KLA Corporation $KLAC Shares Purchased by Formuepleje A S

Key Points

• Formuepleje A S increased its KLA position by 1,125.5% in the second quarter, purchasing 27,609 additional shares and ending with a stake worth approximately $9.1 million. Institutional investors collectively own 86.65% of KLA.
• KLA reported quarterly earnings of $1.05 per share on $3.66 billion in revenue, exceeding analyst expectations, while revenue rose 15.2% year over year. The company issued first-quarter 2027 EPS guidance of $1.06 to $1.26.
• Analysts maintain a generally positive outlook, with KLA receiving a consensus “Moderate Buy” rating and an average price target of $222.22. However, insiders sold approximately 258,533 shares worth $56.0 million over the past three months.

Formuepleje A S increased its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 1,125.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,062 shares of the semiconductor company's stock after buying an additional 27,609 shares during the period. KLA comprises 0.7% of Formuepleje A S's portfolio, making the stock its 25th largest holding. Formuepleje A S's holdings in KLA were worth $9,070,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HORAN Wealth LLC purchased a new stake in shares of KLA in the second quarter valued at $339,000. Wellington Grp LLC lifted its position in KLA by 802.4% during the second quarter. Wellington Grp LLC now owns 740 shares of the semiconductor company's stock worth $223,000 after buying an additional 658 shares during the period. Brown Financial Advisors boosted its stake in KLA by 843.1% in the 2nd quarter. Brown Financial Advisors now owns 2,320 shares of the semiconductor company's stock worth $700,000 after buying an additional 2,074 shares during the last quarter. Advus Financial Partners LLC grew its holdings in KLA by 900.0% in the 2nd quarter. Advus Financial Partners LLC now owns 4,950 shares of the semiconductor company's stock valued at $1,493,000 after buying an additional 4,455 shares during the period. Finally, Tobias Financial Advisors Inc. purchased a new stake in KLA in the 2nd quarter valued at about $362,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Activity at KLA

In other news, EVP MaryBeth Wilkinson sold 13,802 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $2,698,291.00. Following the completion of the transaction, the executive vice president directly owned 22,110 shares in the company, valued at approximately $4,322,505. This represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Virendra A. Kirloskar sold 4,504 shares of KLA stock in a transaction 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 sale, the chief accounting officer directly owned 7,972 shares in the company, valued at $1,558,526. This trade represents a 36.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 258,533 shares of company stock valued at $55,977,470. 91.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KLAC. Scotiabank set a $200.00 price objective on shares of KLA in a report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price target on shares of KLA from $200.00 to $238.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "buy (b-)" rating on shares of KLA in a report on Friday, July 31st. Needham & Company LLC reissued a "buy" rating and set a $270.00 price objective on shares of KLA in a research note on Wednesday, July 29th. Finally, Barclays reaffirmed an "overweight" rating and issued a $225.00 target price on shares of KLA in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $222.22.

KLA Price Performance

Shares of NASDAQ KLAC opened at $185.60 on Monday. KLA Corporation has a 12-month low of $87.83 and a 12-month high of $307.37. 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. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $205.50 and a 200 day moving average price of $188.93.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, beating 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 return on equity of 87.66% and a net margin of 35.57%.The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.5%. 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. KLA's dividend payout ratio is 25.07%.

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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