KLA Corporation $KLAC Shares Acquired by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC increased its stake in KLA Corporation by 14.2%, owning 4,835 shares worth approximately $3.29 million as of its latest SEC filing.
• KLA experienced a quarterly earnings beat with $9.38 EPS, surpassing estimates, while also raising its Q1 2026 guidance to 7.760-9.300 EPS.
• The company announced a quarterly dividend of $1.90, equating to an annualized dividend of $7.60 and a yield of 0.9%, payable on September 3rd.

First Manhattan CO. LLC. boosted its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,835 shares of the semiconductor company's stock after buying an additional 600 shares during the quarter. First Manhattan CO. LLC.'s holdings in KLA were worth $3,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. 3Chopt Investment Partners LLC acquired a new stake in shares of KLA in the first quarter valued at approximately $402,000. GAMMA Investing LLC grew its position in shares of KLA by 40.1% in the first quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company's stock valued at $1,674,000 after purchasing an additional 705 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of KLA in the first quarter valued at approximately $1,479,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of KLA by 2.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,990 shares of the semiconductor company's stock valued at $93,624,000 after purchasing an additional 3,846 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of KLA in the first quarter valued at approximately $55,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KLAC shares. Raymond James Financial restated an "outperform" rating and set a $950.00 target price (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. Oppenheimer raised their target price 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. Wall Street Zen lowered shares of KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. The Goldman Sachs Group assumed coverage on shares of KLA in a research report on Thursday, July 10th. They set a "neutral" rating and a $980.00 target price on the stock. Finally, UBS Group increased their price target on shares of KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $890.59.

KLA Trading Up 0.8%

Shares of KLAC stock traded up $7.25 during mid-day trading on Monday, reaching $912.34. The company's stock had a trading volume of 318,733 shares, compared to its average volume of 1,135,239. The company's 50 day simple moving average is $903.20 and its 200-day simple moving average is $793.96. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $959.26. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $120.39 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 3.08 and a beta of 1.48.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 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 business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the firm posted $6.60 EPS. The business's revenue for the quarter 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, research analysts predict that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.8%. KLA's payout ratio is 25.01%.

Insider Activity

In related news, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the sale, the insider owned 27,372 shares of the company's stock, valued at $24,128,418. The trade was a 33.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian Lorig sold 8,049 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 11,479 shares of the company's stock, 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. Over the last quarter, insiders sold 32,605 shares of company stock worth $29,348,291. 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.