KLA Corporation $KLAC Shares Sold by GKV Capital Management Co. Inc.

Key Points

• GKV Capital Management Co. Inc. reduced its holdings in KLA Corporation by 36.7%, owning 950 shares valued at $646,000 after selling 550 shares during the first quarter.
• Insiders, including CEO Richard P. Wallace, sold a total of 18,889 shares worth approximately $17.26 million over the last three months, indicating a decrease in their ownership stakes.
• KLA Corporation reported earnings of $9.38 per share for the last quarter, surpassing estimates, with a quarterly revenue growth of 23.6% year-over-year.

GKV Capital Management Co. Inc. trimmed its holdings in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 36.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 950 shares of the semiconductor company's stock after selling 550 shares during the quarter. GKV Capital Management Co. Inc.'s holdings in KLA were worth $646,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in KLA during the 1st quarter valued at about $35,000. Olde Wealth Management LLC bought a new position in KLA during the 1st quarter valued at about $36,000. MJT & Associates Financial Advisory Group Inc. bought a new position in KLA during the 1st quarter valued at about $37,000. Hazlett Burt & Watson Inc. bought a new position in KLA during the 1st quarter valued at about $45,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in KLA by 527.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 58 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

Shares of NASDAQ KLAC traded down $26.04 during midday trading on Tuesday, reaching $845.96. The company had a trading volume of 1,225,885 shares, compared to its average volume of 1,141,730. The stock has a market cap of $111.63 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.97 and a beta of 1.48. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $959.26. The business's 50-day simple moving average is $905.33 and its 200 day simple moving average is $791.11. 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 results on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, beating the consensus estimate 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 net margin of 33.41% and a return on equity of 112.41%. The firm's revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the business earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, analysts forecast that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be paid a $1.90 dividend. This represents a $7.60 annualized dividend 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 currently 25.01%.

Insiders Place Their Bets

In other KLA news, CAO Virendra A. Kirloskar sold 39 shares of KLA stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total transaction of $34,768.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. This trade represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,889 shares of company stock valued at $17,257,637 over the last ninety days. Company insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of research analyst reports. UBS Group upped 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. Oppenheimer upped 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. Raymond James Financial restated an "outperform" rating and issued a $950.00 target price (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Cantor Fitzgerald restated an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, KLA presently has an average rating of "Hold" and an average price target of $890.59.

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.