Knollwood Investment Advisory LLC lifted its stake in KLA Corporation (NASDAQ:KLAC – Free Report) by 901.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 115,116 shares of the semiconductor company’s stock after buying an additional 103,626 shares during the quarter. KLA makes up 3.1% of Knollwood Investment Advisory LLC’s holdings, making the stock its 7th largest holding. Knollwood Investment Advisory LLC’s holdings in KLA were worth $34,732,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of KLAC. Monetary Management Group Inc. grew its position in KLA by 0.4% during the 2nd quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock valued at $3,380,000 after purchasing an additional 15 shares during the last quarter. Tandem Wealth Advisors LLC lifted its stake in shares of KLA by 1.6% in the second quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock worth $934,000 after buying an additional 16 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of KLA in the second quarter worth approximately $90,000. Captrust Financial Advisors grew its holdings in shares of KLA by 13.8% during the second quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock valued at $4,584,000 after buying an additional 619 shares during the last quarter. Finally, Seven Mile Advisory bought a new stake in shares of KLA during the third quarter valued at approximately $444,000. Institutional investors own 86.65% of the company’s stock.
Insider Buying and Selling
In other KLA news, CEO Richard P. Wallace sold 87,568 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total value of $17,421,653.60. Following the completion of the sale, the chief executive officer owned 778,944 shares in the company, valued at approximately $154,970,908.80. This represents a 10.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP MaryBeth Wilkinson sold 14,392 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $285.30, for a total transaction of $4,106,037.60. Following the sale, the executive vice president directly owned 53,367 shares of the company’s stock, valued at approximately $15,225,605.10. This trade represents a 21.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 258,533 shares of company stock valued at $55,977,470 in the last 90 days. Insiders own 91.48% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on KLA
KLA Trading Up 0.4%
NASDAQ:KLAC opened at $172.94 on Friday. The company has a market cap of $225.95 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. 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 company has a 50 day simple moving average of $206.78 and a two-hundred day simple moving average of $188.65. KLA Corporation has a 12 month low of $83.90 and a 12 month high of $307.37.
KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly 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 analysts’ expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Research analysts forecast that KLA Corporation will post 5.42 earnings per share for the current year.
KLA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.23 dividend. This is a positive change 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 of this dividend was Monday, August 17th. KLA’s dividend payout ratio is currently 25.07%.
KLA Company Profile
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.
Read More
- Five stocks we like better than KLA
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Corporation (NASDAQ:KLAC – Free Report).
Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.
