KLA Co. (NASDAQ:KLAC) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in KLA Co. (NASDAQ:KLAC) by 25.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,976 shares of the semiconductor company’s stock after selling 42,192 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.09% of KLA worth $100,496,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of KLA by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after buying an additional 76,226 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of KLA by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after purchasing an additional 386,810 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of KLA by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after purchasing an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after buying an additional 71,289 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of KLA by 7.9% during the second quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock worth $917,970,000 after acquiring an additional 81,335 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group dropped their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Citigroup cut their price target on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays increased their target price on shares of KLA from $765.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average price target of $812.80.

KLA Trading Up 5.7 %

NASDAQ KLAC opened at $772.43 on Friday. The company’s 50 day moving average price is $774.96 and its 200 day moving average price is $754.38. KLA Co. has a one year low of $440.15 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The firm has a market capitalization of $104.00 billion, a price-to-earnings ratio of 40.46, a PEG ratio of 1.49 and a beta of 1.28.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results 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 firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.40 EPS. On average, sell-side analysts predict that KLA Co. will post 29.09 EPS for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Activity

In other news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $649.84, for a total value of $536,118.00. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $2,749,473.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. The disclosure for this sale can be found here. Insiders have sold 20,917 shares of company stock worth $14,568,247 over the last 90 days. Company 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.