KLA Co. (NASDAQ:KLAC) Short Interest Up 51.1% in December

KLA Co. (NASDAQ:KLAC – Get Rating) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,640,000 shares, an increase of 51.1% from the November 30th total of 3,070,000 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.3% of the shares of the stock are sold short.

Insider Transactions at KLA

In other news, EVP Brian Lorig sold 3,127 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $400.00, for a total transaction of $1,250,800.00. Following the transaction, the executive vice president now directly owns 29,779 shares of the company’s stock, valued at approximately $11,911,600. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KLAC. Pacifica Partners Inc. purchased a new position in shares of KLA during the 2nd quarter worth about $27,000. Capital Asset Advisory Services LLC acquired a new stake in KLA during the 2nd quarter worth approximately $30,000. Wellington Shields & Co. LLC acquired a new stake in KLA during the 2nd quarter worth approximately $32,000. Win Advisors Inc. increased its position in KLA by 61.4% during the 2nd quarter. Win Advisors Inc. now owns 113 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 43 shares in the last quarter. Finally, WFA of San Diego LLC acquired a new stake in KLA during the 2nd quarter worth approximately $33,000. 87.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on KLAC shares. Barclays lowered their price objective on shares of KLA from $265.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 13th. Morgan Stanley increased their price objective on shares of KLA from $289.00 to $318.00 and gave the company an “equal weight” rating in a research note on Friday, October 28th. Cowen increased their price objective on shares of KLA to $325.00 in a research note on Thursday, October 27th. Wells Fargo & Company increased their price objective on shares of KLA from $360.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, December 7th. Finally, Needham & Company LLC increased their price objective on shares of KLA from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $383.28.

KLA Price Performance

NASDAQ:KLAC opened at $377.03 on Friday. The firm has a market cap of $53.43 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 2.90 and a beta of 1.37. KLA has a 12-month low of $250.20 and a 12-month high of $457.12. The company has a current ratio of 2.43, a quick ratio of 1.67 and a debt-to-equity ratio of 3.00. The company’s 50-day moving average is $366.71 and its two-hundred day moving average is $345.42.

KLA (NASDAQ:KLAC – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The semiconductor company reported $7.06 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.84. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.59 billion. KLA had a net margin of 33.28% and a return on equity of 120.41%. Research analysts expect that KLA will post 24.54 EPS for the current year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $5.20 annualized dividend and a dividend yield of 1.38%. KLA’s payout ratio is currently 23.49%.

KLA Company Profile

(Get Rating)

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 four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.

Further Reading

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