Cairn Investment Group Inc. Takes Position in KLA Corporation $KLAC

Cairn Investment Group Inc. purchased a new position in KLA Corporation (NASDAQ:KLAC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 232 shares of the semiconductor company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. Nuveen LLC acquired a new position in KLA during the first quarter valued at approximately $348,822,000. Goldman Sachs Group Inc. boosted its position in shares of KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company’s stock worth $1,259,543,000 after purchasing an additional 404,634 shares in the last quarter. Amundi grew its holdings in shares of KLA by 18.0% in the 1st quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after buying an additional 251,339 shares during the period. Impax Asset Management Group plc increased its position in shares of KLA by 53.3% in the 1st quarter. Impax Asset Management Group plc now owns 389,834 shares of the semiconductor company’s stock valued at $264,343,000 after buying an additional 135,469 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of KLA by 9.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company’s stock valued at $1,078,526,000 after buying an additional 131,620 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In related news, EVP Brian Lorig sold 8,049 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares of the company’s stock, valued at approximately $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total value of $34,768.50. Following the transaction, the chief accounting officer directly owned 2,616 shares in the company, valued at $2,332,164. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,605 shares of company stock valued at $29,348,291. Corporate insiders own 91.48% of the company’s stock.

KLA Trading Up 0.5%

NASDAQ:KLAC opened at $1,064.29 on Monday. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,076.79. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $928.49 and a two-hundred day moving average price of $825.43. The company has a market cap of $140.15 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 3.62 and a beta of 1.48.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.53 by $0.85. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, analysts expect that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, August 18th. KLA’s dividend payout ratio is currently 25.01%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley set a $1,093.00 target price on KLA and gave the stock an “equal weight” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. lifted their price objective on KLA from $900.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Stifel Nicolaus increased their target price on KLA from $770.00 to $922.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group started coverage on shares of KLA in a research note on Thursday, July 10th. They issued a “neutral” rating and a $980.00 price target on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of KLA in a research report on Tuesday, June 24th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $900.29.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.