KLA Corporation $KLAC Stock Sold by Parcion Private Wealth LLC

Key Points

• Parcion Private Wealth cut its KLA stake by 45.3% in the third quarter, selling 46,687 shares and retaining 56,389 shares valued at approximately $11 million. Institutional ownership remains high at 86.65%, despite mixed buying and selling by major investors.
• KLA reported fiscal Q1 revenue of $4.14 billion and EPS of $1.22, beating analyst expectations, with revenue rising 28.9% year over year. The company also issued stronger-than-expected fiscal Q2 guidance, supported by demand for semiconductor inspection and process-control equipment tied to AI-chip production.
• Shares face near-term pressure amid a broader semiconductor sell-off and concerns about AI spending, trading below their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus, but several recently lowered price targets because of valuation and risk-reward concerns.

Parcion Private Wealth LLC decreased its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 45.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,389 shares of the semiconductor company's stock after selling 46,687 shares during the quarter. Parcion Private Wealth LLC's holdings in KLA were worth $10,992,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of KLA by 928.9% in the 2nd quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company's stock valued at $4,471,832,000 after buying an additional 13,381,153 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of KLA during the second quarter worth approximately $2,522,430,000. Assenagon Asset Management S.A. increased its stake in shares of KLA by 239.3% during the third quarter. Assenagon Asset Management S.A. now owns 5,614,990 shares of the semiconductor company's stock worth $1,094,530,000 after buying an additional 3,959,927 shares during the period. National Pension Service increased its stake in shares of KLA by 899.4% during the second quarter. National Pension Service now owns 3,634,859 shares of the semiconductor company's stock worth $1,096,673,000 after buying an additional 3,271,158 shares during the period. Finally, PineStone Asset Management Inc. raised its holdings in KLA by 11.5% in the third quarter. PineStone Asset Management Inc. now owns 2,418,400 shares of the semiconductor company's stock valued at $471,419,000 after acquiring an additional 248,700 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

Key KLA News

Here are the key news stories impacting KLA this week:

• Positive Sentiment: KLA reported fiscal Q1 2027 revenue of approximately $4.14 billion and earnings of $1.22 per share, exceeding Wall Street expectations of $4.04 billion and $1.18 per share. Revenue increased 28.9% year over year, marking the company’s 10th consecutive quarter of growth. KLAC Q1 Earnings Beat Estimates
• Positive Sentiment: The company issued fiscal Q2 revenue guidance of $4.5 billion to $4.9 billion, implying roughly $4.7 billion at the midpoint versus consensus of $4.5 billion. EPS guidance of $1.33 to $1.55 also brackets or exceeds the $1.36 consensus estimate, reinforcing expectations for continued AI-driven demand. KLA Q2 Guidance
• Positive Sentiment: Demand for wafer inspection, process-control and advanced-packaging equipment is benefiting from the increasing complexity of AI chips and the construction of leading-edge semiconductor fabs. Argus reaffirmed its Buy rating with a $225 price target, while JPMorgan raised its target to $240 and maintained Overweight. Advanced Packaging Demand
• Neutral Sentiment: Analyst opinion remains mixed. Several firms lowered price targets after earnings—including Wells Fargo, Needham, Evercore ISI, Cantor Fitzgerald, Susquehanna and UBS—citing valuation, structural share headwinds or a more cautious risk-reward profile, even though many retained positive or neutral ratings.
• Negative Sentiment: KLAC is declining in sympathy with semiconductor shares as investors question whether elevated AI infrastructure spending can continue at its current pace. The pullback also leaves the stock below its 50-day and 200-day moving averages, increasing near-term technical pressure despite the strong operating outlook. KLA Shares Weaken as Semiconductor Stocks Fall

Insider Buying and Selling at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 77,681 shares in the company, valued at $16,167,746.53. This represents a 43.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Virendra Kirloskar sold 4,504 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the completion of the sale, the chief accounting officer owned 7,972 shares of the company's stock, valued at approximately $1,558,526. This trade represents a 36.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 243,339 shares of company stock valued at $46,903,454. 79.39% of the stock is currently owned by insiders.

KLA Stock Down 5.7%

KLAC opened at $157.91 on Friday. KLA Corporation has a one year low of $107.20 and a one year high of $307.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.03 and a current ratio of 2.76. The stock has a market capitalization of $206.07 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.45. The business's 50-day simple moving average is $178.62 and its 200-day simple moving average is $181.78.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.04. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.04 billion. KLA had a return on equity of 89.30% and a net margin of 36.25%. The business's revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm earned $8.47 EPS. Analysts anticipate that KLA Corporation will post 5.56 EPS for the current 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 issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from KLA's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. KLA's dividend payout ratio is currently 23.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KLAC. Zacks Research lowered shares of KLA from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Citigroup lowered their target price on shares of KLA from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank Of Canada reissued a "sector perform" rating and issued a $180.00 target price (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Needham & Company LLC restated a "buy" rating and issued a $200.00 price target (down from $270.00) on shares of KLA in a research note on Thursday. Finally, Wells Fargo & Company decreased their price target on KLA from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday. Nineteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, KLA has an average rating of "Moderate Buy" and a consensus target price of $220.35.

KLA Profile

KLA Corporation NASDAQ: KLAC develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company's product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.

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