First Hawaiian Bank Has $1.06 Million Position in KLA Corporation $KLAC

Key Points

• First Hawaiian Bank increased its position in KLA Corporation by 24.0%, owning 1,554 shares worth approximately $1.06 million as of its most recent SEC filing.
• KLA Corporation's recent quarterly earnings reported $9.38 earnings per share, exceeding analysts' estimates of $8.53, with revenue rising 23.6% year-over-year to $3.17 billion.
• The company declared a quarterly dividend of $1.90, resulting in an annualized dividend yield of 0.8%, with a payout ratio of 25.01%.

First Hawaiian Bank grew its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 24.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,554 shares of the semiconductor company's stock after purchasing an additional 301 shares during the period. First Hawaiian Bank's holdings in KLA were worth $1,056,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KLAC. Sherbrooke Park Advisers LLC acquired a new stake in shares of KLA during the fourth quarter worth approximately $479,000. Tema Etfs LLC acquired a new stake in KLA during the 4th quarter valued at $546,000. Strategic Global Advisors LLC raised its position in KLA by 4.1% in the 4th quarter. Strategic Global Advisors LLC now owns 7,760 shares of the semiconductor company's stock valued at $4,890,000 after purchasing an additional 309 shares during the last quarter. Twinbeech Capital LP raised its position in KLA by 98.1% in the 4th quarter. Twinbeech Capital LP now owns 99,087 shares of the semiconductor company's stock valued at $62,437,000 after purchasing an additional 49,067 shares during the last quarter. Finally, WBI Investments LLC acquired a new position in KLA in the fourth quarter worth $1,069,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Activity

In related news, CAO Virendra A. Kirloskar sold 39 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were 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 owned 2,616 shares in the company, valued at $2,332,164. This represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated 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 owned 11,479 shares in the company, valued at approximately $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,605 shares of company stock worth $29,348,291 over the last quarter. 0.12% of the stock is owned by insiders.

KLA Price Performance

Shares of KLAC stock opened at $964.02 on Friday. The firm's 50 day moving average price is $905.95 and its two-hundred day moving average price is $800.44. 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 52-week low of $551.33 and a 52-week high of $968.09. The stock has a market cap of $127.21 billion, a PE ratio of 31.72, a PEG ratio of 3.27 and a beta of 1.48.

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

KLA Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group assumed coverage on shares of KLA in a research note on Thursday, July 10th. They issued a "neutral" rating and a $980.00 target price for the company. Raymond James Financial reiterated an "outperform" rating and set a $950.00 target price (up from $850.00) on shares of KLA in a research report on Friday, August 1st. Stifel Nicolaus raised their price target on shares of KLA from $770.00 to $922.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Oppenheimer boosted their price objective 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. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, KLA presently has an average rating of "Hold" and an average 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.

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