Generate Investment Management Ltd Purchases 102,807 Shares of KLA Corporation $KLAC

Key Points

• Generate Investment Management Ltd. acquired 102,807 KLA shares worth approximately $20.04 million in the third quarter, making KLA its 25th-largest holding and representing 0.8% of its portfolio.
• Analysts maintain a positive outlook: KLA has a consensus “Moderate Buy” rating from 29 analysts, with an average price target of $221.26 versus the reported trading price of $179.28.
• KLA exceeded quarterly earnings and revenue expectations, reporting $1.05 in EPS and $3.66 billion in revenue, while revenue increased 15.2% year over year; insiders, however, sold $46.9 million of stock over the prior 90 days.

Generate Investment Management Ltd acquired a new stake in KLA Corporation (NASDAQ:KLAC - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 102,807 shares of the semiconductor company's stock, valued at approximately $20,040,000. KLA makes up 0.8% of Generate Investment Management Ltd's holdings, making the stock its 25th largest holding.

Several other large investors also recently added to or reduced their stakes in the business. MinichMacGregor Wealth Management LLC grew its stake in KLA by 6.4% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 54,609 shares of the semiconductor company's stock worth $10,645,000 after buying an additional 3,277 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in KLA by 234.9% in the third quarter. First Citizens Bank & Trust Co. now owns 24,573 shares of the semiconductor company's stock worth $4,790,000 after buying an additional 17,235 shares during the period. Stonehearth Capital Management LLC bought a new stake in shares of KLA during the 3rd quarter valued at $298,000. Signal Advisors Wealth LLC increased its position in KLA by 12.3% during the 3rd quarter. Signal Advisors Wealth LLC now owns 1,068 shares of the semiconductor company's stock valued at $208,000 after buying an additional 117 shares in the last quarter. Finally, Foster Group Inc. lifted its stake in shares of KLA by 3.5% in the third quarter. Foster Group Inc. now owns 2,485 shares of the semiconductor company's stock worth $484,000 after buying an additional 85 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KLAC shares. Wells Fargo & Company set a $245.00 target price on shares of KLA and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Barclays reaffirmed an "overweight" rating and issued a $225.00 price target on shares of KLA in a report on Monday, July 20th. Cantor Fitzgerald restated an "overweight" rating and set a $325.00 price objective on shares of KLA in a report on Wednesday, July 29th. Oppenheimer restated an "outperform" rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a report on Thursday, July 16th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of KLA in a report on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.26.

Insider Activity at KLA

In related news, CAO Virendra A. Kirloskar sold 4,504 shares of KLA stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the sale, the chief accounting officer owned 7,972 shares of the company's stock, valued at approximately $1,558,526. This trade represents a 36.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP MaryBeth Wilkinson sold 13,802 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the completion of the sale, the executive vice president directly owned 22,110 shares of the company's stock, valued at approximately $4,322,505. The trade was a 38.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 243,339 shares of company stock worth $46,903,454 over the last 90 days. 79.39% of the stock is owned by insiders.

KLA Stock Performance

KLAC traded down $4.72 during trading on Wednesday, reaching $179.28. 4,496,825 shares of the company's stock were exchanged, compared to its average volume of 11,021,456. The stock has a market capitalization of $233.96 billion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45. The company's fifty day simple moving average is $187.96 and its 200-day simple moving average is $196.41. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. KLA Corporation has a 1 year low of $105.39 and a 1 year high of $307.37.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. KLA's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, research analysts predict that KLA Corporation will post 5.43 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.23 per share. This is a positive change from KLA's previous quarterly dividend of $0.23. The ex-dividend date was Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. KLA's payout ratio is 25.07%.

KLA Profile

KLA Corporation NASDAQ: KLAC develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company's product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.

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