Allstate Corp Grows Position in KLA Corporation $KLAC

Key Points

• Allstate Corp increased its stake in KLA Corporation by 26.0%, bringing its total holdings to 4,994 shares worth approximately $3.40 million.
• KLA Corporation reported an earnings per share (EPS) of $9.38 for the last quarter, outperforming analysts' expectations and marking a 23.6% increase in revenue compared to the previous year.
• The company announced a quarterly dividend payment of $1.90 per share, with a total annualized dividend yield of 0.9%.

Allstate Corp increased its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,994 shares of the semiconductor company's stock after buying an additional 1,030 shares during the quarter. Allstate Corp's holdings in KLA were worth $3,395,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. 1832 Asset Management L.P. boosted its holdings in shares of KLA by 41.0% in the 1st quarter. 1832 Asset Management L.P. now owns 58,976 shares of the semiconductor company's stock valued at $40,092,000 after buying an additional 17,148 shares during the last quarter. Compound Planning Inc. lifted its holdings in KLA by 28.2% during the 1st quarter. Compound Planning Inc. now owns 1,727 shares of the semiconductor company's stock valued at $1,174,000 after purchasing an additional 380 shares during the last quarter. Norinchukin Bank The lifted its holdings in KLA by 43.7% during the 1st quarter. Norinchukin Bank The now owns 10,245 shares of the semiconductor company's stock valued at $6,965,000 after purchasing an additional 3,115 shares during the last quarter. CW Advisors LLC acquired a new stake in KLA during the 1st quarter valued at $1,157,000. Finally, Summit Financial LLC lifted its holdings in shares of KLA by 100.4% during the first quarter. Summit Financial LLC now owns 912 shares of the semiconductor company's stock worth $620,000 after buying an additional 457 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KLAC shares. Cowen reissued a "hold" rating on shares of KLA in a report on Thursday, May 1st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft downgraded KLA from a "buy" rating to a "hold" rating and set a $790.00 price target for the company. in a research note on Tuesday, May 20th. The Goldman Sachs Group began coverage on KLA in a research note on Thursday, July 10th. They issued a "neutral" rating and a $980.00 price target for the company. Finally, TD Cowen lifted their target price on KLA from $800.00 to $900.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, KLA presently has a consensus rating of "Hold" and a consensus target price of $890.59.

Insider Buying and Selling

In other KLA news, CEO Richard P. Wallace sold 10,801 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 92,818 shares of the company's stock, valued at $84,805,950.24. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Virendra A. Kirloskar sold 39 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total value of $34,768.50. Following the completion of the sale, the chief accounting officer directly owned 2,616 shares in the company, valued at approximately $2,332,164. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,889 shares of company stock valued at $17,257,637. Corporate insiders own 0.12% of the company's stock.

KLA Stock Up 1.0%

KLA stock traded up $8.55 during trading on Tuesday, hitting $888.10. 812,229 shares of the company were exchanged, compared to its average volume of 1,148,859. The company has a market capitalization of $117.19 billion, a P/E ratio of 29.22, a PEG ratio of 2.96 and a beta of 1.44. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The business's 50 day moving average is $903.77 and its 200 day moving average is $787.34. KLA Corporation has a 52 week low of $551.33 and a 52 week 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 (EPS) for the quarter, beating analysts' consensus estimates of $8.53 by $0.85. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Analysts predict 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 will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a dividend of $1.90 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a yield of 0.9%. KLA's dividend payout ratio is 25.01%.

KLA declared that its board has initiated a stock repurchase program on Wednesday, April 30th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.