OLD Second National Bank of Aurora Sells 403 Shares of KLA Co. (NASDAQ:KLAC)

OLD Second National Bank of Aurora reduced its holdings in shares of KLA Co. (NASDAQ:KLAC) by 4.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,101 shares of the semiconductor company’s stock after selling 403 shares during the period. KLA comprises 1.5% of OLD Second National Bank of Aurora’s portfolio, making the stock its 17th biggest position. OLD Second National Bank of Aurora’s holdings in KLA were worth $5,659,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of KLA during the 4th quarter worth $1,048,728,000. Dakota Wealth Management purchased a new position in KLA during the 1st quarter valued at about $627,399,000. Wellington Management Group LLP increased its position in KLA by 12.2% during the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after purchasing an additional 386,810 shares during the period. TD Asset Management Inc raised its holdings in shares of KLA by 43.4% in the 4th quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock valued at $580,008,000 after purchasing an additional 301,848 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of KLA by 6,309.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 250,147 shares of the semiconductor company’s stock valued at $145,410,000 after purchasing an additional 246,244 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock traded up $19.50 during trading hours on Friday, hitting $872.45. The company’s stock had a trading volume of 212,948 shares, compared to its average volume of 881,255. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. The company has a 50 day moving average of $792.25 and a 200 day moving average of $697.97. KLA Co. has a 12-month low of $440.15 and a 12-month high of $896.32. The stock has a market cap of $117.47 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 3.53 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.32. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.49 EPS. On average, sell-side analysts forecast that KLA Co. will post 23.3 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity at KLA

In other news, CEO Richard P. Wallace sold 14,009 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the sale, the chief executive officer now directly owns 93,142 shares of the company’s stock, valued at approximately $66,748,351.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other KLA news, insider Ahmad A. Khan sold 7,833 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the completion of the transaction, the insider now directly owns 32,105 shares in the company, valued at $24,399,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 14,009 shares of KLA stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $716.63, for a total transaction of $10,039,269.67. Following the completion of the sale, the chief executive officer now owns 93,142 shares in the company, valued at approximately $66,748,351.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,905 shares of company stock worth $16,831,966. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on KLAC shares. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Bank of America raised their price objective on KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Raymond James boosted their target price on shares of KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Stifel Nicolaus raised their price target on shares of KLA from $685.00 to $760.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Citigroup lifted their price objective on shares of KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $747.40.

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.