GAMMA Investing LLC Purchases 302 Shares of KLA Corporation $KLAC

Key Points

• GAMMA Investing LLC increased its stake in KLA Corporation by 12.3%, holding a total of 2,765 shares valued at approximately $2.48 million at the end of the second quarter.
• Several large investors, including Goldman Sachs and Nuveen LLC, have significantly increased their positions in KLA, indicating strong institutional interest with 86.65% of the company's stock owned by institutions.
• KLA reported earnings of $9.38 per share in its latest quarter, exceeding analysts' expectations, with guidance for the upcoming year suggesting continued strong performance.

GAMMA Investing LLC raised its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,765 shares of the semiconductor company's stock after purchasing an additional 302 shares during the quarter. GAMMA Investing LLC's holdings in KLA were worth $2,477,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 3Chopt Investment Partners LLC acquired a new position in KLA in the first quarter valued at about $402,000. Confluence Wealth Services Inc. bought a new position in KLA in the 1st quarter valued at about $1,479,000. Strs Ohio acquired a new stake in KLA in the first quarter valued at approximately $26,473,000. Acadian Asset Management LLC raised its holdings in KLA by 37.7% during the 1st quarter. Acadian Asset Management LLC now owns 41,784 shares of the semiconductor company's stock worth $28,400,000 after purchasing an additional 11,442 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 worth $93,624,000 after purchasing an additional 3,846 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KLA

In other news, 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 value of $7,354,210.32. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard P. Wallace sold 10,801 shares of KLA stock in a transaction dated 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 owned 92,818 shares in the company, valued at $84,805,950.24. This trade represents a 10.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,605 shares of company stock valued at $29,348,291 in the last 90 days. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen increased their price target on KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Raymond James Financial reaffirmed an "outperform" rating and set a $950.00 price objective (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. Wells Fargo & Company reissued an "equal weight" rating and issued a $920.00 target price (up from $870.00) on shares of KLA in a research report on Tuesday, July 8th. Cantor Fitzgerald restated an "overweight" rating on shares of KLA in a research report on Tuesday, June 24th. Finally, Oppenheimer raised their price objective on KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $900.29.

KLA Stock Performance

Shares of KLAC traded up $26.44 during midday trading on Monday, reaching $1,071.25. 1,019,393 shares of the stock were exchanged, compared to its average volume of 875,783. The company has a market capitalization of $141.36 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 3.56 and a beta of 1.48. The business's 50-day moving average price is $917.99 and its 200 day moving average price is $814.53. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,076.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83.

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

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 18th. KLA's dividend payout ratio (DPR) 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.