Corient Private Wealth LP Acquires 285,355 Shares of KLA Corporation $KLAC

Key Points

• Corient Private Wealth LP increased its KLA stake by 696.1% in the second quarter, acquiring 285,355 shares and bringing its total holdings to 326,349 shares valued at approximately $98.5 million. Institutional investors collectively own 86.65% of KLA.
• KLA reported quarterly EPS of $1.05, exceeding the $1.00 consensus estimate, while revenue rose 15.2% year over year to $3.66 billion. Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $222.22.
• Company insiders sold 213,413 shares worth approximately $46.0 million over the past three months, including substantial sales by the CEO and an executive vice president. KLA also declared a quarterly dividend of $0.23 per share, yielding about 0.5%.

Corient Private Wealth LP grew its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 696.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 326,349 shares of the semiconductor company's stock after acquiring an additional 285,355 shares during the quarter. Corient Private Wealth LP's holdings in KLA were worth $98,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Basepoint Wealth LLC acquired a new position in KLA during the 4th quarter valued at $32,000. Hilton Head Capital Partners LLC acquired a new position in KLA in the 4th quarter valued at approximately $41,000. Triumph Capital Management acquired a new position in KLA in the 3rd quarter valued at approximately $40,000. Nemes Rush Group LLC lifted its holdings in shares of KLA by 17.1% during the 4th quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company's stock worth $58,000 after acquiring an additional 7 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in KLA by 36.4% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Activity

In related news, EVP Brian Lorig sold 59,586 shares of KLA stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. The trade was a 43.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Wallace sold 87,568 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total transaction of $17,421,653.60. Following the completion of the sale, the chief executive officer owned 778,944 shares in the company, valued at $154,970,908.80. This represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 213,413 shares of company stock valued at $45,990,744. 91.48% of the stock is currently owned by corporate insiders.

KLA Stock Performance

Shares of KLA stock opened at $180.64 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. KLA Corporation has a fifty-two week low of $95.50 and a fifty-two week high of $307.37. The firm has a market capitalization of $236.02 billion, a P/E ratio of 49.26, a P/E/G ratio of 1.57 and a beta of 1.45. The company's 50 day moving average price is $197.46 and its two-hundred day moving average price is $189.87.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.05. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The firm's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, equities analysts forecast that KLA Corporation will post 5.42 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.23 dividend. This is a positive change from KLA's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. KLA's payout ratio is presently 25.07%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Sanford C. Bernstein restated an "outperform" rating and set a $225.00 price target on shares of KLA in a research note on Wednesday, July 29th. Bank of America raised their target price on KLA from $210.00 to $317.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Wells Fargo & Company set a $245.00 price objective on shares of KLA and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $253.00 target price on shares of KLA in a research note on Wednesday, July 29th. 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 MarketBeat.com, KLA currently has an average rating of "Moderate Buy" and a consensus target price of $222.22.

KLA Company Profile

KLA Corporation NASDAQ: KLAC develops process-control and yield-management technologies used by semiconductor and other advanced-electronics manufacturers. Its systems help customers detect, measure and analyze defects and variations during the production of integrated circuits, enabling manufacturers to improve process performance, product quality and manufacturing yields.

The company's portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect-review and analysis equipment, and software that supports process control and data management.

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