KLA Corporation $KLAC Stake Increased by Formuepleje A S

Formuepleje A S boosted its stake in KLA Corporation (NASDAQ:KLAC) by 1,125.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,062 shares of the semiconductor company’s stock after acquiring an additional 27,609 shares during the period. KLA accounts for 0.7% of Formuepleje A S’s portfolio, making the stock its 25th largest position. Formuepleje A S’s holdings in KLA were worth $9,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Monetary Management Group Inc. increased its holdings in KLA by 0.4% in the second quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock valued at $3,380,000 after buying an additional 15 shares during the last quarter. Tandem Wealth Advisors LLC lifted 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 worth $934,000 after buying an additional 16 shares during the last quarter. WFA of San Diego LLC bought a new position in KLA during the 2nd quarter worth approximately $90,000. Captrust Financial Advisors grew its position in shares of KLA by 13.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock worth $4,584,000 after acquiring an additional 619 shares in the last quarter. Finally, Seven Mile Advisory acquired a new position in shares of KLA in the 3rd quarter worth approximately $444,000. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on KLAC shares. Stifel Nicolaus set a $250.00 price objective on KLA and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Barclays reiterated an “overweight” rating and set a $225.00 target price on shares of KLA in a research note on Monday, July 20th. UBS Group reduced their price target on shares of KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of KLA in a research report on Wednesday, July 29th. Finally, Susquehanna set a $215.00 price objective on shares of KLA and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One 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 stock. Based on data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $222.22.

Insider Buying and Selling

In related news, CAO Virendra A. Kirloskar sold 4,504 shares of the 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 completion of 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bren Higgins sold 27,701 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 263,472 shares in the company, valued at approximately $70,001,875.68. This represents a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 258,533 shares of company stock valued at $55,977,470 in the last ninety days. Insiders own 91.48% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC opened at $185.60 on Monday. 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 has a market capitalization of $242.50 billion, a PE ratio of 50.61, a P/E/G ratio of 1.65 and a beta of 1.45. KLA Corporation has a 1-year low of $87.83 and a 1-year high of $307.37. The business’s fifty day moving average price is $205.50 and its two-hundred day moving average price is $188.93.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. KLA had a net margin of 35.57% and a return on equity of 87.66%. 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 company’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. On average, research analysts expect that KLA Corporation will post 5.42 EPS for the current year.

KLA Increases Dividend

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

KLA Company 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.