Farmers National Bank Increases Stock Holdings in KLA Corporation $KLAC

Farmers National Bank boosted its holdings in KLA Corporation (NASDAQ:KLAC) by 14.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 583 shares of the semiconductor company’s stock after buying an additional 75 shares during the quarter. Farmers National Bank’s holdings in KLA were worth $522,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KLAC. Vanguard Group Inc. grew its holdings in KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company’s stock valued at $9,221,230,000 after buying an additional 80,154 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of KLA by 27.9% in 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 acquiring an additional 404,634 shares during the last quarter. Amundi grew its holdings in KLA by 18.0% in the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after purchasing an additional 251,339 shares during the period. Charles Schwab Investment Management Inc. increased its position in KLA by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 890,607 shares of the semiconductor company’s stock worth $605,435,000 after purchasing an additional 33,551 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in KLA by 19.7% during the first quarter. JPMorgan Chase & Co. now owns 605,424 shares of the semiconductor company’s stock worth $411,568,000 after purchasing an additional 99,515 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLAC has been the topic of a number of research analyst reports. BNP Paribas Exane lifted their price target on shares of KLA from $820.00 to $1,200.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of KLA in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on KLA from $1,070.00 to $1,485.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Berenberg Bank raised their price objective on KLA from $1,010.00 to $1,460.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on KLA from $1,120.00 to $1,280.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,241.50.

KLA Price Performance

KLAC stock opened at $1,136.73 on Tuesday. The firm has a market cap of $149.36 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.52. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $1,284.47. The stock has a 50-day simple moving average of $1,122.51 and a 200-day simple moving average of $960.38.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share for the quarter, topping analysts’ consensus estimates of $8.47 by $0.34. KLA had a return on equity of 113.10% and a net margin of 33.83%.The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the business earned $7.33 EPS. KLA’s quarterly revenue was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. On average, equities analysts predict that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a dividend of $1.90 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $7.60 annualized dividend and a yield of 0.7%. KLA’s payout ratio is 23.86%.

Insiders Place Their Bets

In other KLA news, insider Ahmad A. Khan sold 13,716 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following the completion of the transaction, the insider directly owned 27,372 shares of the company’s stock, valued at $24,128,418. This represents a 33.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard P. Wallace sold 10,803 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $1,203.10, for a total value of $12,997,089.30. Following the sale, the chief executive officer owned 81,211 shares of the company’s stock, valued at $97,704,954.10. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 91.48% of the company’s stock.

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.