Voleon Capital Management LP Lowers Stock Holdings in KLA Corporation $KLAC

Key Points

• Voleon Capital Management LP reduced its stake in KLA Corporation by 32.7% during the first quarter, selling 4,617 shares and bringing its total holdings to 9,499 shares worth approximately $6.46 million.
• KLA Corporation reported a quarterly earnings per share (EPS) of $9.38, exceeding analyst expectations, and had a revenue of $3.17 billion, up 23.6% from the previous year.
• The company recently paid a quarterly dividend of $1.90 per share, which translates to an annual dividend yield of 0.8%, with a dividend payout ratio of 25.01%.

Voleon Capital Management LP reduced its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,499 shares of the semiconductor company's stock after selling 4,617 shares during the period. Voleon Capital Management LP's holdings in KLA were worth $6,457,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KLAC. GAMMA Investing LLC increased its stake in shares of KLA by 95,141.6% during the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock valued at $1,138,221,000 after purchasing an additional 1,672,589 shares in the last quarter. Nuveen LLC bought a new position in shares of KLA during the first quarter valued at approximately $348,822,000. Goldman Sachs Group Inc. increased its stake in shares of KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock valued at $1,259,543,000 after purchasing an additional 404,634 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of KLA by 33.7% during the fourth 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 valued at $750,638,000 after purchasing an additional 300,015 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of KLA by 421.8% during the fourth quarter. Voloridge Investment Management LLC now owns 325,411 shares of the semiconductor company's stock valued at $205,048,000 after purchasing an additional 263,051 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Stock Performance

KLAC stock traded up $14.90 on Wednesday, hitting $932.63. The company had a trading volume of 712,774 shares, compared to its average volume of 895,297. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $959.26. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The stock's 50-day simple moving average is $904.07 and its 200 day simple moving average is $796.83. The stock has a market cap of $123.07 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 3.13 and a beta of 1.48.

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, topping 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 company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter last year, the company posted $6.60 earnings per share. The firm'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. As a group, equities research analysts expect that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a dividend of $1.90 per share. 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 currently 25.01%.

Insider Buying and Selling at KLA

In other 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 transaction of $7,354,210.32. Following the transaction, the executive vice president owned 11,479 shares in the company, valued at $10,488,132.72. This trade represents a 41.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total transaction of $34,768.50. Following the sale, the chief accounting officer owned 2,616 shares in the company, valued at $2,332,164. The trade was a 1.47% 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 worth $29,348,291. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Oppenheimer raised their target price on shares of KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. raised their target price on shares of KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on shares of KLA from $770.00 to $922.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group initiated coverage on shares of KLA in a report on Thursday, July 10th. They set a "neutral" rating and a $980.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $890.59.

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.