KLA Corporation $KLAC Shares Sold by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. significantly reduced its stake in KLA Corporation by 90.2%, now holding only 845 shares worth approximately $574,000 after selling 7,747 shares in the first quarter.
• Several hedge funds increased their investments in KLA, with GAMMA Investing LLC reporting a massive growth of 95,141.6% in their position, now owning 1,674,347 shares valued at $1.14 billion.
• KLA's recent earnings report showed an EPS of $9.38, surpassing analyst expectations, and revenue growth of 23.6% year-over-year, with a projected EPS of 31.59 for the current fiscal year.

Geneos Wealth Management Inc. decreased its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 90.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 845 shares of the semiconductor company's stock after selling 7,747 shares during the quarter. Geneos Wealth Management Inc.'s holdings in KLA were worth $574,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KLAC. GAMMA Investing LLC grew its position in KLA by 95,141.6% in the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock worth $1,138,221,000 after buying an additional 1,672,589 shares during the last quarter. Nuveen LLC acquired a new position in KLA in the first quarter worth approximately $348,822,000. Goldman Sachs Group Inc. grew its position in KLA by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock worth $1,259,543,000 after buying an additional 404,634 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in KLA by 33.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,191,262 shares of the semiconductor company's stock worth $750,638,000 after purchasing an additional 300,015 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in KLA by 421.8% in the 4th quarter. Voloridge Investment Management LLC now owns 325,411 shares of the semiconductor company's stock worth $205,048,000 after purchasing an additional 263,051 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Trading Up 0.5%

Shares of NASDAQ:KLAC opened at $964.02 on Friday. The firm has a fifty day moving average of $905.95 and a two-hundred day moving average of $800.44. The firm has a market capitalization of $127.21 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 3.27 and a beta of 1.48. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $968.09. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25.

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

KLA Dividend Announcement

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

Insider Buying and Selling at KLA

In related news, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value 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. The trade was a 41.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the sale, the insider directly owned 27,372 shares of the company's stock, valued at approximately $24,128,418. The trade was a 33.38% 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 90 days. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on KLAC. Morgan Stanley raised their price objective on shares of KLA from $916.00 to $928.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of KLA from $770.00 to $922.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. TD Cowen raised their price objective on shares of KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Finally, Citigroup raised their price objective on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, KLA currently has a consensus rating of "Hold" and an average target price of $890.59.

KLA 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.

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