KLA Corporation $KLAC Shares Bought by Groupe la Francaise

Groupe la Francaise grew its holdings in shares of KLA Corporation (NASDAQ:KLACFree Report) by 451.2% during the second quarter, Holdings Channel reports. The firm owned 117,682 shares of the semiconductor company’s stock after purchasing an additional 96,331 shares during the quarter. Groupe la Francaise’s holdings in KLA were worth $35,328,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KLAC. California State Teachers Retirement System lifted its holdings in KLA by 298,176.3% during the 2nd quarter. California State Teachers Retirement System now owns 599,111,883 shares of the semiconductor company’s stock worth $180,758,046,000 after buying an additional 598,911,025 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of KLA by 928.9% during the 2nd quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock worth $4,471,832,000 after purchasing an additional 13,381,153 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of KLA during the 2nd quarter worth $2,522,430,000. NEOS Investment Management LLC grew its stake in shares of KLA by 987.0% during the second quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock worth $295,486,000 after purchasing an additional 889,269 shares in the last quarter. Finally, Railway Pension Investments Ltd increased its holdings in KLA by 960.4% in the second quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock valued at $279,580,000 after buying an additional 839,265 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP MaryBeth Wilkinson sold 13,802 shares of KLA stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $2,698,291.00. Following the transaction, the executive vice president directly owned 22,110 shares of the company’s stock, valued at $4,322,505. The trade was a 38.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bren Higgins sold 27,701 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total transaction of $7,359,878.69. Following the completion of the sale, the chief financial officer owned 263,472 shares of the company’s stock, valued at approximately $70,001,875.68. This trade represents a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 258,533 shares of company stock valued at $55,977,470. 91.48% of the stock is owned by insiders.

Analysts Set New Price Targets

KLAC has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on KLA from $200.00 to $238.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 price objective on shares of KLA in a report on Wednesday, July 29th. UBS Group decreased their target price on KLA from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Citigroup reaffirmed a “buy” rating on shares of KLA in a report on Wednesday, June 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price target on shares of KLA in a research note on Wednesday, July 29th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.22.

Check Out Our Latest Stock Analysis on KLAC

KLA Stock Performance

Shares of KLAC stock opened at $185.60 on Monday. The stock’s 50-day moving average is $205.50 and its two-hundred day moving average is $188.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. KLA Corporation has a 1 year low of $87.83 and a 1 year high of $307.37. The firm has a market cap of $242.50 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 1.65 and a beta of 1.45.

KLA (NASDAQ:KLACGet Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts predict that KLA Corporation will post 5.42 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.23 dividend. This is an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, August 17th. KLA’s dividend payout ratio (DPR) is presently 25.07%.

About KLA

(Free Report)

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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