Advisors Asset Management Inc. Has $3.84 Million Position in KLA Corporation $KLAC

Key Points

• Advisors Asset Management Inc. reduced its holdings in KLA Corporation by 34%, now owning 5,654 shares valued at approximately $3.84 million.
• Institutional investors control 86.65% of KLA's stock, with multiple firms like Vanguard and Goldman Sachs significantly increasing their stakes in the company during the same quarter.
• KLA Corporation reported a 23.6% year-over-year revenue growth, achieving $3.17 billion with an EPS of $9.38, exceeding expectations.

Advisors Asset Management Inc. lowered its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 34.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,654 shares of the semiconductor company's stock after selling 2,909 shares during the quarter. Advisors Asset Management Inc.'s holdings in KLA were worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company's stock valued at $9,221,230,000 after buying an additional 80,154 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of KLA by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock valued at $1,259,543,000 after buying an additional 404,634 shares during the period. GAMMA Investing LLC increased its stake in shares of KLA by 95,141.6% in the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock valued at $1,138,221,000 after buying an additional 1,672,589 shares during the period. Amundi increased its stake in shares of KLA by 18.0% in the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company's stock valued at $1,026,983,000 after buying an additional 251,339 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of KLA by 9.0% in the first quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company's stock valued at $1,078,526,000 after buying an additional 131,620 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Activity at KLA

In related news, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the transaction, the insider directly owned 27,372 shares in the company, valued at $24,128,418. This trade represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Virendra A. Kirloskar sold 39 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total value of $34,768.50. Following the completion of the transaction, the chief accounting officer owned 2,616 shares in the company, valued at approximately $2,332,164. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,605 shares of company stock worth $29,348,291. Corporate insiders own 0.12% of the company's stock.

KLA Stock Performance

Shares of KLAC stock opened at $905.09 on Friday. The company has a market cap of $119.44 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.97 and a beta of 1.48. KLA Corporation has a 52 week low of $551.33 and a 52 week high of $959.26. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $903.20 and a 200-day moving average of $793.71.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, topping the consensus estimate of $8.53 by $0.85. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company's quarterly revenue 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. On average, equities analysts forecast that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.8%. KLA's dividend payout ratio (DPR) is 25.01%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KLAC shares. Raymond James Financial reissued an "outperform" rating and set a $950.00 target price (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. Wells Fargo & Company reissued an "equal weight" rating and set a $920.00 target price (up previously from $870.00) on shares of KLA in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. increased their target price on shares of KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of KLA from a "buy" rating to a "hold" rating and set a $790.00 target price for the company. in a research report on Tuesday, May 20th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $890.59.

KLA 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.

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