KLA Corporation $KLAC Shares Bought by Lmcg Investments LLC

Key Points

• Lmcg Investments more than doubled its KLA stake in the third quarter, increasing holdings by 111.4% to 28,952 shares valued at $5.64 million. Institutional investors collectively own 86.65% of the company.
• KLA reported quarterly earnings of $1.05 per share and revenue of $3.66 billion, exceeding analyst expectations, while revenue rose 15.2% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $221.26, although insiders sold significant shares during the past 90 days.

Lmcg Investments LLC grew its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 111.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,952 shares of the semiconductor company's stock after acquiring an additional 15,258 shares during the period. Lmcg Investments LLC's holdings in KLA were worth $5,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. PFS Partners LLC grew its stake in KLA by 66.3% in the third quarter. PFS Partners LLC now owns 444 shares of the semiconductor company's stock worth $87,000 after purchasing an additional 177 shares in the last quarter. Magnus Financial Group LLC raised its stake in KLA by 7.9% during the third quarter. Magnus Financial Group LLC now owns 1,036 shares of the semiconductor company's stock valued at $202,000 after buying an additional 76 shares in the last quarter. Hartford Financial Management Inc. raised its stake in KLA by 0.5% during the third quarter. Hartford Financial Management Inc. now owns 16,163 shares of the semiconductor company's stock valued at $3,151,000 after buying an additional 83 shares in the last quarter. AMG Asset Management Group Inc. lifted its holdings in KLA by 59.2% during the 3rd quarter. AMG Asset Management Group Inc. now owns 1,673 shares of the semiconductor company's stock worth $326,000 after buying an additional 622 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in KLA by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 111,795 shares of the semiconductor company's stock worth $21,792,000 after buying an additional 4,431 shares during the last quarter. Institutional investors own 86.65% of the company's stock.

KLA Stock Up 1.0%

NASDAQ:KLAC opened at $163.43 on Thursday. The firm has a market capitalization of $213.28 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.45. The stock has a 50 day moving average of $184.46 and a 200-day moving average of $197.34. KLA Corporation has a 52 week low of $107.20 and a 52 week high of $307.37. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.05. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. The business's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts predict that KLA Corporation will post 5.43 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, August 17th. This is an increase from KLA's previous quarterly dividend of $0.23. KLA's dividend payout ratio (DPR) is currently 25.07%.

Insider Buying and Selling

In other KLA news, EVP Brian Lorig sold 59,586 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $208.13, for a total value of $12,401,634.18. Following the sale, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP MaryBeth Wilkinson sold 13,802 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the transaction, the executive vice president directly owned 22,110 shares of the company's stock, valued at approximately $4,322,505. This trade represents a 38.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 243,339 shares of company stock valued at $46,903,454 in the last 90 days. Corporate insiders own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group decreased their target price on KLA from $215.00 to $200.00 and set a "neutral" rating for the company in a research report on Tuesday, September 1st. Barclays reissued an "overweight" rating and set a $225.00 price target on shares of KLA in a research report on Monday, July 20th. Jefferies Financial Group restated a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. Royal Bank Of Canada restated a "sector perform" rating and set a $180.00 price objective (up from $170.00) on shares of KLA in a research note on Wednesday, July 29th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a report on Thursday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.26.

KLA Profile

KLA Corporation NASDAQ: KLAC develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company's product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.

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