KLA Corporation $KLAC Shares Purchased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in KLA Corporation by 110.6%, owning 82,112 shares valued at approximately $55.8 million as of the recent reporting period.
• KLA's recent earnings report exceeded analyst expectations, with earnings per share of $9.38 and revenue of $3.17 billion, reflecting a 23.6% year-over-year increase.
• The company announced a quarterly dividend of $1.90, representing an annualized yield of 0.8%, with a payout ratio of 25.01%.

Focus Partners Wealth grew its holdings in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 110.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,112 shares of the semiconductor company's stock after purchasing an additional 43,131 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of KLA worth $55,820,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 3Chopt Investment Partners LLC bought a new position in KLA in the 1st quarter worth approximately $402,000. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 705 shares during the period. Confluence Wealth Services Inc. purchased a new stake in KLA in the first quarter worth $1,479,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of KLA by 2.8% during 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 acquiring an additional 3,846 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of KLA during the first quarter valued at $55,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KLAC shares. Morgan Stanley lifted their target price on KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company reiterated an "equal weight" rating and issued a $920.00 target price (up previously from $870.00) on shares of KLA in a research report on Tuesday, July 8th. Citigroup boosted their price target on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a report on Friday, August 1st. TD Cowen boosted their price target on KLA from $800.00 to $900.00 and gave the company a "hold" rating in a report on Friday, August 1st. Finally, Barclays upped their target price on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $890.59.

Insider Buying and Selling

In other KLA news, insider Ahmad A. Khan sold 13,716 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the sale, the insider owned 27,372 shares of the company's stock, valued at approximately $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $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 ninety days, insiders sold 32,605 shares of company stock valued at $29,348,291. 0.12% of the stock is owned by insiders.

KLA Trading Up 0.5%

KLA stock traded up $4.74 during midday trading on Friday, reaching $964.02. 583,894 shares of the stock traded hands, compared to its average volume of 886,747. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The firm has a market cap of $127.21 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 3.27 and a beta of 1.48. The company has a 50-day simple moving average of $905.95 and a two-hundred day simple moving average of $800.44. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $968.09.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the company earned $6.60 EPS. The business'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. Research analysts expect that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

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

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.