Tema Etfs LLC Buys 1,235 Shares of KLA Corporation $KLAC

Key Points

• Tema Etfs LLC increased its stake in KLA Corporation by 142.4% in Q1, owning 2,102 shares worth approximately $1.43 million as of the latest SEC filing.
• KLA Corporation reported $9.38 earnings per share for its most recent quarter, exceeding consensus estimates of $8.53, alongside a year-over-year revenue growth of 23.6% to $3.17 billion.
• The company's Board of Directors has authorized a $5 billion stock repurchase program, indicating confidence in the company's valuation and intent to buy back up to 5.4% of its outstanding shares.

Tema Etfs LLC grew its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 142.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,102 shares of the semiconductor company's stock after purchasing an additional 1,235 shares during the quarter. Tema Etfs LLC's holdings in KLA were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

KLA Stock Performance

Shares of KLAC stock traded down $22.00 during trading on Friday, hitting $872.00. The company's stock had a trading volume of 954,278 shares, compared to its average volume of 958,696. The company has a market cap of $115.07 billion, a PE ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 1.44. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The business has a fifty day moving average of $905.02 and a 200-day moving average of $790.08. KLA Corporation has a 52 week low of $551.33 and a 52 week high of $959.26.

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, beating the consensus estimate of $8.53 by $0.85. The company had revenue of $3.17 billion during 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%.KLA's quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, research analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.9%. KLA's dividend payout ratio is currently 25.01%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $920.00 price target (up from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Stifel Nicolaus upped their price target on KLA from $770.00 to $922.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Oppenheimer boosted their price objective on KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Barclays boosted their price objective on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft lowered KLA from a "buy" rating to a "hold" rating and set a $790.00 price objective for the company. in a report on Tuesday, May 20th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, KLA has a consensus rating of "Hold" and a consensus target price of $890.59.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 39 shares of the firm's stock in a transaction 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 through this link. Also, CEO Richard P. Wallace sold 10,801 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $9,868,657.68. Following the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. This represents a 10.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,889 shares of company stock valued at $17,257,637. Company insiders own 0.12% of the company's stock.

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.