KLA Corporation $KLAC Stock Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its position in shares of KLA Corporation (NASDAQ:KLAC) by 145.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,147 shares of the semiconductor company’s stock after acquiring an additional 17,292 shares during the quarter. Integrated Advisors Network LLC’s holdings in KLA were worth $5,682,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. McIlrath & Eck LLC boosted its holdings in KLA by 6.8% in the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock valued at $139,000 after acquiring an additional 6 shares during the last quarter. Cornerstone Planning Group LLC increased its position in KLA by 36.4% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 16 shares during the period. Stiles Financial Services Inc increased its position in KLA by 1.0% in the first quarter. Stiles Financial Services Inc now owns 1,783 shares of the semiconductor company’s stock worth $2,625,000 after purchasing an additional 17 shares during the period. Steigerwald Gordon & Koch Inc. raised its holdings in KLA by 28.2% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 100 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 22 shares during the last quarter. Finally, Root Financial Partners LLC raised its holdings in KLA by 3.3% during the 1st quarter. Root Financial Partners LLC now owns 822 shares of the semiconductor company’s stock worth $1,211,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 2.8%

Shares of KLA stock opened at $161.74 on Wednesday. The business has a fifty day simple moving average of $185.35 and a 200 day simple moving average of $197.25. The stock has a market cap of $211.07 billion, a PE ratio of 44.11, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. KLA Corporation has a 12 month low of $107.20 and a 12 month high of $307.37.

KLA (NASDAQ:KLAC) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’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. Research analysts predict that KLA Corporation will post 5.43 EPS for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, August 17th. This is an increase from KLA’s previous quarterly dividend of $0.23. KLA’s dividend payout ratio is presently 25.07%.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of research reports. UBS Group cut their target price 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. Bank of America lifted 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. Weiss Ratings raised shares of KLA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $225.00 price objective on shares of KLA in a report on Wednesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $221.26.

Insider Buying and Selling

In related news, EVP MaryBeth Wilkinson sold 13,802 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 transaction of $2,698,291.00. Following the transaction, the executive vice president owned 22,110 shares of the company’s stock, valued at $4,322,505. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian Lorig sold 59,586 shares of KLA stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the transaction, the executive vice president directly owned 77,681 shares in the company, valued at $16,167,746.53. The trade was a 43.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 243,339 shares of company stock valued at $46,903,454. Insiders own 79.39% of the company’s stock.

About KLA

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.