Belpointe Asset Management LLC Purchases 442 Shares of KLA Corporation $KLAC

Key Points

• Belpointe Asset Management LLC increased its position in KLA Corporation by 29.4%, acquiring an additional 442 shares, bringing its total holdings to 1,947 shares worth approximately $1.32 million.
• KLA stock reported a quarterly earnings beat with $9.38 EPS, exceeding estimates, and revenue of $3.17 billion, reflecting a year-over-year increase of 23.6%.
• The company announced a quarterly dividend of $1.90 per share, resulting in an annualized dividend yield of 0.8% and a payout ratio of 25.01%.

Belpointe Asset Management LLC boosted its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 29.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,947 shares of the semiconductor company's stock after purchasing an additional 442 shares during the quarter. Belpointe Asset Management LLC's holdings in KLA were worth $1,324,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company's stock worth $9,221,230,000 after purchasing an additional 80,154 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in KLA by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock worth $1,259,543,000 after purchasing an additional 404,634 shares in the last quarter. GAMMA Investing LLC raised its holdings in KLA by 95,141.6% in the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock worth $1,138,221,000 after purchasing an additional 1,672,589 shares in the last quarter. Amundi raised its holdings in KLA by 18.0% in the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company's stock worth $1,026,983,000 after purchasing an additional 251,339 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of KLA by 9.0% during 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 acquiring an additional 131,620 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Insider Transactions at KLA

In other KLA news, EVP Brian Lorig sold 8,049 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 $7,354,210.32. Following the transaction, the executive vice president directly owned 11,479 shares of the company's stock, valued at approximately $10,488,132.72. This trade represents a 41.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,605 shares of company stock valued at $29,348,291. Company insiders own 0.12% of the company's stock.

KLA Trading Up 2.9%

KLA stock opened at $959.28 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. KLA Corporation has a one year low of $551.33 and a one year high of $963.89. The stock has a market capitalization of $126.59 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 3.18 and a beta of 1.48. The business's fifty day moving average is $904.97 and its 200 day moving average is $798.36.

KLA (NASDAQ:KLAC - Get Free Report) last released 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 company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.KLA's revenue was up 23.6% compared to the same quarter last year. During the same period last year, the firm posted $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, sell-side analysts predict that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a $1.90 dividend. This represents a $7.60 annualized dividend 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KLAC shares. Stifel Nicolaus raised their price target on KLA from $770.00 to $922.00 and gave the company a "buy" rating in a report on Friday, August 1st. Barclays raised their price target on KLA from $590.00 to $750.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company restated an "equal weight" rating and set a $920.00 price target (up from $870.00) on shares of KLA in a report on Tuesday, July 8th. Raymond James Financial restated an "outperform" rating and set a $950.00 price target (up from $850.00) on shares of KLA in a report on Friday, August 1st. Finally, UBS Group raised their price target on KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $890.59.

About KLA

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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