KLA Corporation $KLAC Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its KLA stake by 85.5% in the third quarter, selling 29,699 shares and retaining 5,053 shares valued at approximately $985,000. Institutional investors collectively own 86.65% of KLA.
• Analysts maintain a generally positive outlook, with 18 Buy ratings and 11 Holds, producing a consensus rating of “Moderate Buy” and an average price target of $221.26.
• KLA reported quarterly revenue of $3.66 billion and EPS of $1.05, exceeding estimates, while revenue rose 15.2% year over year. The company also declared a quarterly dividend of $0.23 per share, equal to a 0.5% annualized yield.

Curated Wealth Partners LLC lessened its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 85.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,053 shares of the semiconductor company's stock after selling 29,699 shares during the quarter. Curated Wealth Partners LLC's holdings in KLA were worth $985,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KLAC. McIlrath & Eck LLC increased its stake in KLA by 6.8% in the 1st quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company's stock worth $139,000 after acquiring an additional 6 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of KLA by 36.4% during 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 last quarter. Stiles Financial Services Inc boosted its position in shares of KLA by 1.0% during the 1st quarter. Stiles Financial Services Inc now owns 1,783 shares of the semiconductor company's stock valued at $2,625,000 after acquiring an additional 17 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in shares of KLA by 28.2% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 100 shares of the semiconductor company's stock valued at $147,000 after acquiring an additional 22 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of KLA by 3.3% in the first quarter. Root Financial Partners LLC now owns 822 shares of the semiconductor company's stock valued at $1,211,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $180.00 price target (up from $170.00) on shares of KLA in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $325.00 price target on shares of KLA in a research note on Wednesday, July 29th. Wells Fargo & Company set a $245.00 price objective on shares of KLA and gave the company an "overweight" rating in a research report on Wednesday, July 29th. TD Cowen reissued a "buy" rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. Finally, Barclays reissued an "overweight" rating and issued a $225.00 price objective on shares of KLA in a research note on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $221.26.

KLA Trading Down 2.4%

Shares of KLAC stock opened at $174.46 on Friday. The company has a market cap of $227.67 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45. KLA Corporation has a 1 year low of $107.20 and a 1 year high of $307.37. The stock's 50 day simple moving average is $187.30 and its two-hundred day simple moving average is $196.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Research analysts predict that KLA Corporation will post 5.43 earnings per share 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 dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 17th. This is a boost from KLA's previous quarterly dividend of $0.23. KLA's payout ratio is currently 25.07%.

Insider Buying and Selling

In other KLA news, CEO Richard P. Wallace sold 72,019 shares of KLA stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the completion of the transaction, the chief executive officer directly owned 706,925 shares of the company's stock, valued at $121,506,269. The trade was a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Virendra Kirloskar sold 4,504 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the transaction, the chief accounting officer owned 7,972 shares in the company, valued at $1,558,526. This trade represents a 36.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 243,339 shares of company stock valued at $46,903,454 in the last three months. Corporate insiders own 79.39% of the company's stock.

About KLA

KLA Corporation NASDAQ: KLAC develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company's product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.

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