KLA Corporation $KLAC Stock Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its KLA stake by 21.5% in the third quarter, bringing its holdings to 52,603 shares valued at approximately $10.3 million. Institutional investors collectively own 86.65% of KLA.
• KLA reported quarterly earnings of $1.05 per share on $3.66 billion in revenue, surpassing analyst estimates and marking 15.2% year-over-year revenue growth. The company also maintained a “Moderate Buy” consensus rating with an average price target of $221.26.
• Company executives sold a combined 243,339 shares worth $46.9 million over the past 90 days, while KLA’s quarterly dividend remained at $0.23 per share, equivalent to a 0.5% annual yield.

Farther Finance Advisors LLC boosted its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 21.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,603 shares of the semiconductor company's stock after purchasing an additional 9,323 shares during the quarter. Farther Finance Advisors LLC's holdings in KLA were worth $10,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Formuepleje A S boosted its stake in KLA by 1,125.5% during the 2nd quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company's stock worth $9,070,000 after acquiring an additional 27,609 shares during the last quarter. TOWER TRUST & INVESTMENT Co increased its stake in KLA by 829.7% in the second quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company's stock valued at $2,249,000 after purchasing an additional 6,654 shares in the last quarter. Abacus FCF Advisors LLC acquired a new stake in KLA in the second quarter worth $20,763,000. Envestnet Portfolio Solutions Inc. raised its holdings in KLA by 1,195.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,948 shares of the semiconductor company's stock worth $4,510,000 after purchasing an additional 13,794 shares during the period. Finally, Colton Groome Financial Advisors LLC boosted its position in shares of KLA by 40.1% during the third quarter. Colton Groome Financial Advisors LLC now owns 28,728 shares of the semiconductor company's stock worth $5,600,000 after purchasing an additional 8,225 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Insider Activity

In other KLA news, EVP MaryBeth Wilkinson sold 13,802 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the completion of the sale, the executive vice president directly owned 22,110 shares in the company, valued at approximately $4,322,505. This trade represents a 38.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian Lorig sold 59,586 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at $16,167,746.53. This represents a 43.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 243,339 shares of company stock worth $46,903,454. 79.39% of the stock is owned by insiders.

KLA Stock Down 0.6%

KLAC stock opened at $195.57 on Friday. The business has a 50-day simple moving average of $188.04 and a 200 day simple moving average of $195.65. The company has a market cap of $255.22 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. KLA Corporation has a 52 week low of $98.10 and a 52 week high of $307.37.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. KLA's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts anticipate that KLA Corporation will post 5.43 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from KLA's previous quarterly dividend of $0.23. KLA's payout ratio is currently 25.07%.

Analyst Ratings Changes

Several research firms have recently weighed in on KLAC. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price objective on shares of KLA in a report on Wednesday, July 29th. Stifel Nicolaus set a $250.00 price target on KLA and gave the company a "buy" rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $195.00 price objective (down from $220.00) on shares of KLA in a report on Wednesday, July 29th. Wells Fargo & Company set a $245.00 target price on KLA and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, TD Cowen reaffirmed a "buy" rating and set a $260.00 price target (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, KLA has a consensus rating of "Moderate Buy" and a consensus target price of $221.26.

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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