Value Partners Investments Inc. raised its holdings in shares of KLA Corporation (NASDAQ:KLAC – Free Report) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,182 shares of the semiconductor company’s stock after acquiring an additional 4,061 shares during the quarter. Value Partners Investments Inc.’s holdings in KLA were worth $4,921,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Formuepleje A S lifted its holdings in shares of KLA by 1,125.5% in the second quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company’s stock valued at $9,070,000 after purchasing an additional 27,609 shares in the last quarter. TOWER TRUST & INVESTMENT Co increased its stake in shares of 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 purchasing an additional 6,654 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of 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 purchasing an additional 13,794 shares in the last quarter. Abacus FCF Advisors LLC purchased a new position in shares of KLA during the 2nd quarter worth approximately $20,763,000. Finally, Colton Groome Financial Advisors LLC raised its position in shares of KLA by 40.1% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 28,728 shares of the semiconductor company’s stock worth $5,600,000 after purchasing an additional 8,225 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, EVP MaryBeth Wilkinson sold 13,802 shares of the company’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 $2,698,291.00. Following the completion of the transaction, the executive vice president directly owned 22,110 shares in the company, valued at approximately $4,322,505. This represents a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard P. Wallace sold 72,019 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $171.88, for a total value of $12,378,625.72. Following the transaction, the chief executive officer owned 706,925 shares in the company, valued at $121,506,269. This trade represents a 9.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 243,339 shares of company stock worth $46,903,454 over the last ninety days. Company insiders own 79.39% of the company’s stock.
KLA Trading Up 0.4%
NASDAQ KLAC traded up $0.66 during mid-day trading on Monday, reaching $166.40. 11,643,110 shares of the stock were exchanged, compared to its average volume of 11,100,209. The stock has a market capitalization of $217.15 billion, a PE ratio of 45.38, a PEG ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. KLA Corporation has a 1-year low of $107.20 and a 1-year high of $307.37. The business’s fifty day simple moving average is $186.66 and its 200 day simple moving average is $197.05.
KLA (NASDAQ:KLAC – Get Free Report) last issued 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 company 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%. KLA’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, research analysts anticipate that KLA Corporation will post 5.43 earnings per share for the current fiscal year.
KLA Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a positive change from KLA’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, August 17th. KLA’s payout ratio is 25.07%.
Analyst Ratings Changes
A number of research firms recently issued reports on KLAC. Stifel Nicolaus set a $250.00 target price on KLA and gave the company a “buy” rating in a research note on Wednesday, July 29th. Susquehanna set a $215.00 target price on KLA and gave the company a “neutral” rating in a report on Wednesday, July 29th. Needham & Company LLC reissued a “buy” rating and set a $270.00 price target on shares of KLA in a research report on Wednesday, July 29th. Barclays reissued an “overweight” rating and issued a $225.00 price target on shares of KLA in a report on Monday, July 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $230.00 price target on shares of KLA in a report on Tuesday, July 28th. Nineteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price of $221.26.
Read Our Latest Stock Analysis on KLA
About KLA
KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.
The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.
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