KLA Corporation $KLAC Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors increased its KLA holdings by 947.6% in the second quarter, purchasing 27,792 additional shares to own 30,725 shares valued at approximately $9.27 million. Institutional investors and hedge funds collectively own 86.65% of KLA.
• KLA exceeded quarterly expectations, reporting $1.05 in EPS versus the $1.00 consensus and $3.66 billion in revenue, up 15.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $222.22.
• Company insiders sold 258,533 shares worth approximately $56.0 million over the past three months, including sizable sales by executives Virendra Kirloskar and Brian Lorig. KLA also pays a quarterly dividend of $0.23, equivalent to a 0.5% annualized yield.

Concurrent Investment Advisors LLC increased its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 947.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,725 shares of the semiconductor company's stock after purchasing an additional 27,792 shares during the quarter. Concurrent Investment Advisors LLC's holdings in KLA were worth $9,270,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in KLA in the fourth quarter valued at approximately $32,000. Hilton Head Capital Partners LLC acquired a new position in shares of KLA during the 4th quarter worth approximately $41,000. Triumph Capital Management purchased a new position in shares of KLA during the 3rd quarter valued at approximately $40,000. Nemes Rush Group LLC lifted its position in shares of KLA by 17.1% during the 4th quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company's stock valued at $58,000 after buying an additional 7 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in KLA by 36.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Virendra A. Kirloskar sold 4,504 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $880,532.00. Following the transaction, the chief accounting officer directly owned 7,972 shares in the company, valued at $1,558,526. The trade was a 36.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Lorig sold 59,586 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the sale, the executive vice president owned 77,681 shares of the company's stock, valued at $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 258,533 shares of company stock worth $55,977,470. 91.48% of the stock is currently owned by insiders.

KLA Stock Up 7.3%

NASDAQ KLAC opened at $185.60 on Friday. The business has a fifty day moving average price of $205.50 and a 200 day moving average price of $188.63. KLA Corporation has a one year low of $87.83 and a one year high of $307.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. The company has a market cap of $242.50 billion, a P/E ratio of 50.61, a P/E/G ratio of 1.65 and a beta of 1.45.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.05. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Research analysts anticipate that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.23 dividend. This is a positive change from KLA's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. KLA's dividend payout ratio is 25.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KLAC shares. TD Cowen reissued a "buy" rating and issued a $260.00 price target (up from $200.00) on shares of KLA in a report on Thursday, July 9th. Rothschild & Co Redburn increased their price objective on shares of KLA from $140.00 to $186.50 and gave the company a "neutral" rating in a report on Tuesday, May 12th. Scotiabank set a $200.00 target price on shares of KLA in a research report on Wednesday, June 10th. Stifel Nicolaus set a $250.00 target price on shares of KLA and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $270.00 price target on shares of KLA in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $222.22.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA's offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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