Cohen Capital Management Inc. lifted its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 900.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,550 shares of the semiconductor company's stock after buying an additional 15,795 shares during the quarter. Cohen Capital Management Inc.'s holdings in KLA were worth $5,295,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of KLAC. PFA Pension Forsikringsaktieselskab bought a new position in KLA in the 4th quarter valued at about $119,618,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of KLA by 151.2% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 116,292 shares of the semiconductor company's stock worth $171,230,000 after acquiring an additional 70,000 shares during the period. GAMMA Investing LLC grew its position in shares of KLA by 959.0% in the second quarter. GAMMA Investing LLC now owns 37,363 shares of the semiconductor company's stock valued at $11,273,000 after purchasing an additional 33,835 shares during the last quarter. Pinebridge Investments LLC acquired a new position in shares of KLA in the fourth quarter valued at approximately $32,812,000. Finally, CoreCap Advisors LLC increased its stake in shares of KLA by 839.9% during the second quarter. CoreCap Advisors LLC now owns 25,940 shares of the semiconductor company's stock worth $7,826,000 after purchasing an additional 23,180 shares during the period. Institutional investors own 86.65% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Rothschild & Co Redburn lifted their price target on KLA from $140.00 to $186.50 and gave the stock a "neutral" rating in a report on Tuesday, May 12th. Weiss Ratings reiterated a "buy (b-)" rating on shares of KLA in a research report on Friday, July 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $325.00 price target on shares of KLA in a research note on Wednesday, July 29th. Scotiabank set a $200.00 price target on shares of KLA in a research report on Wednesday, June 10th. Finally, Berenberg Bank lifted their price objective on shares of KLA from $177.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $223.70.
Read Our Latest Analysis on KLAC
KLA Stock Performance
KLAC opened at $193.22 on Friday. The firm has a market cap of $252.40 billion, a P/E ratio of 52.69, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. KLA Corporation has a 52-week low of $83.22 and a 52-week high of $307.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. The business's fifty day moving average is $223.51 and its 200-day moving average is $182.95.
KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.05. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.KLA's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts expect that KLA Corporation will post 5.42 EPS for the current fiscal year.
Insider Transactions at KLA
In other news, CEO Richard P. Wallace sold 45,120 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $221.34, for a total value of $9,986,725.44. Following the completion of the transaction, the chief executive officer owned 713,830 shares of the company's stock, valued at $157,996,990.71. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 27,701 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total transaction of $7,359,878.69. Following the completion of the transaction, the chief financial officer owned 263,472 shares of the company's stock, valued at approximately $70,001,875.68. This trade represents a 9.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,499 shares of company stock valued at $34,248,710 over the last three months. Company insiders own 91.48% of the company's stock.
More KLA News
Here are the key news stories impacting KLA this week:
- Positive Sentiment: KLA’s board declared a regular quarterly cash dividend of $0.23 per share, payable in September. The dividend reinforces shareholder returns and signals continued confidence in the company’s cash generation. KLA Declares Regular Cash Dividend
- Positive Sentiment: KLA recently exceeded quarterly expectations, reporting $1.05 in EPS versus the $1.00 consensus and revenue of $3.66 billion, up 15.2% year over year. Guidance for the next quarter of $1.06 to $1.26 per share supports the growth outlook.
- Positive Sentiment: A broader semiconductor rally driven by artificial-intelligence optimism, strong memory demand and expectations for chip-industry earnings is favorable for KLA’s wafer-inspection and process-control equipment demand. Semiconductor Rally Powers S&P 500 to Fresh Record High
- Neutral Sentiment: Analyst sentiment remains favorable, with a reported “Moderate Buy” consensus and several price targets above recent levels. However, KLA trades at a price-to-earnings ratio above 50, making the shares sensitive to any slowdown in semiconductor capital spending. KLA Stock Looks Fully Valued After Its Huge Run
- Negative Sentiment: Chief Accounting Officer Virendra Kirloskar sold 4,504 shares for approximately $881,000, while EVP Mary Beth Wilkinson sold 13,802 shares worth about $2.70 million. The sales reduced their holdings by roughly 36% and 38%, respectively, adding to a pattern of insider selling, although some transactions were related to equity-award tax obligations.
- Negative Sentiment: DekaBank Deutsche Girozentrale reported cutting its KLA position by approximately 2.86 million shares, or 90%, as of June 30. Because the disclosure is delayed, it is not necessarily a current trading signal, but it may reinforce concerns about institutional profit-taking and KLA’s elevated valuation.
About KLA
(
Free Report)
KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA's offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.
Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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