Nissay Asset Management Corp Japan ADV Buys 1,320 Shares of KLA Corporation $KLAC

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in KLA Corporation by 2.9%, now owning 46,343 shares valued at $31.5 million.
• KLA's stock experienced a 3.5% increase, with a market capitalization of $115.24 billion and a current share price of $873.29.
• The company reported earnings of $9.38 per share for its last quarter, surpassing estimates, and revealed a year-over-year revenue increase of 23.6%.

Nissay Asset Management Corp Japan ADV boosted its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,343 shares of the semiconductor company's stock after purchasing an additional 1,320 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in KLA were worth $31,504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in shares of KLA by 4,100.0% during the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of KLA during the first quarter worth $35,000. Olde Wealth Management LLC purchased a new stake in shares of KLA during the first quarter worth $36,000. Saudi Central Bank acquired a new position in KLA during the first quarter worth $36,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in KLA during the first quarter worth $37,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

Shares of NASDAQ:KLAC traded up $8.71 during trading on Wednesday, reaching $926.44. The stock had a trading volume of 319,295 shares, compared to its average volume of 1,131,116. KLA Corporation has a 52 week low of $551.33 and a 52 week high of $959.26. The business's 50-day moving average price is $903.84 and its 200 day moving average price is $795.89. 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 market capitalization of $122.25 billion, a PE ratio of 30.48, a P/E/G ratio of 3.10 and a beta of 1.48.

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

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. KLA's payout ratio is 25.01%.

Insider Activity

In related news, EVP Brian Lorig sold 8,049 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $7,354,210.32. Following the completion of the transaction, the executive vice president owned 11,479 shares in the company, valued at $10,488,132.72. The trade was a 41.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ahmad A. Khan sold 13,716 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the transaction, the insider owned 27,372 shares of the company's stock, valued at $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 three months, insiders have sold 32,605 shares of company stock worth $29,348,291. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KLAC. Wall Street Zen downgraded KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. raised their price target on KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group lifted their target price on KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft downgraded KLA from a "buy" rating to a "hold" rating and set a $790.00 target price on the stock. in a research report on Tuesday, May 20th. Finally, Raymond James Financial reissued an "outperform" rating and set a $950.00 target price (up from $850.00) on shares of KLA in a research report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, KLA presently has a consensus rating of "Hold" and an average target price of $890.59.

KLA Company 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.