Rehmann Capital Advisory Group Purchases 7,325 Shares of KLA Corporation $KLAC

Rehmann Capital Advisory Group raised its position in shares of KLA Corporation (NASDAQ:KLAC) by 1,229.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,921 shares of the semiconductor company’s stock after buying an additional 7,325 shares during the period. Rehmann Capital Advisory Group’s holdings in KLA were worth $2,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KLAC. Monetary Management Group Inc. boosted its holdings in shares of KLA by 0.4% in the 2nd quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock worth $3,380,000 after acquiring an additional 15 shares in the last quarter. Tandem Wealth Advisors LLC increased its holdings in KLA by 1.6% during the 2nd quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock valued at $934,000 after purchasing an additional 16 shares in the last quarter. WFA of San Diego LLC acquired a new stake in KLA during the 2nd quarter valued at $90,000. Captrust Financial Advisors raised its position in KLA by 13.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock valued at $4,584,000 after purchasing an additional 619 shares during the last quarter. Finally, Seven Mile Advisory acquired a new position in KLA in the third quarter worth $444,000. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus set a $250.00 target price on KLA and gave the stock a “buy” rating in a report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $270.00 price target on shares of KLA in a report on Wednesday, July 29th. Bank of America upped their price target on shares of KLA from $210.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $230.00 price objective on shares of KLA in a report on Tuesday, July 28th. Finally, Morgan Stanley restated an “overweight” rating and issued a $253.00 price objective on shares of KLA in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus target price of $222.22.

Insider Activity

In other news, CFO Bren D. Higgins sold 27,701 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total value of $7,359,878.69. Following the transaction, the chief financial officer owned 263,472 shares of the company’s stock, valued at approximately $70,001,875.68. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Lorig sold 59,586 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total transaction 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 258,533 shares of company stock worth $55,977,470. Corporate insiders own 91.48% of the company’s stock.

KLA Stock Down 2.6%

Shares of KLAC opened at $170.89 on Wednesday. The business’s fifty day moving average price is $209.84 and its two-hundred day moving average price is $188.27. The firm has a market capitalization of $223.28 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 1.35 and a beta of 1.45. KLA Corporation has a 52 week low of $83.22 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.

KLA (NASDAQ:KLAC) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping 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 the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, analysts predict that KLA Corporation will post 5.42 earnings per share for the current 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 issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 annualized dividend and a yield of 0.5%. This is an increase from KLA’s previous quarterly dividend of $0.23. KLA’s dividend payout ratio (DPR) is presently 25.07%.

KLA 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.