Amundi Has $1.03 Billion Stock Holdings in KLA Corporation $KLAC

Key Points

• Amundi increased its stake in KLA Corporation by 18.0%, acquiring an additional 251,339 shares, bringing its total holdings to approximately 1.645 million shares valued at over $1 billion.
• Research analysts have raised their price targets for KLA, with Oppenheimer and Raymond James setting targets of $950.00, indicating strong market expectations for the stock's performance.
• KLA Corporation's recent quarterly earnings report beat consensus estimates, reporting $9.38 EPS with a revenue of $3.17 billion, prompting an optimistic outlook for the current fiscal year.

Amundi lifted its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 18.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,645,599 shares of the semiconductor company's stock after acquiring an additional 251,339 shares during the quarter. Amundi owned approximately 1.24% of KLA worth $1,026,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 3Chopt Investment Partners LLC purchased a new stake in shares of KLA in the first quarter valued at approximately $402,000. GAMMA Investing LLC grew its holdings in shares of KLA by 40.1% during the 1st quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company's stock worth $1,674,000 after purchasing an additional 705 shares during the period. Confluence Wealth Services Inc. purchased a new position in shares of KLA during the 1st quarter worth $1,479,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in KLA by 2.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,990 shares of the semiconductor company's stock valued at $93,624,000 after acquiring an additional 3,846 shares during the period. Finally, NBC Securities Inc. purchased a new position in KLA during the 1st quarter valued at about $55,000. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KLAC shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $950.00 price target (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. The Goldman Sachs Group assumed coverage on KLA in a research report on Thursday, July 10th. They set a "neutral" rating and a $980.00 price target on the stock. Deutsche Bank Aktiengesellschaft downgraded KLA from a "buy" rating to a "hold" rating and set a $790.00 target price on the stock. in a research note on Tuesday, May 20th. TD Cowen lifted their target price on KLA from $800.00 to $900.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $890.59.

Insider Buying and Selling

In other news, CEO Richard P. Wallace sold 10,801 shares of the 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 completion of the sale, the chief executive officer owned 92,818 shares in the company, valued at $84,805,950.24. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Lorig sold 8,049 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $7,354,210.32. Following the completion of the sale, the executive vice president owned 11,479 shares of the company's stock, valued at $10,488,132.72. The trade was a 41.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,605 shares of company stock valued at $29,348,291. 0.12% of the stock is owned by insiders.

KLA Stock Up 0.2%

Shares of NASDAQ KLAC traded up $2.17 on Monday, hitting $907.26. The company had a trading volume of 344,218 shares, compared to its average volume of 1,135,536. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $959.26. The business has a 50 day moving average of $903.20 and a two-hundred day moving average of $793.96. 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 market capitalization of $119.72 billion, a P/E ratio of 29.89, a PEG ratio of 3.08 and a beta of 1.48.

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

KLA Announces Dividend

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

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.