KLA Corporation $KLAC Position Trimmed by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA has significantly trimmed its position in KLA Corporation by 98%, selling 16,965 shares and leaving it with only 345 shares valued at $217,000.
• Analysts have recently increased price targets for KLA, with JPMorgan raising its target from $900 to $1,070 and maintaining an "overweight" rating, while UBS set theirs at $960.
• KLA recently announced a quarterly dividend payment of $1.90 per share, contributing to an annualized dividend yield of 0.9%, with a payout ratio of 25.01%.

Banque Transatlantique SA cut its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 98.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 345 shares of the semiconductor company's stock after selling 16,965 shares during the period. Banque Transatlantique SA's holdings in KLA were worth $217,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its holdings in shares of KLA by 4,100.0% in the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 41 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of KLA during the first quarter worth about $35,000. Olde Wealth Management LLC acquired a new position in KLA during the 1st quarter valued at approximately $36,000. Saudi Central Bank acquired a new stake in KLA during the 1st quarter worth about $36,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in KLA in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Stock Performance

NASDAQ KLAC traded up $12.79 during trading hours on Wednesday, reaching $930.52. The company's stock had a trading volume of 220,280 shares, compared to its average volume of 1,130,683. 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 has a market cap of $122.79 billion, a PE ratio of 30.52, a PEG ratio of 3.10 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 has a 50-day simple moving average of $903.84 and a 200 day simple moving average of $795.89.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping analysts' consensus estimates of $8.53 by $0.85. KLA had a net margin of 33.41% and a return on equity of 112.41%. The business 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 earned $6.60 EPS. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities research analysts predict 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 $1.90 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.8%. KLA's dividend payout ratio is presently 25.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer upped their price target on shares of KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Morgan Stanley lifted their price target on shares of KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company reiterated an "equal weight" rating and set a $920.00 price objective (up from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Wall Street Zen lowered KLA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, JPMorgan Chase & Co. boosted their target price on KLA from $900.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $890.59.

Insider Activity at KLA

In other news, insider Ahmad A. Khan sold 13,716 shares of the company's 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 sale, the insider directly owned 27,372 shares of the company's stock, valued at approximately $24,128,418. This represents a 33.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Virendra A. Kirloskar sold 39 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 owned 2,616 shares of the company's stock, valued at $2,332,164. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,605 shares of company stock valued at $29,348,291 over the last quarter. Corporate insiders own 0.12% of the company's stock.

About KLA

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.