Fuller & Thaler Asset Management Inc. Has $16.24 Million Holdings in KLA Corporation $KLAC

Key Points

• Fuller & Thaler Asset Management Inc. has increased its holdings in KLA Corporation by 22.9%, now owning nearly $16.24 million worth of shares.
• Recent upgrades to KLA’s stock price targets from various analysts range from $900 to $960, with a consensus hold rating and average target of approximately $890.59.
• KLA Corporation reported strong quarterly earnings, with a net margin of 33.41% and a revenue increase of 23.6% year-over-year, exceeding analyst expectations.

Fuller & Thaler Asset Management Inc. lifted its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,894 shares of the semiconductor company's stock after buying an additional 4,453 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in KLA were worth $16,243,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KLAC. GAMMA Investing LLC increased its position in shares of KLA by 95,141.6% during the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock worth $1,138,221,000 after buying an additional 1,672,589 shares during the period. Nuveen LLC acquired a new stake in shares of KLA during the first quarter worth $348,822,000. Goldman Sachs Group Inc. increased its position in shares of KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock worth $1,259,543,000 after buying an additional 404,634 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of KLA by 33.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,191,262 shares of the semiconductor company's stock worth $750,638,000 after buying an additional 300,015 shares during the period. Finally, Voloridge Investment Management LLC increased its position in shares of KLA by 421.8% during the fourth quarter. Voloridge Investment Management LLC now owns 325,411 shares of the semiconductor company's stock worth $205,048,000 after buying an additional 263,051 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their price objective 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. Stifel Nicolaus increased their target price on shares of KLA from $770.00 to $922.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Oppenheimer increased their target price on shares of KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. UBS Group increased their target price 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. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $890.59.

KLA Stock Down 0.8%

KLA stock opened at $876.08 on Wednesday. KLA Corporation has a 1-year low of $551.33 and a 1-year high of $959.26. The firm has a market capitalization of $115.61 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 3.01 and a beta of 1.44. The firm's fifty day moving average price is $903.99 and its two-hundred day moving average price is $782.96. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data 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 net margin of 33.41% and a return on equity of 112.41%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the firm earned $6.60 earnings per share. The business's quarterly 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, equities research analysts predict that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th. KLA's dividend payout ratio (DPR) is 25.01%.

KLA announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at KLA

In other KLA news, CEO Richard P. Wallace sold 10,801 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $9,868,657.68. Following the transaction, the chief executive officer directly owned 92,818 shares of the company's stock, valued at approximately $84,805,950.24. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 1,019 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $766.46, for a total transaction of $781,022.74. Following the completion of the transaction, the chief financial officer directly owned 27,779 shares in the company, valued at $21,291,492.34. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,908 shares of company stock valued at $18,038,659 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

About KLA

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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