KLA Corporation $KLAC Shares Purchased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its KLA holdings by 1,005.8% in the second quarter, owning 18,379 shares valued at approximately $5.5 million. Institutional investors and hedge funds collectively own 86.65% of KLA.
• KLA reported quarterly revenue of $3.66 billion and adjusted earnings of $1.05 per share, exceeding analyst expectations, while revenue rose 15.2% year over year. The company also maintained its quarterly dividend at $0.23 per share.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $222.22, although some firms recently lowered their targets. KLA shares opened at $180.64, while insiders sold $46.0 million worth of stock over the past 90 days.

Integrated Wealth Concepts LLC raised its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 1,005.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,379 shares of the semiconductor company's stock after purchasing an additional 16,717 shares during the period. Integrated Wealth Concepts LLC's holdings in KLA were worth $5,545,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. McIlrath & Eck LLC increased its position in KLA by 6.8% during the 1st quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company's stock worth $139,000 after purchasing an additional 6 shares in the last quarter. Motco boosted its stake in shares of KLA by 1.8% during the 4th quarter. Motco now owns 405 shares of the semiconductor company's stock worth $492,000 after purchasing an additional 7 shares during the last quarter. Nemes Rush Group LLC grew its holdings in shares of KLA by 17.1% during the fourth quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company's stock worth $58,000 after buying an additional 7 shares in the last quarter. SouthState Bank Corp grew its holdings in shares of KLA by 6.7% during the fourth quarter. SouthState Bank Corp now owns 111 shares of the semiconductor company's stock worth $135,000 after buying an additional 7 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in shares of KLA by 1.3% in the fourth quarter. Root Financial Partners LLC now owns 796 shares of the semiconductor company's stock valued at $967,000 after buying an additional 10 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard Wallace sold 87,568 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $198.95, for a total value of $17,421,653.60. Following the completion of the sale, the chief executive officer owned 778,944 shares of the company's stock, valued at approximately $154,970,908.80. The trade was a 10.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP MaryBeth Wilkinson sold 14,392 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $285.30, for a total value of $4,106,037.60. Following the completion of the sale, the executive vice president directly owned 53,367 shares of the company's stock, valued at approximately $15,225,605.10. This represents a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,413 shares of company stock worth $45,990,744 over the last ninety days. Insiders own 91.48% of the company's stock.

KLA Trading Up 2.0%

Shares of KLAC stock opened at $180.64 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. KLA Corporation has a fifty-two week low of $95.50 and a fifty-two week high of $307.37. The firm's 50 day moving average price is $197.46 and its two-hundred day moving average price is $189.87. The stock has a market cap of $236.02 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

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

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.23 dividend. This is a boost from KLA's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. KLA's dividend payout ratio is currently 25.07%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KLAC. Needham & Company LLC restated a "buy" rating and set a $270.00 target price on shares of KLA in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $195.00 price target (down from $220.00) on shares of KLA in a report on Wednesday, July 29th. Stifel Nicolaus set a $250.00 price target on KLA and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Scotiabank set a $200.00 price objective on KLA in a report on Wednesday, June 10th. Finally, UBS Group lowered their price objective on KLA from $215.00 to $200.00 and set a "neutral" rating for the company in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, KLA presently has a consensus rating of "Moderate Buy" and an average target price of $222.22.

About KLA

KLA Corporation NASDAQ: KLAC develops process-control and yield-management technologies used by semiconductor and other advanced-electronics manufacturers. Its systems help customers detect, measure and analyze defects and variations during the production of integrated circuits, enabling manufacturers to improve process performance, product quality and manufacturing yields.

The company's portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect-review and analysis equipment, and software that supports process control and data management.

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Corporation (NASDAQ:KLAC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.