KLA Co. (NASDAQ:KLAC) Stake Reduced by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in shares of KLA Co. (NASDAQ:KLACGet Rating) by 87.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,285 shares of the semiconductor company’s stock after selling 110,048 shares during the quarter. Bank of Nova Scotia’s holdings in KLA were worth $4,877,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. bought a new position in KLA during the 2nd quarter worth $27,000. WFA of San Diego LLC bought a new position in KLA during the 2nd quarter worth $33,000. Win Advisors Inc. grew its stake 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 buying an additional 43 shares during the last quarter. Heritage Wealth Advisors bought a new position in KLA during the 2nd quarter worth $40,000. Finally, Curi Wealth Management LLC bought a new position in KLA during the 2nd quarter worth $46,000. 90.60% of the stock is currently owned by institutional investors.

KLA Trading Down 0.3 %

Shares of NASDAQ KLAC opened at $377.91 on Tuesday. KLA Co. has a 12 month low of $250.20 and a 12 month high of $457.12. The company has a market cap of $53.56 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 4.11 and a beta of 1.32. The company has a quick ratio of 1.67, a current ratio of 2.43 and a debt-to-equity ratio of 3.00. The business has a fifty day simple moving average of $318.02 and a 200-day simple moving average of $335.13.

KLA Announces Dividend

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

Insider Activity at KLA

In related news, EVP Mary Beth Wilkinson sold 3,155 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $320.34, for a total transaction of $1,010,672.70. Following the transaction, the executive vice president now directly owns 12,228 shares of the company’s stock, valued at $3,917,117.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mary Beth Wilkinson sold 3,155 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $320.34, for a total transaction of $1,010,672.70. Following the transaction, the executive vice president now directly owns 12,228 shares of the company’s stock, valued at $3,917,117.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ahmad A. Khan sold 7,736 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $360.26, for a total value of $2,786,971.36. Following the transaction, the insider now directly owns 77,927 shares in the company, valued at $28,073,981.02. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KLAC shares. Bank of America reduced their price target on KLA from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price target on KLA from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. Susquehanna Bancshares boosted their price target on KLA from $350.00 to $355.00 in a research report on Thursday, October 27th. Barclays reduced their price target on KLA from $265.00 to $260.00 and set an “equal weight” rating for the company in a research report on Thursday, October 13th. Finally, KeyCorp boosted their price target on KLA from $375.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $384.16.

KLA Company Profile

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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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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