Premier Path Wealth Partners LLC Acquires 7,360 Shares of KLA Corporation $KLAC

Premier Path Wealth Partners LLC raised its holdings in KLA Corporation (NASDAQ:KLAC) by 1,036.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,070 shares of the semiconductor company’s stock after buying an additional 7,360 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in KLA were worth $2,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TOWER TRUST & INVESTMENT Co grew its holdings in KLA by 829.7% in the second quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock worth $2,249,000 after purchasing an additional 6,654 shares during the period. Abacus FCF Advisors LLC acquired a new position in shares of KLA during the second quarter valued at about $20,763,000. Bank of New York Mellon Corp acquired a new position in shares of KLA during the second quarter valued at about $2,522,430,000. Handelsbanken Fonder AB boosted its position in shares of KLA by 978.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock worth $259,164,000 after purchasing an additional 779,317 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. boosted its position in shares of KLA by 600.7% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 31,561 shares of the semiconductor company’s stock worth $9,522,000 after purchasing an additional 27,057 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Price Performance

Shares of NASDAQ KLAC opened at $172.94 on Friday. The stock has a market cap of $225.95 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 1.53 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. KLA Corporation has a fifty-two week low of $83.90 and a fifty-two week high of $307.37. The firm’s 50-day simple moving average is $206.78 and its 200 day simple moving average is $188.65.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, research analysts anticipate that KLA Corporation will post 5.42 earnings per share for the current fiscal year.

KLA Increases Dividend

The business 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from KLA’s previous quarterly dividend of $0.23. KLA’s payout ratio is currently 25.07%.

Analyst Ratings Changes

A number of brokerages recently commented on KLAC. Citigroup reaffirmed a “buy” rating on shares of KLA in a research report on Wednesday, June 17th. Stifel Nicolaus set a $250.00 price target on KLA and gave the stock a “buy” rating in a report on Wednesday, July 29th. Bank of America raised their price objective on KLA from $210.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Rothschild & Co Redburn upped their target price on KLA from $140.00 to $186.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $253.00 target price on shares of KLA in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $222.22.

Insiders Place Their Bets

In other news, CAO Virendra Kirloskar sold 4,504 shares of the company’s stock in a transaction 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 $1,558,526. This represents a 36.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 27,701 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total transaction of $7,359,878.69. Following the completion of the sale, the chief financial officer owned 263,472 shares of the company’s stock, valued at approximately $70,001,875.68. This represents a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 258,533 shares of company stock worth $55,977,470 in the last three months. 91.48% of the stock is owned by corporate insiders.

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.