KLA Corporation $KLAC Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

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BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,497 shares of the semiconductor company's stock after selling 6,561 shares during the period. KLA makes up approximately 0.7% of BI Asset Management Fondsmaeglerselskab A S's portfolio, making the stock its 25th largest position. BI Asset Management Fondsmaeglerselskab A S owned about 0.07% of KLA worth $65,599,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. MIG Capital LLC purchased a new position in KLA during the first quarter worth about $654,000. Legacy Financial Advisors Inc. raised its holdings in KLA by 20.1% during the first quarter. Legacy Financial Advisors Inc. now owns 658 shares of the semiconductor company's stock worth $447,000 after purchasing an additional 110 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in KLA by 22.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 23,894 shares of the semiconductor company's stock worth $16,243,000 after purchasing an additional 4,453 shares in the last quarter. Cornerstone Select Advisors LLC raised its holdings in KLA by 10.5% during the first quarter. Cornerstone Select Advisors LLC now owns 2,250 shares of the semiconductor company's stock worth $1,530,000 after purchasing an additional 213 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in KLA by 106.5% during the first quarter. Aptus Capital Advisors LLC now owns 1,790 shares of the semiconductor company's stock worth $1,217,000 after purchasing an additional 923 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KLAC. Cowen reissued a "hold" rating on shares of KLA in a report on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of KLA from $770.00 to $922.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Oppenheimer upped their target price on shares of KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. The Goldman Sachs Group began coverage on shares of KLA in a research report on Thursday, July 10th. They set a "neutral" rating and a $980.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of KLA from $900.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, KLA has an average rating of "Hold" and a consensus price target of $890.59.

KLA Trading Down 0.2%

KLAC traded down $2.11 during trading on Friday, hitting $870.28. The company's stock had a trading volume of 946,136 shares, compared to its average volume of 1,155,207. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $959.26. The stock has a market cap of $114.84 billion, a PE ratio of 28.64, a PEG ratio of 2.99 and a beta of 1.44. The firm's 50 day moving average price is $904.12 and its 200-day moving average price is $785.37. 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 (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 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 during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the business earned $6.60 earnings per share. The business's revenue for the quarter was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, analysts expect that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a $1.90 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.9%. KLA's dividend payout ratio (DPR) is currently 25.01%.

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

Insider Activity at KLA

In other KLA news, EVP Brian Lorig sold 8,049 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the transaction, the executive vice president owned 11,479 shares of the company's stock, valued at $10,488,132.72. This trade represents a 41.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of KLA stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total transaction 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 trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,889 shares of company stock worth $17,257,637. 0.12% of the stock is owned by company insiders.

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.