OneAscent Investment Solutions LLC Buys Shares of 690 KLA Corporation $KLAC

Key Points

• OneAscent Investment Solutions LLC acquired 690 shares of KLA Corporation during Q1, valued at approximately $469,000, marking a new investment in the semiconductor sector.
• KLA announced a $1.90 quarterly dividend with a yield of 0.8%, planned to be paid on September 3rd, indicating a commitment to returning value to shareholders.
• Several analysts have raised their price targets for KLA, with JPMorgan Chase setting a new target at $1,070.00, showcasing bullish sentiment among market watchers.

OneAscent Investment Solutions LLC purchased a new position in KLA Corporation (NASDAQ:KLAC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 690 shares of the semiconductor company's stock, valued at approximately $469,000.

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in shares of KLA during the 1st quarter valued at $35,000. Olde Wealth Management LLC bought a new stake in shares of KLA during the 1st quarter valued at $36,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of KLA during the 1st quarter valued at $37,000. Hazlett Burt & Watson Inc. purchased a new position in shares of KLA in the first quarter worth $45,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of KLA by 527.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company's stock worth $47,000 after buying an additional 58 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

KLA stock traded down $4.14 during trading on Tuesday, reaching $879.25. The company had a trading volume of 285,931 shares, compared to its average volume of 1,155,789. The firm's 50-day simple moving average is $903.60 and its 200 day simple moving average is $782.31. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market capitalization of $116.03 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.98 and a beta of 1.44. KLA Corporation has a 1-year low of $551.33 and a 1-year high of $959.26.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating analysts' consensus estimates of $8.53 by $0.85. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, equities research analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 18th. KLA's payout ratio is currently 25.01%.

KLA announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 30th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen boosted their target price on shares of KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a report on Friday, August 1st. UBS Group increased their price target on KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wells Fargo & Company reissued an "equal weight" rating and set a $920.00 price target (up from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Raymond James Financial reissued an "outperform" rating and set a $950.00 price target (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Finally, Citigroup increased their price target on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Eight 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, the company currently has an average rating of "Hold" and a consensus price target of $890.59.

Insider Buying and Selling

In other news, CAO Virendra A. Kirloskar sold 39 shares of KLA stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total transaction of $34,768.50. Following the transaction, the chief accounting officer owned 2,616 shares in the company, valued at $2,332,164. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard P. Wallace sold 10,801 shares of KLA stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $9,868,657.68. Following the transaction, the chief executive officer owned 92,818 shares in the company, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,908 shares of company stock worth $18,038,659 in the last quarter. 0.12% of the stock is currently owned by insiders.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.