Corebridge Financial Inc. Sells 2,031 Shares of KLA Corporation $KLAC

Key Points

• Corebridge Financial Inc. decreased its holdings in KLA Corporation by 4.5% during Q1, selling 2,031 shares, bringing its total to 43,061 shares worth approximately $29.27 million.
• Analyst ratings for KLA show eight analysts rating it as a "Buy" and ten as a "Hold", with the average price target set at $890.59.
• KLA Corporation recently announced a quarterly dividend of $1.90 per share, with a payout ratio of 25.01% and a stock repurchase program authorized for up to $5.00 billion.

Corebridge Financial Inc. trimmed its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,061 shares of the semiconductor company's stock after selling 2,031 shares during the quarter. Corebridge Financial Inc.'s holdings in KLA were worth $29,273,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CSM Advisors LLC bought a new position in KLA during the 1st quarter worth $200,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of KLA by 5.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 27,747 shares of the semiconductor company's stock valued at $18,863,000 after purchasing an additional 1,475 shares during the last quarter. Tandem Wealth Advisors LLC grew its holdings in shares of KLA by 9.6% during the 1st quarter. Tandem Wealth Advisors LLC now owns 1,027 shares of the semiconductor company's stock valued at $698,000 after purchasing an additional 90 shares during the last quarter. Synovus Financial Corp boosted its position in KLA by 14.3% during the 1st quarter. Synovus Financial Corp now owns 8,205 shares of the semiconductor company's stock worth $5,578,000 after buying an additional 1,024 shares during the period. Finally, ICONIQ Capital LLC boosted its position in KLA by 38.0% during the 1st quarter. ICONIQ Capital LLC now owns 1,401 shares of the semiconductor company's stock worth $952,000 after buying an additional 386 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on KLAC. Citigroup raised their price objective on shares of KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Cowen restated a "hold" rating on shares of KLA in a research report on Thursday, May 1st. UBS Group boosted their price objective on KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wall Street Zen cut KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, TD Securities increased their price objective on KLA from $770.00 to $800.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $890.59.

KLA Stock Performance

Shares of KLAC stock traded up $5.11 on Thursday, reaching $894.00. The stock had a trading volume of 964,163 shares, compared to its average volume of 1,024,690. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $959.26. The stock has a market cap of $117.97 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 3.03 and a beta of 1.44. The company has a 50 day simple moving average of $904.58 and a 200 day simple moving average of $789.03.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities 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 will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a $1.90 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a yield of 0.9%. KLA's payout ratio is currently 25.01%.

KLA declared that its board has authorized a stock buyback plan on Wednesday, April 30th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Brian Lorig sold 8,049 shares of the business'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 value of $7,354,210.32. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Virendra A. Kirloskar sold 39 shares of KLA stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total value of $34,768.50. Following the completion of the sale, the chief accounting officer directly owned 2,616 shares in the company, valued at approximately $2,332,164. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,889 shares of company stock valued at $17,257,637. Corporate insiders own 0.12% of the company's stock.

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.