Hummer Financial Advisory Services Inc bought a new stake in KLA Corporation (NASDAQ:KLAC – Free Report) in the third quarter, HoldingsChannel reports. The firm bought 3,000 shares of the semiconductor company’s stock, valued at approximately $585,000.
Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC grew its stake in KLA by 6.8% in the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 6 shares during the period. Cornerstone Planning Group LLC lifted its position in KLA by 36.4% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 16 shares during the period. Stiles Financial Services Inc lifted its position in KLA by 1.0% during the first quarter. Stiles Financial Services Inc now owns 1,783 shares of the semiconductor company’s stock valued at $2,625,000 after buying an additional 17 shares during the period. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of KLA by 28.2% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 100 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 22 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of KLA by 3.3% during the 1st quarter. Root Financial Partners LLC now owns 822 shares of the semiconductor company’s stock valued at $1,211,000 after buying an additional 26 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.
Insider Transactions at KLA
In related news, EVP MaryBeth Wilkinson sold 13,802 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the completion of the sale, the executive vice president owned 22,110 shares in the company, valued at approximately $4,322,505. This represents a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Lorig sold 59,586 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This represents a 43.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 243,339 shares of company stock worth $46,903,454 in the last three months. 79.39% of the stock is owned by insiders.
KLA Stock Down 0.1%
KLA (NASDAQ:KLAC – Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%.The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $0.94 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts predict that KLA Corporation will post 5.43 earnings per share for the current fiscal year.
KLA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. 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%. KLA’s dividend payout ratio is presently 25.07%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on KLAC. UBS Group decreased their price target on shares of KLA from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Morgan Stanley set a $227.00 price objective on shares of KLA and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Susquehanna set a $215.00 target price on shares of KLA and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Barclays reiterated an “overweight” rating and set a $225.00 target price on shares of KLA in a report on Monday, July 20th. Eighteen equities 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 a consensus rating of “Moderate Buy” and a consensus price target of $221.26.
About KLA
KLA Corporation (NASDAQ: KLAC) develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.
The company’s product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.
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