6,900 KLA Corporation $KLAC Shares Sold by CoreCap Advisors LLC

Key Points

• CoreCap Advisors reduced its KLA position by 26.6% in the third quarter, selling 6,900 shares and retaining 19,040 shares valued at approximately $3.7 million.
• Analyst sentiment remains broadly positive, with 18 Buy ratings and 11 Holds; KLA has a consensus rating of “Moderate Buy” and an average price target of $221.26.
• KLA reported quarterly earnings and revenue above expectations, while institutional investors own 86.65% of its stock. The company also maintains a quarterly dividend of $0.23 per share, representing a 0.5% yield.

CoreCap Advisors LLC lowered its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 26.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,040 shares of the semiconductor company's stock after selling 6,900 shares during the period. CoreCap Advisors LLC's holdings in KLA were worth $3,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Allied Private Wealth LLC bought a new position in shares of KLA during the 2nd quarter valued at $27,000. Atomic Invest LLC boosted its holdings in KLA by 781.8% in the second quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Roble Belko & Company Inc boosted its holdings in KLA by 2,275.0% in the second quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 91 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in KLA by 900.0% during the second quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company's stock worth $30,000 after buying an additional 90 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC increased its position in KLA by 900.0% during the second quarter. Cherry Tree Wealth Management LLC now owns 120 shares of the semiconductor company's stock worth $36,000 after buying an additional 108 shares during the last quarter. Institutional investors own 86.65% of the company's stock.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of analyst reports. Weiss Ratings cut KLA from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 2nd. Stifel Nicolaus set a $250.00 price objective on KLA and gave the company a "buy" rating in a report on Wednesday, July 29th. Susquehanna set a $215.00 target price on KLA and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Citigroup reaffirmed a "buy" rating on shares of KLA in a research report on Wednesday, June 17th. Finally, Zacks Research downgraded KLA from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Eighteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $221.26.

Insider Transactions at KLA

In related news, CEO Richard Wallace sold 72,019 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the transaction, the chief executive officer directly owned 706,925 shares in the company, valued at $121,506,269. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP MaryBeth Wilkinson sold 13,802 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $2,698,291.00. Following the completion of the transaction, the executive vice president directly owned 22,110 shares of the company's stock, valued at approximately $4,322,505. This trade represents a 38.43% 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 ninety days. 79.39% of the stock is owned by corporate insiders.

KLA Stock Performance

KLAC opened at $196.72 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. The stock's 50 day moving average price is $187.79 and its two-hundred day moving average price is $195.65. The firm has a market capitalization of $256.72 billion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. KLA Corporation has a 12-month low of $98.10 and a 12-month high of $307.37.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.KLA's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, equities analysts forecast that KLA Corporation will post 5.43 earnings per share for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.23 dividend. The ex-dividend date was Monday, August 17th. This is a boost from KLA's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. KLA's dividend payout ratio is 25.07%.

KLA Company Profile

KLA Corporation NASDAQ: KLAC develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company's product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.

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