KLA Corporation $KLAC is Analog Century Management LP's 7th Largest Position

Key Points

• Analog Century Management LP has reduced its stake in KLA Corporation by 9.7%, holding 93,059 shares worth approximately $63.26 million, which represents 5.1% of their investment portfolio.
• KLA Corporation reported strong quarterly earnings with a 9.38 EPS, exceeding estimates, alongside revenue growth of 23.6% year-over-year, totaling $3.17 billion.
• The company declared a quarterly dividend of $1.90 per share, which will be paid to investors on September 3rd; representing an annualized dividend yield of 0.9%.

Analog Century Management LP lessened its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,059 shares of the semiconductor company's stock after selling 9,959 shares during the period. KLA accounts for 5.1% of Analog Century Management LP's investment portfolio, making the stock its 7th largest position. Analog Century Management LP owned about 0.07% of KLA worth $63,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC raised its stake in shares of KLA by 30.7% during the 1st quarter. Evergreen Capital Management LLC now owns 1,009 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 237 shares during the period. Magnetar Financial LLC bought a new stake in shares of KLA during the 1st quarter valued at $385,000. Driehaus Capital Management LLC bought a new stake in shares of KLA during the 1st quarter valued at $1,792,000. Tema Etfs LLC raised its stake in shares of KLA by 142.4% during the 1st quarter. Tema Etfs LLC now owns 2,102 shares of the semiconductor company's stock valued at $1,429,000 after purchasing an additional 1,235 shares during the period. Finally, Itau Unibanco Holding S.A. raised its stake in shares of KLA by 35.6% during the 1st quarter. Itau Unibanco Holding S.A. now owns 122 shares of the semiconductor company's stock valued at $83,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating and set a $950.00 price objective (up from $850.00) on shares of KLA in a research note on Friday, August 1st. UBS Group boosted their price objective on KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Cantor Fitzgerald reiterated an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Oppenheimer boosted their price objective on KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen lowered KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $890.59.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Virendra A. Kirloskar sold 39 shares of the 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 transaction, the chief accounting officer owned 2,616 shares in the company, valued at $2,332,164. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,605 shares of company stock valued at $29,348,291 over the last 90 days. Company insiders own 0.12% of the company's stock.

KLA Price Performance

Shares of KLA stock traded down $10.64 during trading on Wednesday, hitting $835.72. 383,919 shares of the stock traded hands, compared to its average volume of 1,138,772. 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 stock has a market cap of $110.28 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.97 and a beta of 1.48. The firm's fifty day moving average is $904.48 and its 200-day moving average is $791.49. 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 EPS for the quarter, beating the consensus estimate of $8.53 by $0.85. The firm 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 company's revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Research analysts expect that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

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

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.