AE Wealth Management LLC Trims Stock Position in KLA Co. (NASDAQ:KLAC)

AE Wealth Management LLC cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 20.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 692 shares of the semiconductor company’s stock after selling 173 shares during the quarter. AE Wealth Management LLC’s holdings in KLA were worth $229,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in KLA by 98.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,616,488 shares of the semiconductor company’s stock valued at $936,345,000 after purchasing an additional 1,794,837 shares in the last quarter. Norges Bank acquired a new position in shares of KLA in the 4th quarter worth approximately $414,484,000. Morgan Stanley grew its position in shares of KLA by 83.5% in the 4th quarter. Morgan Stanley now owns 716,443 shares of the semiconductor company’s stock worth $185,495,000 after acquiring an additional 326,116 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of KLA in the 1st quarter worth approximately $101,347,000. Finally, Nuveen Asset Management LLC grew its position in shares of KLA by 49.7% in the 4th quarter. Nuveen Asset Management LLC now owns 764,787 shares of the semiconductor company’s stock worth $198,010,000 after acquiring an additional 253,781 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

In other news, Director Gary B. Moore purchased 377 shares of the business’s stock in a transaction on Tuesday, May 11th. The stock was purchased at an average price of $301.02 per share, with a total value of $113,484.54. Following the acquisition, the director now directly owns 12,017 shares in the company, valued at approximately $3,617,357.34. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard P. Wallace sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $309.95, for a total value of $4,649,250.00. Following the completion of the transaction, the chief executive officer now directly owns 61,906 shares of the company’s stock, valued at approximately $19,187,764.70. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on KLAC shares. Zacks Investment Research upgraded KLA from a “hold” rating to a “buy” rating and set a $341.00 price objective for the company in a research report on Tuesday, April 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on KLA from $360.00 to $380.00 and gave the company a “buy” rating in a research report on Monday, April 26th. Cowen lifted their target price on KLA from $295.00 to $320.00 and gave the company a “market perform” rating in a research note on Thursday, February 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research note on Friday, February 5th. Finally, Credit Suisse Group lifted their target price on KLA from $325.00 to $380.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. KLA currently has an average rating of “Buy” and an average target price of $310.19.

Shares of NASDAQ KLAC opened at $305.75 on Friday. The business’s 50-day moving average price is $327.71 and its two-hundred day moving average price is $287.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.72 and a quick ratio of 1.92. KLA Co. has a one year low of $165.98 and a one year high of $359.69. The company has a market capitalization of $46.87 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.26.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, April 29th. The semiconductor company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.26. KLA had a return on equity of 65.49% and a net margin of 21.76%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.74 billion. On average, equities analysts anticipate that KLA Co. will post 12.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th will be given a $0.90 dividend. The ex-dividend date is Friday, May 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.18%. KLA’s dividend payout ratio is currently 34.78%.

KLA 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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