Patton Albertson Miller Group LLC holds a $5.52 million equity position in KLA (NASDAQ:KLAC)

Financial Advisors


Patton Albertson Miller Group LLC increased its position in KLA (NASDAQ:KLAC – Free Report) by 2.2% in the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The company owns 13,832 shares in the company after purchasing an additional 297 shares during the quarter. KLA accounts for 1.0% of Patton Albertson Miller Group LLC’s portfolio, making the stock the 26th largest. Patton Albertson Miller Group LLC’s KLA holdings were worth $5,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added or reduced stakes in the company. Moores & Cabot increased his KLA holdings by 36.6% in the fourth quarter. Moors & Cabot Inc. purchased an additional 390 shares during the period, and he now owns 1,457 shares of the company worth $549,000. Lincoln National Corporation increased its holding of KLA shares by 31.4% in the fourth quarter. Lincoln National Corporation purchased an additional 573 shares during the period and now owns 2,399 shares of the company worth $905,000. Embestnet Asset Management increased its holding of KLA shares by 11.2% in the fourth quarter. Envestnet Asset Management Inc. purchased an additional 25,767 shares during the period and now owns 255,585 shares in the company worth $96,363,000. Sumitomo Mitsui DS Asset Management Co., Ltd. increased its KLA stake by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Co., Ltd. purchased an additional 30 shares during the period and now owns 11,222 shares in the company worth $4,231,000. Finally, United Capital Financial Advisors LLC increased his KLA holdings by 137.8% in the third quarter. United Capital Financial Advisors LLC purchased an additional 1,251 shares during the period and now owns 2,159 shares of the company, valued at $653,000. Institutional investors and hedge funds currently hold 88.63% of the shares.

Analysts set new price target

Recently, many brokerages have commented on KLAC. BNP Paribas downgraded KLA shares from ‘outperform’ to ‘neutral’ and set a price target of $435.00. said in an investigative report on Thursday, April 6. Needham & Company LLC downgraded KLA shares from a ‘buy’ rating to a ‘hold’ rating in a research report on Wednesday, June 14. StockNews.com began covering KLA shares in a research report on Thursday, May 18. They issued a “hold” rating on the stock. Finally, Stifel Nikolaus lowered his price target on KLA shares from $505.00 to $445.00 and set a Buy rating on the stock in a research report on Tuesday, April 18. One equity research analyst gave the stock a “sell” rating, seven gave it a “hold” rating, and six gave it a “buy” rating. According to MarketBeat.com, KLA currently has an average valuation of “Hold” and an average price target of $404.00 for him.

Insider activity at KLA

In related news, CEO Richard P. Wallace sold 4,582 shares of the company in a transaction that took place on Friday, May 5. The shares were sold at an average price of $384.02 for a total of $1,759,579.64. Following the closing of the transaction, the CEO now owns 136,201 shares of the Company’s stock valued at approximately $52,303,908.02. The sale is disclosed in his SEC filings, which can be accessed at this link. In related news, CEO Richard P. Wallace sold 4,582 shares of the company in a transaction that took place on Friday, May 5. The shares were sold at an average price of $384.02 for a total of $1,759,579.64. Following the closing of the transaction, the CEO now owns 136,201 shares of the Company’s stock valued at approximately $52,303,908.02. The sale was disclosed in documents filed with the SEC, which can be accessed at this link. Also, insider Ahmad A. Khan sold 1,915 shares in the company in a transaction that took place on Tuesday, May 16. The shares sold at an average price of $405.00, resulting in a trading value of $775,575.00. After the transaction, insiders now own 55,172 shares of the company’s stock, valued at approximately $22,344,660. Disclosure information regarding this sale can be found here. Insiders sold a total of 23,996 shares worth $9,210,673 in the last quarter. 0.15% of the shares are owned by insiders.

KLA stock performance

KLAC shares fell $0.20 to $484.82 on Tuesday. The company’s stock traded 424,919 shares with an average volume of 907,029 shares. The company has a market cap of $66.52 billion, a P/E ratio of 19.77 times, a PEG ratio of 2.94 times and a beta of 1.36 times. The company has a debt to equity ratio of 2.20, a quick ratio of 1.54 and a current ratio of 2.35. KLA is at a 52-week low of $250.20 and a 52-week high of $488.41. The stock has a 50-day moving average of $433.27 and a 200-day moving average of $404.83.

KLA (NASDAQ:KLAC – Free Report) last reported earnings on Wednesday, April 26th. The company reported EPS of $5.49 for the quarter, $0.19 above analyst consensus expectations of $5.30. The company’s revenue for the quarter was $2.43 billion, compared with analysts’ expectations of $2.38 billion. KLA’s net margin was 33.01% and return on equity was 167.59%. Revenue for the business in the quarter increased by 6.3% compared to the same period last year. Earnings per share for the business in the same period last year were $5.13. Equity research analysts expect KLA to post earnings of $24.88 per share this fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 1. His $1.30 dividend was issued to shareholders of record on Monday, May 15. The ex-dividend date was Friday, May 12. This equates to a dividend of $5.20 for him on an annualized basis and a dividend yield of 1.07% for him. KLA’s dividend payout ratio (DPR) is currently at 21.21%.

KLA profile

(free report)

KLA Corporation designs, manufactures and markets process control, process realization and yield management solutions for the semiconductor and related electronics industries worldwide. The company operates through his four segments. special semiconductor processes; inspection of PCBs, displays and components; others.

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KLA Quarterly Institutional Ownership (NASDAQ:KLAC)

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