KLA Corporation $KLAC Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has significantly increased its holdings in KLA Corporation by 736.6%, owning 68,811 shares worth approximately $46.8 million as of its latest SEC filing.
• Insider transactions revealed that CAO Virendra A. Kirloskar and EVP Brian Lorig both sold shares recently, with insiders collectively selling 18,889 shares valued at over $17.25 million in the last quarter.
• KLA Corporation reported strong quarterly earnings of $9.38 EPS, exceeding expectations, and announced a $5 billion stock repurchase program to buy back shares deemed undervalued.

Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 736.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 68,811 shares of the semiconductor company's stock after purchasing an additional 60,586 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of KLA worth $46,778,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of KLA by 53.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,690 shares of the semiconductor company's stock valued at $3,586,000 after acquiring an additional 1,975 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in KLA by 9.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,101 shares of the semiconductor company's stock worth $694,000 after acquiring an additional 94 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in KLA during the fourth quarter worth about $2,248,000. Prosperity Consulting Group LLC raised its position in KLA by 30.8% during the fourth quarter. Prosperity Consulting Group LLC now owns 807 shares of the semiconductor company's stock worth $509,000 after acquiring an additional 190 shares during the last quarter. Finally, Quarry LP raised its position in KLA by 122.6% during the fourth quarter. Quarry LP now owns 138 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 76 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KLA

In other news, CAO Virendra A. Kirloskar sold 39 shares of KLA stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total value of $34,768.50. Following the transaction, the chief accounting officer owned 2,616 shares of the company's stock, valued at $2,332,164. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. This represents a 41.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,889 shares of company stock valued at $17,257,637 in the last quarter. Insiders own 0.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating on shares of KLA in a research report on Tuesday, June 24th. UBS Group increased their price objective on shares of KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Raymond James Financial reissued an "outperform" rating and issued a $950.00 price objective (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. TD Securities raised their price target on shares of KLA from $770.00 to $800.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $890.59.

KLA Stock Up 1.1%

KLA stock opened at $879.55 on Tuesday. The stock has a market cap of $116.07 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.96 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 company's 50-day moving average price is $903.87 and its two-hundred day moving average price is $786.64. 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 announced its quarterly earnings data 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. The company had revenue of $3.17 billion for 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 revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, analysts expect that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be paid 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 payout ratio is currently 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.

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