Hancock Whitney Corp Has $3.32 Million Holdings in KLA Corporation $KLAC

Key Points

• Hancock Whitney Corp has reduced its stake in KLA Corporation by 29.7% during the first quarter, leaving them with 4,877 shares valued at approximately $3.32 million.
• Insiders have significantly sold KLA shares, with one insider selling 13,716 shares for over $12 million, resulting in a 33.38% decrease in their position.
• KLA Corporation reported a 23.6% revenue increase year-over-year in its latest earnings, surpassing analysts' expectations with a quarterly revenue of $3.17 billion.

Hancock Whitney Corp lessened its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 29.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,877 shares of the semiconductor company's stock after selling 2,063 shares during the quarter. Hancock Whitney Corp's holdings in KLA were worth $3,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company's stock valued at $9,221,230,000 after purchasing an additional 80,154 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in KLA by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock valued at $1,259,543,000 after purchasing an additional 404,634 shares during the last quarter. GAMMA Investing LLC increased its holdings in KLA by 95,141.6% in the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock valued at $1,138,221,000 after purchasing an additional 1,672,589 shares during the last quarter. Amundi increased its holdings in KLA by 18.0% in the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company's stock valued at $1,026,983,000 after purchasing an additional 251,339 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in KLA by 9.0% in the first quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company's stock valued at $1,078,526,000 after purchasing an additional 131,620 shares during the last quarter. Institutional investors own 86.65% of the company's stock.

Insider Buying and Selling

In other news, CAO Virendra A. Kirloskar sold 39 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total value of $34,768.50. Following the completion of the sale, the chief accounting officer directly owned 2,616 shares of the company's stock, valued at $2,332,164. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the transaction, the insider owned 27,372 shares in the company, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,605 shares of company stock worth $29,348,291. Insiders own 0.12% of the company's stock.

KLA Stock Up 1.2%

KLAC traded up $10.78 on Wednesday, hitting $928.51. 240,440 shares of the company were exchanged, compared to its average volume of 1,130,810. KLA Corporation has a 12 month low of $551.33 and a 12 month high of $959.26. The company has a market cap of $122.53 billion, a PE ratio of 30.57, a PEG ratio of 3.10 and a beta of 1.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The stock's fifty day moving average is $903.84 and its 200-day moving average is $795.89.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the company posted $6.60 earnings per share. KLA's revenue was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities research analysts predict 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 issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 18th. KLA's dividend payout ratio is presently 25.01%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded KLA from a "buy" rating to a "hold" rating and set a $790.00 price target for the company. in a report on Tuesday, May 20th. UBS Group increased their price target on KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company restated an "equal weight" rating and issued a $920.00 price target (up from $870.00) on shares of KLA in a report on Tuesday, July 8th. Raymond James Financial restated an "outperform" rating and issued a $950.00 price target (up from $850.00) on shares of KLA in a report on Friday, August 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a research report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, KLA has a consensus rating of "Hold" and a consensus target price 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.