Teamwork Financial Advisors LLC Buys 60,063 Shares of KLA Corporation $KLAC

Teamwork Financial Advisors LLC lifted its position in KLA Corporation (NASDAQ:KLAC) by 698.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 68,668 shares of the semiconductor company’s stock after purchasing an additional 60,063 shares during the period. KLA comprises approximately 1.9% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 13th biggest holding. Teamwork Financial Advisors LLC’s holdings in KLA were worth $20,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. California State Teachers Retirement System boosted its position in KLA by 298,176.3% during the 2nd quarter. California State Teachers Retirement System now owns 599,111,883 shares of the semiconductor company’s stock valued at $180,758,046,000 after buying an additional 598,911,025 shares during the period. Wellington Management Group LLP raised its stake in shares of KLA by 928.9% during the second quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock valued at $4,471,832,000 after acquiring an additional 13,381,153 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of KLA during the second quarter worth about $2,522,430,000. NEOS Investment Management LLC grew its stake in shares of KLA by 987.0% in the second quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock worth $295,486,000 after purchasing an additional 889,269 shares during the last quarter. Finally, Railway Pension Investments Ltd increased its holdings in KLA by 960.4% during the 2nd quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock valued at $279,580,000 after purchasing an additional 839,265 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at $16,167,746.53. This trade represents a 43.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP MaryBeth Wilkinson sold 13,802 shares of KLA stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the transaction, the executive vice president directly owned 22,110 shares of the company’s stock, valued at approximately $4,322,505. This trade represents a 38.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 258,533 shares of company stock worth $55,977,470. 91.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KLAC. Wells Fargo & Company set a $245.00 price objective on KLA and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Zacks Research raised KLA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $260.00 target price (up from $200.00) on shares of KLA in a report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target (up from $170.00) on shares of KLA in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus set a $250.00 price target on shares of KLA and gave the company a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average target price of $222.22.

KLA Stock Up 1.8%

KLAC stock opened at $188.98 on Wednesday. KLA Corporation has a fifty-two week low of $91.02 and a fifty-two week high of $307.37. The company has a market capitalization of $246.91 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. The business’s 50 day moving average price is $201.39 and its two-hundred day moving average price is $189.49. 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 (NASDAQ:KLAC) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.61 billion. During the same quarter last year, the business posted $0.94 EPS. The firm’s revenue for the quarter 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, analysts forecast that KLA Corporation will post 5.42 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed 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 an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. KLA’s payout ratio is 25.07%.

KLA Company Profile

KLA Corporation (NASDAQ:KLAC) develops process-control and yield-management technologies used by semiconductor and other advanced-electronics manufacturers. Its systems help customers detect, measure and analyze defects and variations during the production of integrated circuits, enabling manufacturers to improve process performance, product quality and manufacturing yields.

The company’s portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect-review and analysis equipment, and software that supports process control and data management.