, compared to its average volume of 1,319,039. The business has a 50 day moving average of $179.87 and a 200 day moving average of $166.23. The stock has a market cap of $29.25 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.61 and a quick ratio of 1.85. KLA Corporation has a 12-month low of $110.19 and a 12-month high of $197.50.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.19. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. KLA had a net margin of 18.26% and a return on equity of 57.76%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 earnings per share. As a group, research analysts expect that KLA Corporation will post 9.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.40 dividend on an annualized basis and a yield of 1.79%. KLA’s dividend payout ratio (DPR) is presently 40.19%.

KLA Company Profile

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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