KLA Corporation $KLAC Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in KLA Corporation by 12.6%, now holding 114,473 shares worth $77.76 million after selling 16,559 shares in the first quarter.
• KLA's recent earnings report showed an EPS of $9.38, beating analysts' estimates and indicating a 23.6% increase in quarterly revenue compared to last year.
• The company has declared a quarterly dividend of $1.90 per share, equating to an annualized yield of 0.8% and a payout ratio of 25.01%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,473 shares of the semiconductor company's stock after selling 16,559 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of KLA worth $77,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its stake in shares of KLA by 4,100.0% during the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 41 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of KLA during the 1st quarter worth approximately $35,000. Olde Wealth Management LLC acquired a new stake in shares of KLA during the 1st quarter worth approximately $36,000. Saudi Central Bank acquired a new stake in shares of KLA during the 1st quarter worth approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of KLA during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Trading Up 3.6%

Shares of KLAC stock opened at $905.09 on Friday. The stock's fifty day moving average is $903.20 and its two-hundred day moving average is $793.71. 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 firm has a market capitalization of $119.44 billion, a P/E ratio of 29.78, a PEG ratio of 2.97 and a beta of 1.48. KLA Corporation has a fifty-two week low of $551.33 and a fifty-two week high of $959.26.

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 analysts' consensus estimates of $8.53 by $0.85. The business had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Research analysts expect that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on KLAC shares. 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. Wall Street Zen cut shares of KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Stifel Nicolaus lifted their price target on shares of KLA from $770.00 to $922.00 and gave the company a "buy" rating in a research note on Friday, August 1st. TD Cowen lifted their price target on shares of KLA from $800.00 to $900.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Eight equities research 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 has a consensus rating of "Hold" and an average price target of $890.59.

Insider Buying and Selling at KLA

In other news, CAO Virendra A. Kirloskar sold 39 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total value of $34,768.50. Following the completion of the sale, the chief accounting officer directly owned 2,616 shares in the company, valued at $2,332,164. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the completion of the sale, the chief executive officer owned 92,818 shares of the company's stock, valued at $84,805,950.24. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock valued at $29,348,291 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

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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