Forvis Mazars Wealth Advisors LLC reduced its stake in KLA Corporation (NASDAQ:KLAC – Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,391 shares of the semiconductor company’s stock after selling 3,206 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in KLA were worth $12,357,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of KLAC. Formuepleje A S grew its holdings in KLA by 1,125.5% in the 2nd quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company’s stock valued at $9,070,000 after buying an additional 27,609 shares in the last quarter. TOWER TRUST & INVESTMENT Co increased its position in KLA by 829.7% during the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock worth $2,249,000 after buying an additional 6,654 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in KLA by 1,195.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,948 shares of the semiconductor company’s stock worth $4,510,000 after buying an additional 13,794 shares during the period. Abacus FCF Advisors LLC acquired a new stake in shares of KLA during the second quarter worth $20,763,000. Finally, Colton Groome Financial Advisors LLC lifted its holdings in shares of KLA by 40.1% during the third quarter. Colton Groome Financial Advisors LLC now owns 28,728 shares of the semiconductor company’s stock worth $5,600,000 after buying an additional 8,225 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on KLAC shares. Jefferies Financial Group reissued a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of KLA in a research report on Wednesday, July 29th. Oppenheimer reiterated an “outperform” rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. Zacks Research downgraded shares of KLA from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. JPMorgan Chase & Co. increased their target price on shares of KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Susquehanna set a $215.00 target price on shares of KLA and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $221.26.
KLA Price Performance
KLA stock traded down $6.12 during midday trading on Tuesday, reaching $184.00. The company’s stock had a trading volume of 10,449,497 shares, compared to its average volume of 11,056,614. KLA Corporation has a 52 week low of $99.86 and a 52 week high of $307.37. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $188.19 and a 200-day moving average price of $196.20. The stock has a market cap of $240.12 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.
KLA (NASDAQ:KLAC – Get Free Report) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm 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 quarter in the previous year, the firm earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, sell-side analysts predict that KLA Corporation will post 5.43 EPS for the current year.
KLA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.23 per share. This is a boost from KLA’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. KLA’s payout ratio is presently 25.07%.
Insider Activity at KLA
In related news, CAO Virendra Kirloskar sold 4,504 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP MaryBeth Wilkinson sold 13,802 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 $4,322,505. This represents a 38.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 243,339 shares of company stock valued at $46,903,454 in the last quarter. 79.39% of the stock is owned by company insiders.
KLA Profile
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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