Commerzbank Aktiengesellschaft FI Sells 99 Shares of KLA Co. (NASDAQ:KLAC)

Commerzbank Aktiengesellschaft FI trimmed its position in KLA Co. (NASDAQ:KLAC) by 16.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 493 shares of the semiconductor company’s stock after selling 99 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in KLA were worth $407,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Wealth Management LLC grew its position in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in KLA in the fourth quarter valued at about $26,000. DSM Capital Partners LLC purchased a new position in KLA in the fourth quarter valued at about $28,000. Addison Advisors LLC purchased a new position in KLA in the fourth quarter valued at about $29,000. Finally, Jones Financial Companies Lllp boosted its stake in KLA by 2,033.3% in the fourth quarter. Jones Financial Companies Lllp now owns 64 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KLAC. Susquehanna dropped their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group boosted their target price on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group began coverage on shares of KLA in a research note on Monday, May 13th. They issued a “buy” rating and a $820.00 target price on the stock. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Evercore ISI upped their price target on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $805.29.

KLA Price Performance

Shares of NASDAQ:KLAC traded up $13.94 during trading on Wednesday, reaching $825.51. The company had a trading volume of 221,582 shares, compared to its average volume of 928,973. The company has a fifty day moving average of $807.69 and a two-hundred day moving average of $738.62. The stock has a market capitalization of $111.15 billion, a P/E ratio of 42.51, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. KLA Co. has a 12 month low of $440.15 and a 12 month high of $896.32. The company has a current ratio of 2.15, a quick ratio of 1.50 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. KLA had a net margin of 28.15% and a return on equity of 103.50%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.40 EPS. Equities research analysts forecast that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, August 15th. KLA’s payout ratio is 30.38%.

Insider Transactions at KLA

In related news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the transaction, the chief financial officer now owns 31,356 shares of the company’s stock, valued at approximately $24,726,714.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at approximately $74,257,998.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the transaction, the chief financial officer now directly owns 31,356 shares in the company, valued at approximately $24,726,714.48. The disclosure for this sale can be found here. Insiders have sold 21,936 shares of company stock valued at $15,371,810 in the last quarter. 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.