Norris Perne & French LLP MI Sells 196 Shares of KLA Corporation $KLAC

Norris Perne & French LLP MI lowered its holdings in KLA Corporation (NASDAQ:KLAC) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,669 shares of the semiconductor company’s stock after selling 196 shares during the period. Norris Perne & French LLP MI’s holdings in KLA were worth $18,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management grew its position in KLA by 4,100.0% in the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. Alpine Bank Wealth Management bought a new position in KLA in the first quarter valued at $35,000. Olde Wealth Management LLC bought a new position in KLA in the first quarter valued at $36,000. Saudi Central Bank bought a new position in KLA in the first quarter valued at $36,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in KLA in the first quarter valued at $37,000. Institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 39 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total transaction of $34,768.50. Following the sale, the chief accounting officer directly owned 2,616 shares of the company’s stock, valued at $2,332,164. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ahmad A. Khan sold 13,716 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the sale, the insider directly owned 27,372 shares in the company, valued at $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,605 shares of company stock valued at $29,348,291. 91.48% of the stock is owned by insiders.

KLA Trading Up 0.5%

Shares of KLA stock opened at $1,064.29 on Monday. The firm has a market capitalization of $140.15 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 3.62 and a beta of 1.48. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The firm’s 50 day moving average is $928.49 and its 200 day moving average is $825.43. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $1,076.79.

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

KLA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on KLAC shares. Oppenheimer increased their price target on shares of KLA from $740.00 to $950.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Cantor Fitzgerald restated an “overweight” rating on shares of KLA in a research note on Tuesday, June 24th. The Goldman Sachs Group assumed coverage on shares of KLA in a research note on Thursday, July 10th. They issued a “neutral” rating and a $980.00 price objective for the company. Citigroup lifted their price objective on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, TD Cowen boosted their target price on shares of KLA from $800.00 to $900.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.