SVB Wealth LLC Has $1.15 Million Stock Position in KLA Corporation $KLAC

SVB Wealth LLC increased its position in shares of KLA Corporation (NASDAQ:KLAC) by 890.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,812 shares of the semiconductor company’s stock after buying an additional 3,427 shares during the period. SVB Wealth LLC’s holdings in KLA were worth $1,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. Teamwork Financial Advisors LLC grew its position in shares of KLA by 698.0% in the second quarter. Teamwork Financial Advisors LLC now owns 68,668 shares of the semiconductor company’s stock valued at $20,718,000 after purchasing an additional 60,063 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in KLA by 919.9% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 31,249 shares of the semiconductor company’s stock valued at $9,428,000 after purchasing an additional 28,185 shares during the period. NorthRock Partners LLC boosted its stake in KLA by 934.6% during the 2nd quarter. NorthRock Partners LLC now owns 13,232 shares of the semiconductor company’s stock valued at $3,992,000 after purchasing an additional 11,953 shares during the period. Integrated Wealth Concepts LLC grew its holdings in KLA by 1,005.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,379 shares of the semiconductor company’s stock valued at $5,545,000 after buying an additional 16,717 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in KLA by 396.5% in the 2nd quarter. RFG Advisory LLC now owns 10,526 shares of the semiconductor company’s stock valued at $3,176,000 after buying an additional 8,406 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Down 3.2%

KLAC opened at $182.91 on Thursday. The company has a market capitalization of $238.98 billion, a P/E ratio of 49.88, a P/E/G ratio of 1.68 and a beta of 1.45. 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 firm’s fifty day moving average price is $199.72 and its two-hundred day moving average price is $189.74. KLA Corporation has a fifty-two week low of $91.49 and a fifty-two week high of $307.37.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data 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. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, analysts anticipate that KLA Corporation will post 5.42 EPS for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.5%. This is a boost from KLA’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 17th. KLA’s dividend payout ratio (DPR) is currently 25.07%.

Insider Activity

In other news, EVP MaryBeth Wilkinson sold 14,392 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $285.30, for a total value of $4,106,037.60. Following the completion of the transaction, the executive vice president directly owned 53,367 shares of the company’s stock, valued at approximately $15,225,605.10. This represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Virendra Kirloskar sold 4,504 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 7,972 shares of the company’s stock, valued at $1,558,526. This trade represents a 36.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 213,413 shares of company stock valued at $45,990,744. 91.48% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KLAC. Scotiabank set a $200.00 price target on KLA in a report on Wednesday, June 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 target price on shares of KLA in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $195.00 target price (down from $220.00) on shares of KLA in a research note on Wednesday, July 29th. Susquehanna set a $215.00 price target on shares of KLA and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, TD Cowen restated a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of KLA in a report on Thursday, July 9th. One investment 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. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.22.

About KLA

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.