BlackRock Amends KLA Corp. Stake, Signals Ownership Change
Ticker: KLAC · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its KLA Corp. holdings, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of KLA Corp. common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(b), indicates a change in BlackRock's beneficial ownership of KLA Corp. shares. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence in KLA Corp.'s future performance, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock, a major institutional investor, has adjusted its stake in KLA Corp., which can be interpreted as a vote of confidence or concern, potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor and does not inherently signal high risk for KLA Corp.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for KLA Corp. to identify any significant trends in institutional ownership, as this filing alone doesn't provide specific share count changes.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- KLA Corp. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A amendment was filed
- Rule 13d-1(b) (other) — the SEC rule under which the filing was made
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'CONFORMED SUBMISSION TYPE: SC 13G/A' and 'FORM TYPE: SC 13G/A' sections.
Who is the subject company of this filing?
The subject company is KLA Corp., as indicated by 'COMPANY CONFORMED NAME: KLA CORP' and 'Name of Issuer: KLA CORP'.
Who filed this SC 13G/A?
BlackRock Inc. filed this SC 13G/A, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Under which specific SEC rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-003709 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003709 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:24 Documents 1 Document Format Files Seq Description Document Type Size 1 us4824801009_012524.txt SC 13G/A 11995 Complete submission text file 0001086364-24-003709.txt 13975 Mailing Address ONE TECHNOLOGY DRIVE MILPITAS CA 95035 Business Address ONE TECHNOLOGY DRIVE MILPITAS CA 95035 4088753000 KLA CORP (Subject) CIK : 0000319201 (see all company filings) EIN. : 042564110 | State of Incorp.: DE | Fiscal Year End: 0630 Type: SC 13G/A | Act: 34 | File No.: 005-33189 | Film No.: 24562925 SIC : 3827 Optical Instruments & Lenses (CF Office: 08 Industrial Applications and Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)