Eventide Asset Management LLC Acquires 17,303 Shares of KLA Corporation $KLAC

Key Points

• Eventide Asset Management LLC increased its stake in KLA Corporation by 68.6%, acquiring a total of 42,514 shares worth approximately $28.87 million.
• KLA Corporation reported $9.38 EPS for the most recent quarter, exceeding analyst expectations, while revenues increased by 23.6% year-over-year.
• A recent quarterly dividend of $1.90 was declared, equating to an annualized dividend yield of 0.9%.

Eventide Asset Management LLC lifted its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 68.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 42,514 shares of the semiconductor company's stock after purchasing an additional 17,303 shares during the quarter. Eventide Asset Management LLC's holdings in KLA were worth $28,871,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 3Chopt Investment Partners LLC bought a new stake in shares of KLA in the 1st quarter worth about $402,000. GAMMA Investing LLC lifted its position in KLA by 40.1% during the 1st quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company's stock worth $1,674,000 after buying an additional 705 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in KLA during the 1st quarter worth about $1,479,000. Mirae Asset Global Investments Co. Ltd. lifted its position in KLA by 2.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,990 shares of the semiconductor company's stock worth $93,624,000 after buying an additional 3,846 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in KLA during the 1st quarter worth about $55,000. Institutional investors own 86.65% of the company's stock.

Insider Activity

In other KLA news, EVP Brian Lorig sold 8,049 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $7,354,210.32. Following the sale, the executive vice president directly owned 11,479 shares in the company, valued at approximately $10,488,132.72. This trade represents a 41.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the completion of the sale, the chief executive officer owned 92,818 shares in the company, valued at approximately $84,805,950.24. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,605 shares of company stock valued at $29,348,291. 0.12% of the stock is currently owned by company insiders.

KLA Trading Up 0.4%

KLA stock traded up $3.89 during trading hours on Monday, reaching $908.98. 886,406 shares of the company's stock traded hands, compared to its average volume of 1,138,785. 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 fifty-two week low of $551.33 and a fifty-two week high of $959.26. The firm has a market capitalization of $119.95 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.08 and a beta of 1.48. The firm's 50 day moving average is $903.20 and its 200-day moving average is $793.96.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.53 by $0.85. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company posted $6.60 EPS. The company's revenue was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, analysts predict that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company 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 0.8%. The ex-dividend date of this dividend was Monday, August 18th. KLA's dividend payout ratio is presently 25.01%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Oppenheimer upped their price target on shares of KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Cantor Fitzgerald reiterated an "overweight" rating on shares of KLA in a research report on Tuesday, June 24th. Citigroup upped their price target on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, TD Cowen upped their price target on shares of KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, KLA presently has an average rating of "Hold" and a consensus target price of $890.59.

KLA 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.