Saudi Central Bank grew its position in KLA Corporation (NASDAQ:KLAC – Free Report) by 1,791.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,754 shares of the semiconductor company’s stock after purchasing an additional 86,904 shares during the period. Saudi Central Bank’s holdings in KLA were worth $27,683,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Allied Private Wealth LLC bought a new stake in KLA in the 2nd quarter worth about $27,000. Carolina Wealth Advisors LLC lifted its position in shares of KLA by 900.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock worth $30,000 after buying an additional 90 shares in the last quarter. Basepoint Wealth LLC bought a new position in shares of KLA during the 4th quarter worth approximately $32,000. Triumph Capital Management purchased a new position in shares of KLA in the 3rd quarter worth approximately $40,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of KLA in the fourth quarter valued at approximately $41,000. 86.65% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 price target on shares of KLA in a research report on Wednesday, July 29th. Zacks Research upgraded KLA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $225.00 price target on shares of KLA in a report on Wednesday, July 29th. Susquehanna set a $215.00 price objective on shares of KLA and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Bank of America lifted their price objective on shares of KLA from $210.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.22.
Insider Transactions at KLA
In related news, CAO Virendra Kirloskar sold 4,504 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 value of $880,532.00. Following the completion of the transaction, the chief accounting officer directly owned 7,972 shares of the company’s stock, valued at approximately $1,558,526. This trade represents a 36.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP MaryBeth Wilkinson sold 14,392 shares of KLA 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 completion of the transaction, the executive vice president owned 53,367 shares of the company’s stock, valued at $15,225,605.10. This represents a 21.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 258,533 shares of company stock valued at $55,977,470. 91.48% of the stock is currently owned by insiders.
KLA Stock Performance
Shares of KLAC opened at $185.60 on Friday. KLA Corporation has a 1 year low of $87.83 and a 1 year high of $307.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The stock’s fifty day moving average price is $205.50 and its two-hundred day moving average price is $188.63. The firm has a market cap of $242.50 billion, a PE ratio of 50.61, a PEG ratio of 1.65 and a beta of 1.45.
KLA (NASDAQ:KLAC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%.The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The firm’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. On average, equities research analysts forecast that KLA Corporation will post 5.42 EPS for the current year.
KLA Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.23 per share. This is a boost 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 was Monday, August 17th. KLA’s dividend payout ratio (DPR) is 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.
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