JPMorgan Chase & Co. Sells 97,387 Shares of KLA Co. (NASDAQ:KLAC)

JPMorgan Chase & Co. reduced its holdings in KLA Co. (NASDAQ:KLACGet Rating) by 23.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 324,560 shares of the semiconductor company’s stock after selling 97,387 shares during the quarter. JPMorgan Chase & Co. owned 0.23% of KLA worth $103,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KLAC. Pacifica Partners Inc. bought a new position in KLA in the 2nd quarter worth about $27,000. Win Advisors Inc. boosted its holdings in shares of KLA by 61.4% in 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. WFA of San Diego LLC purchased a new position in shares of KLA in the 2nd quarter worth about $33,000. Heritage Wealth Advisors purchased a new position in shares of KLA in the 2nd quarter worth about $40,000. Finally, Curi Wealth Management LLC purchased a new position in shares of KLA in the 2nd quarter worth about $46,000. 90.60% of the stock is currently owned by institutional investors.

Insider Transactions at KLA

In other news, EVP Mary Beth Wilkinson sold 3,155 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $320.34, for a total value of $1,010,672.70. Following the completion of the transaction, the executive vice president now owns 12,228 shares of the company’s stock, valued at approximately $3,917,117.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KLAC. Susquehanna Bancshares upped their price objective on KLA from $350.00 to $355.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft cut their price objective on KLA from $400.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, October 13th. Wells Fargo & Company dropped their target price on KLA from $420.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, October 10th. Bank of America dropped their target price on KLA from $450.00 to $400.00 and set a “buy” rating for the company in a report on Friday, October 7th. Finally, Needham & Company LLC increased their target price on KLA from $310.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $378.28.

KLA Trading Up 2.7 %

NASDAQ KLAC opened at $382.18 on Wednesday. KLA Co. has a fifty-two week low of $250.20 and a fifty-two week high of $457.12. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.67 and a current ratio of 2.43. The stock has a 50 day simple moving average of $321.74 and a two-hundred day simple moving average of $337.02. The stock has a market cap of $54.16 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 4.07 and a beta of 1.32.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, November 14th. KLA’s dividend 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.

See Also

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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