KLA Corporation $KLAC Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC reduced its stake in shares of KLA Corporation (NASDAQ:KLAC) by 3.3% in the third quarter, HoldingsChannel reports. The firm owned 126,618 shares of the semiconductor company’s stock after selling 4,290 shares during the period. KLA makes up approximately 2.9% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 9th largest position. Eagle Rock Investment Company LLC’s holdings in KLA were worth $24,682,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in KLA by 36.4% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 16 shares during the last quarter. Allied Private Wealth LLC bought a new position in KLA in the second quarter worth about $27,000. McIlrath & Eck LLC boosted its holdings in shares of KLA by 6.8% in the 1st quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 6 shares in the last quarter. Roble Belko & Company Inc grew its position in shares of KLA by 2,275.0% in the 2nd quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock worth $29,000 after buying an additional 91 shares during the last quarter. Finally, Atomic Invest LLC grew its position in shares of KLA by 781.8% in the 2nd quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.0%

NASDAQ:KLAC opened at $163.43 on Thursday. The company has a market cap of $213.28 billion, a PE ratio of 44.57, a P/E/G ratio of 1.43 and a beta of 1.45. KLA Corporation has a twelve month low of $107.20 and a twelve month high of $307.37. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $184.46 and its two-hundred day moving average is $197.34.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. KLA’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts anticipate that KLA Corporation will post 5.43 EPS for the current year.

KLA Increases Dividend

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

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $325.00 price objective on shares of KLA in a research note on Wednesday, July 29th. Needham & Company LLC restated a “buy” rating and issued a $270.00 target price on shares of KLA in a research note on Wednesday, July 29th. Susquehanna set a $215.00 price target on shares of KLA and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $250.00 price target on KLA and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded KLA from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Nineteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.26.

Insider Transactions at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $208.13, for a total value of $12,401,634.18. Following the transaction, the executive vice president directly owned 77,681 shares of the company’s stock, valued at $16,167,746.53. This represents a 43.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Virendra A. Kirloskar sold 4,504 shares of the firm’s stock in a transaction 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 owned 7,972 shares of the company’s stock, valued at $1,558,526. This trade represents a 36.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 243,339 shares of company stock valued at $46,903,454 in the last quarter. Insiders own 79.39% of the company’s stock.

KLA Company Profile

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.