Bank OZK raised its holdings in KLA Corporation (NASDAQ:KLAC – Free Report) by 788.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,204 shares of the semiconductor company’s stock after acquiring an additional 4,618 shares during the quarter. Bank OZK’s holdings in KLA were worth $1,570,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. California State Teachers Retirement System grew its stake in shares of KLA by 298,176.3% in the second quarter. California State Teachers Retirement System now owns 599,111,883 shares of the semiconductor company’s stock worth $180,758,046,000 after purchasing an additional 598,911,025 shares during the last quarter. Wellington Management Group LLP lifted its holdings in 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 buying an additional 13,381,153 shares during the period. Bank of New York Mellon Corp acquired a new position in KLA during the 2nd quarter worth about $2,522,430,000. NEOS Investment Management LLC grew its position in shares of KLA by 987.0% in the 2nd quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock valued at $295,486,000 after buying an additional 889,269 shares during the last quarter. Finally, Railway Pension Investments Ltd increased its stake in shares of 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 period. Institutional investors and hedge funds own 86.65% of the company’s stock.
Insider Activity at KLA
In other news, CAO Virendra A. Kirloskar sold 4,504 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the transaction, the chief accounting officer owned 7,972 shares of the company’s stock, valued at $1,558,526. This represents a 36.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bren Higgins sold 27,701 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total value 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 represents a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 258,533 shares of company stock worth $55,977,470. 91.48% of the stock is currently owned by insiders.
KLA Trading Up 1.8%
KLA (NASDAQ:KLAC – Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. KLA’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Equities analysts anticipate that KLA Corporation will post 5.42 EPS for the current year.
KLA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.23 per share. This is an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. KLA’s dividend payout ratio (DPR) is currently 25.07%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Susquehanna set a $215.00 price target on shares of KLA and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating and issued a $253.00 price target on shares of KLA in a research report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of KLA in a research note on Wednesday, June 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of KLA in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $222.22.
Read Our Latest Analysis on KLAC
About KLA
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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