Huntington National Bank lessened its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,493 shares of the semiconductor company’s stock after selling 2,489 shares during the quarter. Huntington National Bank’s holdings in KLA were worth $5,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in KLAC. Macquarie Group Ltd. lifted its holdings in KLA by 40.1% during the 4th quarter. Macquarie Group Ltd. now owns 8,546 shares of the semiconductor company’s stock valued at $1,523,000 after buying an additional 2,446 shares in the last quarter. Franklin Resources Inc. grew its position in KLA by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 830,560 shares of the semiconductor company’s stock valued at $147,982,000 after buying an additional 42,757 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in KLA by 66.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,300 shares of the semiconductor company’s stock valued at $1,837,000 after buying an additional 4,100 shares during the period. Quadrant Capital Group LLC raised its position in shares of KLA by 246.8% during the 4th quarter. Quadrant Capital Group LLC now owns 215 shares of the semiconductor company’s stock worth $33,000 after buying an additional 153 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of KLA by 9.9% in the 1st quarter. Fulton Bank N.A. now owns 4,563 shares of the semiconductor company’s stock worth $656,000 after acquiring an additional 410 shares during the period. Institutional investors own 88.94% of the company’s stock.

Several brokerages recently commented on KLAC. KeyCorp dropped their target price on KLA from $204.00 to $182.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Stifel Nicolaus cut KLA from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a report on Monday, June 22nd. Citigroup upped their price target on KLA from $178.00 to $214.00 and gave the company a “buy” rating in a report on Monday, July 27th. Cowen cut KLA from an “outperform” rating to a “market perform” rating and upped their price target for the company from $178.00 to $200.00 in a report on Thursday, July 9th. Finally, BNP Paribas began coverage on KLA in a report on Thursday, April 9th. They issued an “outperform” rating and a $190.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $190.82.

In related news, CEO Richard P. Wallace sold 37,266 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $168.94, for a total transaction of $6,295,718.04. Following the completion of the sale, the chief executive officer now directly owns 106,739 shares in the company, valued at approximately $18,032,486.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ahmad A. Khan sold 2,530 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $175.50, for a total value of $444,015.00. Following the sale, the insider now owns 823 shares of the company’s stock, valued at $144,436.50. The disclosure for this sale can be found here. Insiders sold a total of 39,932 shares of company stock valued at $6,766,193 over the last quarter. Company insiders own 0.19% of the company’s stock.

NASDAQ KLAC traded up $1.93 during trading on Friday, hitting $199.83. 1,150,187 shares of the company traded hands, compared to its average volume of 1,172,682. KLA Corporation has a 12 month low of $110.19 and a 12 month high of $209.30. The business has a fifty day simple moving average of $194.92 and a 200 day simple moving average of $170.33. The company has a current ratio of 2.61, a quick ratio of 1.85 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $30.68 billion, a P/E ratio of 31.17, a PEG ratio of 1.68 and a beta of 1.34.

KLA (NASDAQ:KLAC) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.19. KLA had a return on equity of 57.76% and a net margin of 18.26%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $1.80 earnings per share. The business’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts predict that KLA Corporation will post 9.97 EPS for the current fiscal year.

About KLA

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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