Boston Common Asset Management LLC Invests $9.45 Million in KLA Corporation $KLAC

Key Points

• Boston Common Asset Management LLC invested approximately $9.45 million in KLA Corporation, acquiring 10,544 shares during the second quarter.
• KLA Corporation recently reported earnings of $9.38 per share, exceeding estimates, with a revenue increase of 23.6% year-over-year, amounting to $3.17 billion for the quarter.
• A significant number of insiders have sold shares, cumulatively amounting to over $29 million in transactions in the last quarter, reflecting a decrease in their ownership stakes.

Boston Common Asset Management LLC bought a new position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 10,544 shares of the semiconductor company's stock, valued at approximately $9,445,000.

A number of other institutional investors have also modified their holdings of KLAC. Tilia Fiduciary Partners Inc. boosted its holdings in KLA by 3.6% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 3,424 shares of the semiconductor company's stock worth $3,067,000 after acquiring an additional 120 shares during the period. Community Financial Services Group LLC boosted its holdings in KLA by 1.5% in the 2nd quarter. Community Financial Services Group LLC now owns 8,482 shares of the semiconductor company's stock worth $7,598,000 after acquiring an additional 126 shares during the period. Newman Dignan & Sheerar Inc. boosted its holdings in KLA by 1.4% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 1,132 shares of the semiconductor company's stock worth $1,014,000 after acquiring an additional 16 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in KLA by 7,100.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 72 shares of the semiconductor company's stock worth $65,000 after acquiring an additional 71 shares during the period. Finally, Oakworth Capital Inc. boosted its holdings in KLA by 1,114.3% in the 2nd quarter. Oakworth Capital Inc. now owns 85 shares of the semiconductor company's stock worth $76,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.

Insider Transactions at KLA

In other news, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the completion of the transaction, the insider owned 27,372 shares of the company's stock, valued at approximately $24,128,418. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian Lorig sold 8,049 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 $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares of the company's stock, valued at approximately $10,488,132.72. The trade was a 41.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,566 shares of company stock valued at $29,313,522. 91.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and issued a $950.00 price target (up previously from $850.00) on shares of KLA in a report on Friday, August 1st. Wall Street Zen cut KLA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. The Goldman Sachs Group initiated coverage on KLA in a report on Thursday, July 10th. They issued a "neutral" rating and a $980.00 price target for the company. Barclays upped their price target on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Stifel Nicolaus increased their target price on KLA from $770.00 to $922.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $950.00.

KLA Price Performance

Shares of NASDAQ KLAC opened at $1,101.55 on Friday. KLA Corporation has a 1-year low of $551.33 and a 1-year high of $1,155.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. The business's fifty day moving average price is $948.08 and its two-hundred day moving average price is $838.11. The firm has a market capitalization of $145.05 billion, a PE ratio of 36.25, a P/E/G ratio of 3.30 and a beta of 1.50.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company earned $6.60 earnings per share. The firm'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, research analysts expect that KLA Corporation will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a $1.90 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.7%. KLA's dividend payout ratio is presently 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.

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