Custom Index Systems LLC Reduces Stock Holdings in KLA Co. (NASDAQ:KLAC)

Custom Index Systems LLC lowered its holdings in shares of KLA Co. (NASDAQ:KLAC) by 51.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344 shares of the semiconductor company’s stock after selling 371 shares during the quarter. Custom Index Systems LLC’s holdings in KLA were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Swedbank AB bought a new position in KLA in the 1st quarter worth $379,678,000. International Assets Investment Management LLC increased its position in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after buying an additional 235,597 shares during the period. Van ECK Associates Corp lifted its position in shares of KLA by 25.7% during the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after buying an additional 211,227 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of KLA by 2,205.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after acquiring an additional 192,849 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLA stock opened at $673.07 on Monday. The stock has a market cap of $90.62 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. 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 stock has a 50 day moving average price of $757.70 and a 200-day moving average price of $763.68. KLA Co. has a one year low of $452.01 and a one year high of $896.32.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s dividend payout ratio is currently 30.38%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Oppenheimer started coverage on shares of KLA in a research note on Wednesday, September 25th. They set a “market perform” rating and a $750.00 target price on the stock. Susquehanna decreased their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Barclays upped their target price on shares of KLA from $765.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Wells Fargo & Company decreased their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group dropped their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.57.

Insider Transactions at KLA

In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the transaction, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,873 shares of company stock worth $14,532,193. 0.12% of the stock is currently owned by insiders.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.