MinichMacGregor Wealth Management LLC raised its position in shares of KLA Corporation (NASDAQ:KLAC – Free Report) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,609 shares of the semiconductor company’s stock after buying an additional 3,277 shares during the quarter. KLA comprises approximately 1.8% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 26th biggest position. MinichMacGregor Wealth Management LLC’s holdings in KLA were worth $10,645,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of KLA by 928.9% in 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 in the last quarter. Bank of New York Mellon Corp bought a new position in shares of KLA during the second quarter valued at $2,522,430,000. National Pension Service increased its holdings in shares of KLA by 899.4% during the second quarter. National Pension Service now owns 3,634,859 shares of the semiconductor company’s stock valued at $1,096,673,000 after acquiring an additional 3,271,158 shares in the last quarter. NEOS Investment Management LLC grew its position in KLA by 987.0% during the 2nd quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock valued at $295,486,000 after purchasing an additional 889,269 shares during the last quarter. Finally, Railway Pension Investments Ltd increased its position in shares of KLA by 960.4% during the second quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock valued at $279,580,000 after acquiring an additional 839,265 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Insider Activity at KLA
In other news, CAO Virendra Kirloskar sold 4,504 shares of the firm’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 $880,532.00. Following the transaction, the chief accounting officer owned 7,972 shares in the company, valued at approximately $1,558,526. This trade represents a 36.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brian Lorig sold 59,586 shares of KLA stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the transaction, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. The trade was a 43.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 243,339 shares of company stock valued at $46,903,454 over the last 90 days. 79.39% of the stock is currently owned by insiders.
KLA Price Performance
KLA (NASDAQ:KLAC – Get Free Report) last released 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 firm had revenue of $3.66 billion for 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 company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts expect that KLA Corporation will post 5.43 earnings per share for the current fiscal 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 paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 annualized dividend and a yield of 0.5%. This is a boost from KLA’s previous quarterly dividend of $0.23. KLA’s payout ratio is 25.07%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Wells Fargo & Company set a $245.00 target price on KLA and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Stifel Nicolaus set a $250.00 target price on KLA and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price objective on shares of KLA in a research note on Wednesday, July 29th. UBS Group lowered their target price on KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Finally, TD Cowen restated a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of KLA in a research report on Thursday, July 9th. Eighteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.26.
View Our Latest Analysis on KLA
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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