KLA Corporation $KLAC Shares Sold by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA has reduced its stake in KLA Corporation by 43.4%, now holding 460 shares valued at approximately $313,000.
• Insider selling activity is notable, with KLA executives selling a combined total of 32,605 shares for values exceeding $29 million over the last quarter.
• Several analysts have recently adjusted their price targets for KLA, with Barclays raising it to $750 and Citigroup increasing theirs to $1,060, indicating varied market expectations.

Petrus Trust Company LTA lowered its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 43.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460 shares of the semiconductor company's stock after selling 353 shares during the period. Petrus Trust Company LTA's holdings in KLA were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. 3Chopt Investment Partners LLC acquired a new stake in KLA in the 1st quarter valued at about $402,000. GAMMA Investing LLC raised its position in KLA by 40.1% in the 1st quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company's stock valued at $1,674,000 after purchasing an additional 705 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in KLA in the 1st quarter valued at about $1,479,000. Mirae Asset Global Investments Co. Ltd. raised its position in KLA by 2.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,990 shares of the semiconductor company's stock valued at $93,624,000 after purchasing an additional 3,846 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of KLA during the 1st quarter worth about $55,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Buying and Selling

In other KLA news, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $7,354,210.32. Following the transaction, the executive vice president directly owned 11,479 shares in the company, valued at approximately $10,488,132.72. This trade represents a 41.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction that occurred 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 in the company, valued at $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,605 shares of company stock valued at $29,348,291. Company insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KLAC shares. Barclays raised their target price on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen lowered KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Citigroup raised their target price on KLA from $1,035.00 to $1,060.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley raised their target price on KLA from $916.00 to $928.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, TD Cowen raised their target price on KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $890.59.

KLA Trading Up 0.4%

KLAC opened at $908.98 on Tuesday. The firm has a market cap of $119.95 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 3.08 and a beta of 1.48. KLA Corporation has a 52 week low of $551.33 and a 52 week high of $959.26. The business's 50 day moving average is $903.47 and its two-hundred day moving average is $795.04. 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 released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, topping the consensus estimate of $8.53 by $0.85. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm's revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, research analysts predict that KLA Corporation will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 was Monday, August 18th. KLA's dividend payout ratio (DPR) is 25.01%.

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.

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