KLA Corporation $KLAC Stock Sold by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management cut its KLA position by 49.1% in the third quarter, selling 15,355 shares and retaining 15,945 shares valued at approximately $3.1 million. Institutional investors and hedge funds collectively own 86.65% of KLA.
• KLA insiders sold 243,339 shares worth approximately $46.9 million over the past 90 days, including significant sales by CEO Richard Wallace and EVP Brian Lorig.
• Analysts remain generally positive, with an average “Moderate Buy” rating and a $221.26 price target, while KLA shares opened at $174.46. The company recently exceeded quarterly earnings and revenue estimates, reporting $1.05 in EPS and $3.66 billion in revenue.

Triasima Portfolio Management inc. decreased its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 49.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,945 shares of the semiconductor company's stock after selling 15,355 shares during the quarter. Triasima Portfolio Management inc.'s holdings in KLA were worth $3,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in KLA by 36.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 16 shares during the last quarter. Allied Private Wealth LLC acquired a new position in KLA in the 2nd quarter valued at $27,000. McIlrath & Eck LLC increased its position in KLA by 6.8% during the 1st quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company's stock worth $139,000 after buying an additional 6 shares during the period. Roble Belko & Company Inc increased its position in KLA by 2,275.0% during the 2nd quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company's stock worth $29,000 after buying an additional 91 shares during the period. Finally, Atomic Invest LLC lifted its holdings in shares of KLA by 781.8% during the second quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company's stock worth $27,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Activity

In other news, CEO Richard P. Wallace sold 87,568 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $198.95, for a total transaction of $17,421,653.60. Following the completion of the sale, the chief executive officer owned 778,944 shares of the company's stock, valued at approximately $154,970,908.80. This represents a 10.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 59,586 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following 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 disclosure for this sale is available in the SEC filing. Insiders sold 243,339 shares of company stock valued at $46,903,454 in the last 90 days. 79.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KLAC. Zacks Research cut shares of KLA from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Oppenheimer reaffirmed an "outperform" rating and set a $260.00 price target (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. Morgan Stanley set a $227.00 price objective on shares of KLA and gave the stock an "overweight" rating in a research note on Tuesday, October 6th. Wells Fargo & Company set a $245.00 price objective on shares of KLA and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, Bank of America boosted their price objective on shares of KLA from $210.00 to $317.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $221.26.

KLA Trading Down 2.4%

Shares of NASDAQ:KLAC opened at $174.46 on Friday. The business's 50 day simple moving average is $187.30 and its 200 day simple moving average is $196.86. KLA Corporation has a 1 year low of $107.20 and a 1 year high of $307.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The company has a market capitalization of $227.67 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.58 and a beta of 1.45.

KLA (NASDAQ:KLAC - Get Free Report) last announced 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, research analysts anticipate that KLA Corporation will post 5.43 EPS for the current fiscal year.

KLA Increases Dividend

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

KLA Company Profile

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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