GFG Capital LLC Has $185,000 Stock Position in KLA Corporation $KLAC

Key Points

• GFG Capital LLC significantly reduced its stake in KLA Corporation by 97.4%, retaining only 206 shares valued at $185,000 after selling 7,734 shares in the second quarter.
• KLA Corporation's recent quarterly earnings exceeded analyst expectations, reporting $9.38 earnings per share on revenue of $3.17 billion, marking a 23.6% year-over-year increase.
• The company declared a quarterly dividend of $1.90 per share, reflecting a 0.7% yield and a payout ratio of 25.01%.

GFG Capital LLC trimmed its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 97.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206 shares of the semiconductor company's stock after selling 7,734 shares during the quarter. GFG Capital LLC's holdings in KLA were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. NBC Securities Inc. bought a new position in KLA during the first quarter worth about $55,000. Miracle Mile Advisors LLC boosted its holdings in KLA by 18.1% during the first quarter. Miracle Mile Advisors LLC now owns 476 shares of the semiconductor company's stock worth $324,000 after buying an additional 73 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in KLA by 10.4% during the first quarter. Capital Investment Advisors LLC now owns 814 shares of the semiconductor company's stock worth $553,000 after buying an additional 77 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in KLA by 9.1% during the first quarter. First Citizens Bank & Trust Co. now owns 506 shares of the semiconductor company's stock worth $344,000 after buying an additional 42 shares during the last quarter. Finally, Portside Wealth Group LLC bought a new position in KLA during the first quarter worth about $232,000. Institutional investors own 86.65% of the company's stock.

KLA Stock Down 2.0%

Shares of KLA stock opened at $1,062.59 on Thursday. The firm has a market cap of $139.93 billion, a PE ratio of 34.97, a P/E/G ratio of 3.25 and a beta of 1.50. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $1,155.00. The business's 50 day simple moving average is $958.53 and its 200 day simple moving average is $845.19. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly 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. The firm 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 quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, analysts predict that KLA Corporation will post 31.59 earnings per share 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 $1.90 dividend. The ex-dividend date was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.7%. KLA's payout ratio is 25.01%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KLAC shares. Deutsche Bank Aktiengesellschaft raised their target price on KLA from $930.00 to $1,070.00 and gave the stock a "hold" rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. raised their target price on KLA from $900.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group lifted their price objective on KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a report on Monday, July 21st. TD Cowen lifted their price objective on KLA from $800.00 to $900.00 and gave the company a "hold" rating in a report on Friday, August 1st. Finally, Citigroup lifted their price objective on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, KLA currently has an average rating of "Hold" and an average target price of $950.00.

Insider Activity at KLA

In related news, CEO Richard P. Wallace sold 10,801 shares of the business'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 $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ahmad A. Khan sold 13,716 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following 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 disclosure for this sale can be found here. Insiders sold 32,566 shares of company stock worth $29,313,522 in the last ninety days. 91.48% of the stock is owned by company insiders.

KLA 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.

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