KLA Corporation $KLAC Stock Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC boosted its stake in shares of KLA Corporation (NASDAQ:KLAC) by 816.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,051 shares of the semiconductor company’s stock after purchasing an additional 2,718 shares during the quarter. Greenwich Wealth Management LLC’s holdings in KLA were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its stake in KLA by 6.8% during the 1st 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 last quarter. Nemes Rush Group LLC raised its stake in KLA by 17.1% in the fourth quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 7 shares during the last quarter. SouthState Bank Corp boosted its holdings in KLA by 6.7% in the fourth quarter. SouthState Bank Corp now owns 111 shares of the semiconductor company’s stock worth $135,000 after acquiring an additional 7 shares in the last quarter. Root Financial Partners LLC boosted its holdings in KLA by 1.3% in the fourth quarter. Root Financial Partners LLC now owns 796 shares of the semiconductor company’s stock worth $967,000 after acquiring an additional 10 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of KLA by 36.4% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC traded up $4.54 during midday trading on Tuesday, reaching $193.71. 3,525,519 shares of the company’s stock traded hands, compared to its average volume of 11,190,205. KLA Corporation has a 1 year low of $98.10 and a 1 year high of $307.37. The company has a market cap of $252.80 billion, a P/E ratio of 52.83, a PEG ratio of 1.67 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. The company has a fifty day simple moving average of $187.98 and a two-hundred day simple moving average of $192.65.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the firm posted $0.94 EPS. KLA’s revenue was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Equities analysts predict that KLA Corporation will post 5.41 EPS for the current fiscal year.

KLA Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research raised shares of KLA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. UBS Group cut their price target on shares of KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, September 1st. Oppenheimer reissued an “outperform” rating and set a $260.00 price target (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $230.00 price objective on shares of KLA in a report on Tuesday, July 28th. Finally, Bank of America increased their price objective on shares of KLA from $210.00 to $317.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.22.

Insiders Place Their Bets

In related news, CAO Virendra Kirloskar sold 4,504 shares of KLA stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the completion of the sale, the chief accounting officer owned 7,972 shares in the company, valued at approximately $1,558,526. This trade represents a 36.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP MaryBeth Wilkinson sold 13,802 shares of KLA stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $2,698,291.00. Following the completion of the sale, the executive vice president directly owned 22,110 shares of the company’s stock, valued at $4,322,505. The trade was a 38.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 285,432 shares of company stock worth $58,369,370. 79.39% of the stock is currently owned by company insiders.

KLA Company Profile

KLA Corporation (NASDAQ: KLAC) develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company’s product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.