Allworth Financial LP increased its holdings in shares of KLA Corporation (NASDAQ:KLAC – Free Report) by 865.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,372 shares of the semiconductor company’s stock after purchasing an additional 185,894 shares during the period. Allworth Financial LP’s holdings in KLA were worth $62,566,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of KLAC. McIlrath & Eck LLC raised its holdings in shares of KLA by 6.8% in the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 6 shares during the last quarter. Motco grew its holdings in shares of KLA by 1.8% during the fourth quarter. Motco now owns 405 shares of the semiconductor company’s stock worth $492,000 after buying an additional 7 shares during the last quarter. Nemes Rush Group LLC grew its holdings in shares of KLA by 17.1% during the fourth quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company’s stock worth $58,000 after buying an additional 7 shares during the last quarter. SouthState Bank Corp increased its position in KLA by 6.7% in the 4th quarter. SouthState Bank Corp now owns 111 shares of the semiconductor company’s stock valued at $135,000 after acquiring an additional 7 shares during the period. Finally, Root Financial Partners LLC raised its stake in KLA by 1.3% during the 4th quarter. Root Financial Partners LLC now owns 796 shares of the semiconductor company’s stock valued at $967,000 after acquiring an additional 10 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
KLAC has been the subject of a number of recent research reports. Bank of America increased their price objective on KLA from $210.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded KLA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $195.00 price target (down from $220.00) on shares of KLA in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of KLA from $200.00 to $238.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, TD Cowen restated a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.22.
Insider Buying and Selling at KLA
In related news, CEO Richard P. Wallace sold 87,568 shares of KLA stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total transaction of $17,421,653.60. Following the completion of the transaction, the chief executive officer directly owned 778,944 shares of the company’s stock, valued at approximately $154,970,908.80. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Virendra Kirloskar sold 4,504 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $880,532.00. Following the sale, the chief accounting officer owned 7,972 shares in the company, valued at approximately $1,558,526. The trade was a 36.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 258,533 shares of company stock worth $55,977,470. Corporate insiders own 91.48% of the company’s stock.
KLA Price Performance
NASDAQ:KLAC traded up $3.38 during trading hours on Tuesday, hitting $188.98. The company’s stock had a trading volume of 12,400,449 shares, compared to its average volume of 11,358,996. KLA Corporation has a 52-week low of $91.02 and a 52-week high of $307.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. The business’s 50-day moving average is $203.64 and its two-hundred day moving average is $189.20. The company has a market capitalization of $246.91 billion, a PE ratio of 51.54, a PEG ratio of 1.65 and a beta of 1.45.
KLA (NASDAQ:KLAC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. KLA had a net margin of 35.57% and a return on equity of 87.66%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s 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. As a group, research analysts anticipate that KLA Corporation will post 5.42 EPS for the current fiscal year.
KLA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. This is a positive change from KLA’s previous quarterly dividend of $0.23. KLA’s payout ratio 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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