Alpha DNA Investment Management LLC Sells 275 Shares of KLA Co. (NASDAQ:KLAC)

Alpha DNA Investment Management LLC trimmed its stake in KLA Co. (NASDAQ:KLAC) by 25.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 807 shares of the semiconductor company’s stock after selling 275 shares during the period. Alpha DNA Investment Management LLC’s holdings in KLA were worth $665,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KLAC. Swedbank AB purchased a new position in KLA in the first quarter worth $379,678,000. Wellington Management Group LLP lifted its stake in KLA by 12.2% during the fourth quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock worth $2,061,469,000 after purchasing an additional 386,810 shares during the last quarter. TD Asset Management Inc lifted its stake in KLA by 43.4% during the fourth quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock worth $580,008,000 after purchasing an additional 301,848 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of KLA by 25.7% in the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock worth $720,936,000 after purchasing an additional 211,227 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position 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 purchasing an additional 192,849 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction 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 approximately $74,257,998.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction 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. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock valued at $14,568,247 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KLAC shares. Wells Fargo & Company boosted their target price on KLA from $860.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Argus lifted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Susquehanna decreased their target price on shares of KLA from $730.00 to $680.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $950.00 price target on shares of KLA in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $809.81.

KLA Trading Up 1.2 %

NASDAQ KLAC opened at $770.34 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $896.32. The stock has a market cap of $103.72 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The stock has a 50 day simple moving average of $769.11 and a two-hundred day simple moving average of $756.05.

KLA (NASDAQ:KLAC) last announced 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 company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 earnings per share. On average, 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 was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, August 15th. KLA’s dividend payout ratio is currently 30.38%.

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.