Boston Trust Walden Corp Grows Stock Position in KLA Corporation $KLAC

Key Points

• Boston Trust Walden Corp increased its stake in KLA Corporation by 20.8%, acquiring a total of 60,004 shares worth approximately $53.7 million.
• KLA reported earnings per share of $9.38 for the last quarter, surpassing analysts' expectations of $8.53, and experienced a year-over-year revenue growth of 23.6%.
• Institutional investors own a significant 86.65% of KLA's stock, indicating strong institutional confidence in the company.

Boston Trust Walden Corp raised its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 20.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,004 shares of the semiconductor company's stock after acquiring an additional 10,318 shares during the period. Boston Trust Walden Corp's holdings in KLA were worth $53,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. 3Chopt Investment Partners LLC purchased a new position in shares of KLA during the 1st quarter worth about $402,000. GAMMA Investing LLC lifted its stake in KLA by 40.1% in the first 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 last quarter. Confluence Wealth Services Inc. bought a new stake in KLA in the first quarter worth about $1,479,000. Strs Ohio purchased a new stake in shares of KLA in the first quarter worth approximately $26,473,000. Finally, Acadian Asset Management LLC raised its holdings in shares of KLA by 37.7% in the first quarter. Acadian Asset Management LLC now owns 41,784 shares of the semiconductor company's stock worth $28,400,000 after buying an additional 11,442 shares during the period. Institutional investors own 86.65% of the company's stock.

Analyst Ratings Changes

KLAC has been the topic of several research analyst reports. Morgan Stanley set a $1,093.00 price objective on KLA and gave the company an "equal weight" rating in a research report on Monday, September 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of KLA in a research note on Wednesday, October 8th. Raymond James Financial reiterated an "outperform" rating and set a $950.00 price objective (up previously from $850.00) on shares of KLA in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of KLA from $920.00 to $1,115.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $979.89.

KLA Price Performance

NASDAQ KLAC opened at $1,025.00 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The firm's 50 day moving average price is $966.13 and its 200-day moving average price is $853.74. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $1,155.00. The company has a market cap of $134.97 billion, a PE ratio of 33.73, a P/E/G ratio of 2.95 and a beta of 1.50.

KLA (NASDAQ:KLAC - Get Free Report) last posted its 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. The company had revenue of $3.17 billion during 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%.KLA's revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Sell-side analysts forecast that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 18th. KLA's payout ratio is 25.01%.

Insider Buying and Selling at KLA

In related news, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the sale, the insider owned 27,372 shares of the company's stock, valued at $24,128,418. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the executive vice president directly 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. Insiders have sold 32,566 shares of company stock worth $29,313,522 over the last quarter. Insiders own 91.48% of the company's stock.

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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