Jump Financial LLC Has $1.17 Million Holdings in KLA Corporation $KLAC

Key Points

• Jump Financial LLC significantly reduced its stake in KLA Corporation by 71.7%, leaving it with 1,718 shares valued at approximately $1.17 million.
• Despite this reduction, several other institutional investors have increased their positions in KLA, reflecting an overall strong institutional ownership of 86.65%.
• KLA Corporation announced a quarterly dividend of $1.90 per share, set to be paid on September 3rd, with a yield of 0.9%.

Jump Financial LLC trimmed its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 71.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,718 shares of the semiconductor company's stock after selling 4,349 shares during the period. Jump Financial LLC's holdings in KLA were worth $1,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of KLA during the 1st quarter worth about $35,000. Olde Wealth Management LLC bought a new stake in shares of KLA during the first quarter worth approximately $36,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of KLA during the first quarter worth approximately $37,000. Hazlett Burt & Watson Inc. bought a new stake in shares of KLA during the first quarter worth approximately $45,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of KLA by 527.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company's stock worth $47,000 after buying an additional 58 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on KLAC. The Goldman Sachs Group began coverage on shares of KLA in a research note on Thursday, July 10th. They set a "neutral" rating and a $980.00 price target for the company. Deutsche Bank Aktiengesellschaft downgraded shares of KLA from a "buy" rating to a "hold" rating and set a $790.00 price target for the company. in a research note on Tuesday, May 20th. Barclays boosted their price target on shares of KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Raymond James Financial reissued an "outperform" rating and set a $950.00 price target (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Finally, Wall Street Zen cut shares of KLA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $890.59.

Insider Activity at KLA

In other news, insider Ahmad A. Khan sold 13,716 shares of the business'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 $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Virendra A. Kirloskar sold 39 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total transaction of $34,768.50. Following the sale, the chief accounting officer directly owned 2,616 shares in the company, valued at $2,332,164. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock worth $29,348,291 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

KLA Stock Down 1.3%

Shares of KLA stock traded down $10.86 on Wednesday, hitting $835.50. The company had a trading volume of 493,268 shares, compared to its average volume of 1,139,409. The firm has a market capitalization of $110.25 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.97 and a beta of 1.48. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $959.26. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a 50-day moving average of $904.48 and a 200-day moving average of $791.49.

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

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be issued a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 18th. KLA's dividend payout ratio is 25.01%.

About KLA

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.