Lmcg Investments LLC Purchases 15,258 Shares of KLA Corporation $KLAC

Lmcg Investments LLC raised its position in KLA Corporation (NASDAQ:KLAC) by 111.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,952 shares of the semiconductor company’s stock after acquiring an additional 15,258 shares during the quarter. Lmcg Investments LLC’s holdings in KLA were worth $5,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC boosted its position in shares of KLA by 6.8% during the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock worth $139,000 after buying an additional 6 shares during the period. Cornerstone Planning Group LLC grew its holdings in KLA by 36.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $88,000 after buying an additional 16 shares in the last quarter. Stiles Financial Services Inc increased its position in KLA by 1.0% in the 1st quarter. Stiles Financial Services Inc now owns 1,783 shares of the semiconductor company’s stock valued at $2,625,000 after acquiring an additional 17 shares during the period. Steigerwald Gordon & Koch Inc. increased its position in KLA by 28.2% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 100 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 22 shares during the period. Finally, Root Financial Partners LLC raised its stake in KLA by 3.3% during the 1st quarter. Root Financial Partners LLC now owns 822 shares of the semiconductor company’s stock valued at $1,211,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 87,568 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total value of $17,421,653.60. Following the completion of the sale, the chief executive officer owned 778,944 shares in the company, valued at $154,970,908.80. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Virendra Kirloskar sold 4,504 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the transaction, the chief accounting officer directly owned 7,972 shares of the company’s stock, valued at $1,558,526. This represents a 36.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 243,339 shares of company stock valued at $46,903,454 in the last quarter. Company insiders own 79.39% of the company’s stock.

KLA Trading Up 1.0%

KLA stock opened at $163.43 on Thursday. KLA Corporation has a 12-month low of $107.20 and a 12-month 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 has a market capitalization of $213.28 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.45. The firm has a 50 day simple moving average of $184.46 and a 200-day simple moving average of $197.34.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, equities research analysts expect that KLA Corporation will post 5.43 EPS for the current fiscal year.

KLA Increases Dividend

The company 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 is a boost from KLA’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, August 17th. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. KLA’s payout ratio is 25.07%.

Analyst Upgrades and Downgrades

KLAC has been the subject of a number of analyst reports. UBS Group reduced their price target on KLA from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Sanford C. Bernstein reissued an “outperform” rating and set a $225.00 price target on shares of KLA in a report on Wednesday, July 29th. Barclays reissued an “overweight” rating and set a $225.00 price target on shares of KLA in a report on Monday, July 20th. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 price objective on shares of KLA in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded shares of KLA from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Nineteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $221.26.

KLA Company Profile

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.