Adage Capital Partners GP L.L.C. Has $69.10 Million Position in KLA Corporation $KLAC

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in KLA Corporation by 3.1%, selling 3,200 shares and now owning 101,654 shares valued at approximately $69.1 million.
• KLA Corporation's share price decreased by 2.9%, with a current price of $846.35, amidst a reported earnings beat for the last quarter.
• The company has announced a quarterly dividend of $1.90 per share, reflecting an annualized dividend of $7.60 and a dividend yield of 0.9%.

Adage Capital Partners GP L.L.C. cut its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,654 shares of the semiconductor company's stock after selling 3,200 shares during the period. Adage Capital Partners GP L.L.C. owned 0.08% of KLA worth $69,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in shares of KLA by 4,100.0% during the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of KLA during the first quarter worth approximately $35,000. Olde Wealth Management LLC acquired a new position in shares of KLA during the first quarter worth approximately $36,000. Saudi Central Bank acquired a new position in shares of KLA during the first quarter worth approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of KLA during the first quarter worth approximately $37,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Up 3.6%

NASDAQ:KLAC traded up $31.80 during trading hours on Friday, hitting $905.09. The stock had a trading volume of 1,155,118 shares, compared to its average volume of 887,379. KLA Corporation has a one year low of $551.33 and a one year high of $959.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $119.44 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 3.08 and a beta of 1.48. The business's 50 day moving average is $903.20 and its 200-day moving average is $793.84.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, beating the consensus estimate of $8.53 by $0.85. KLA had a net margin of 33.41% and a return on equity of 112.41%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm earned $6.60 earnings per share. The business's quarterly revenue was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Sell-side analysts anticipate that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were given a $1.90 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a yield of 0.8%. KLA's dividend payout ratio (DPR) is 25.01%.

Analyst Ratings Changes

KLAC has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of KLA from $900.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Barclays upped their target price on shares of KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Stifel Nicolaus increased their price objective on shares of KLA from $770.00 to $922.00 and gave the company a "buy" rating in a report on Friday, August 1st. Morgan Stanley increased their price objective on shares of KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $920.00 price objective (up from $870.00) on shares of KLA in a report on Tuesday, July 8th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $890.59.

Insider Buying and Selling at KLA

In related news, insider Ahmad A. Khan sold 13,716 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following the completion of the transaction, the insider owned 27,372 shares of the company's stock, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the sale, the executive vice president owned 11,479 shares of the company's stock, valued at approximately $10,488,132.72. This represents a 41.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock worth $29,348,291 in the last three months. 0.12% of the stock is currently owned by company insiders.

KLA Company Profile

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.