Eurizon Capital SGR S.p.A. Sells 192,236 Shares of KLA Corporation $KLAC

Eurizon Capital SGR S.p.A. lowered its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 13.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,246,936 shares of the semiconductor company’s stock after selling 192,236 shares during the period. KLA comprises about 0.6% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 28th biggest holding. Eurizon Capital SGR S.p.A. owned about 0.10% of KLA worth $243,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Werba Rubin Papier Wealth Management lifted its holdings in shares of KLA by 6.6% in the third quarter. Werba Rubin Papier Wealth Management now owns 1,989 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 124 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of KLA by 7.9% in the 3rd quarter. Fifth Third Bancorp now owns 336,387 shares of the semiconductor company’s stock valued at $65,572,000 after purchasing an additional 24,596 shares in the last quarter. Endeavor Private Wealth Inc. boosted its stake in shares of KLA by 52.0% in the 3rd quarter. Endeavor Private Wealth Inc. now owns 1,950 shares of the semiconductor company’s stock valued at $380,000 after purchasing an additional 667 shares in the last quarter. Bingham Private Wealth LLC boosted its stake in shares of KLA by 3.7% in the 3rd quarter. Bingham Private Wealth LLC now owns 3,265 shares of the semiconductor company’s stock valued at $636,000 after purchasing an additional 115 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of KLA by 115.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 151,664 shares of the semiconductor company’s stock valued at $29,564,000 after purchasing an additional 81,168 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KLAC has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $225.00 target price on shares of KLA in a research note on Wednesday, July 29th. Cantor Fitzgerald set a $240.00 price target on shares of KLA and gave the stock an “overweight” rating in a report on Thursday, October 29th. Barclays reiterated an “overweight” rating and issued a $225.00 price target on shares of KLA in a research note on Monday, July 20th. Finally, Zacks Research raised KLA from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.35.

Insider Buying and Selling at KLA

In related news, CEO Richard Wallace sold 72,014 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $149.02, for a total value of $10,731,526.28. Following the sale, the chief executive officer owned 634,911 shares of the company’s stock, valued at $94,614,437.22. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 79.39% of the stock is currently owned by corporate insiders.

KLA Stock Down 2.3%

NASDAQ:KLAC opened at $157.30 on Friday. KLA Corporation has a one year low of $107.20 and a one year high of $307.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.76 and a quick ratio of 1.86. The company has a market cap of $204.96 billion, a PE ratio of 39.33, a P/E/G ratio of 1.32 and a beta of 1.49. The firm’s 50 day simple moving average is $173.40 and its 200 day simple moving average is $181.75.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. KLA had a net margin of 36.25% and a return on equity of 89.30%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the company posted $8.47 EPS. The company’s revenue was up 28.9% on a year-over-year basis. On average, research analysts anticipate that KLA Corporation will post 5.73 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, November 16th. KLA’s payout ratio is 23.00%.

About KLA

KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices. The company’s products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.