Concentric Capital Strategies LP Makes New Investment in KLA Corporation $KLAC

Key Points

• Concentric Capital Strategies LP acquired a new stake of 2,730 shares in KLA Corporation, valued at approximately $1.86 million, in the first quarter.
• Various institutional investors significantly increased their stakes in KLA, with GAMMA Investing LLC boosting its holdings by an extraordinary 95,141.6% during the same period.
• KLA Corporation reported earnings of $9.38 per share for the last quarter, exceeding estimates, and also declared a quarterly dividend of $1.90 per share, representing a yield of 0.9%.

Concentric Capital Strategies LP purchased a new position in KLA Corporation (NASDAQ:KLAC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,730 shares of the semiconductor company's stock, valued at approximately $1,856,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. MAI Capital Management grew its position in shares of KLA by 1.0% during the first quarter. MAI Capital Management now owns 1,365 shares of the semiconductor company's stock worth $928,000 after purchasing an additional 14 shares in the last quarter. IFC Advisors LLC grew its position in shares of KLA by 4.6% during the first quarter. IFC Advisors LLC now owns 342 shares of the semiconductor company's stock worth $232,000 after purchasing an additional 15 shares in the last quarter. Trust Investment Advisors grew its position in shares of KLA by 1.3% during the first quarter. Trust Investment Advisors now owns 1,188 shares of the semiconductor company's stock worth $808,000 after purchasing an additional 15 shares in the last quarter. Lockerman Financial Group Inc. grew its position in shares of KLA by 3.8% during the first quarter. Lockerman Financial Group Inc. now owns 438 shares of the semiconductor company's stock worth $298,000 after purchasing an additional 16 shares in the last quarter. Finally, Childress Capital Advisors LLC grew its position in shares of KLA by 3.3% during the first quarter. Childress Capital Advisors LLC now owns 495 shares of the semiconductor company's stock worth $337,000 after purchasing an additional 16 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Brian Lorig sold 8,049 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ahmad A. Khan sold 13,716 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock valued at $29,348,291 over the last quarter. 0.12% of the stock is currently owned by insiders.

KLA Trading Up 1.3%

Shares of NASDAQ:KLAC traded up $11.61 during trading on Tuesday, hitting $920.59. The company had a trading volume of 244,942 shares, compared to its average volume of 1,133,515. The stock has a market cap of $121.48 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 3.08 and a beta of 1.48. KLA Corporation has a one year low of $551.33 and a one year high of $959.26. The company has a fifty day simple moving average of $903.47 and a two-hundred day simple moving average of $795.04. 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 posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $0.85. The business 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%.The company's revenue for the quarter was up 23.6% on a year-over-year basis. During the same period last year, the company earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, equities analysts forecast that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 18th. KLA's dividend payout ratio (DPR) is currently 25.01%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KLAC. TD Cowen increased their target price on KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and set a $950.00 price target (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Citigroup increased their price target on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company reissued an "equal weight" rating and set a $920.00 price target (up from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Finally, Barclays increased their price target on KLA from $590.00 to $750.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. 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, the stock presently has an average rating of "Hold" and a consensus price target of $890.59.

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.