KLA Corporation $KLAC Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 1,005.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,379 shares of the semiconductor company’s stock after purchasing an additional 16,717 shares during the period. Integrated Wealth Concepts LLC’s holdings in KLA were worth $5,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KLAC. Allied Private Wealth LLC acquired a new stake in KLA during the second quarter valued at approximately $27,000. Roble Belko & Company Inc lifted its position in shares of KLA by 2,275.0% during the 2nd quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 91 shares during the last quarter. Carolina Wealth Advisors LLC boosted its stake in shares of KLA by 900.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 90 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of KLA in the 4th quarter worth $32,000. Finally, Triumph Capital Management acquired a new position in shares of KLA in the 3rd quarter worth $40,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 2.0%

KLA stock opened at $180.64 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. KLA Corporation has a 1-year low of $95.50 and a 1-year high of $307.37. The firm’s fifty day simple moving average is $197.46 and its 200-day simple moving average is $189.87. The company has a market capitalization of $236.02 billion, a P/E ratio of 49.26, a P/E/G ratio of 1.57 and a beta of 1.45.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts forecast that KLA Corporation will post 5.42 earnings per share for the current fiscal year.

KLA Increases Dividend

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

Insider Activity

In related news, EVP Brian Lorig sold 59,586 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the sale, the executive vice president owned 77,681 shares of the company’s stock, valued at $16,167,746.53. The trade was a 43.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard P. Wallace sold 87,568 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 778,944 shares of the company’s stock, valued at $154,970,908.80. This trade represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 213,413 shares of company stock valued at $45,990,744. Corporate insiders own 91.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KLAC. The Goldman Sachs Group reissued a “neutral” rating and issued a $230.00 price target on shares of KLA in a research note on Tuesday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective (up from $170.00) on shares of KLA in a research note on Wednesday, July 29th. Bank of America raised their target price on shares of KLA from $210.00 to $317.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Susquehanna set a $215.00 target price on shares of KLA and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Citigroup restated a “buy” rating on shares of KLA in a report on Wednesday, June 17th. One research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.22.

About KLA

KLA Corporation (NASDAQ:KLAC) develops process-control and yield-management technologies used by semiconductor and other advanced-electronics manufacturers. Its systems help customers detect, measure and analyze defects and variations during the production of integrated circuits, enabling manufacturers to improve process performance, product quality and manufacturing yields.

The company’s portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect-review and analysis equipment, and software that supports process control and data management.