Landscape Capital Management L.L.C. Sells 1,293 Shares of KLA Corporation $KLAC

Key Points

• Landscape Capital Management L.L.C. reduced its stake in KLA Corporation by 41.8%, selling 1,293 shares and ending up with 1,804 shares valued at approximately $1.226 million.
• KLA reported a quarterly EPS of $9.38, exceeding estimates, and revealed a revenue increase of 23.6% year-over-year, amounting to $3.17 billion.
• The company declared a quarterly dividend of $1.90 per share, effective September 3rd, reflecting an annual yield of 0.9% with a payout ratio of 25.01%.

Landscape Capital Management L.L.C. lessened its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 41.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,804 shares of the semiconductor company's stock after selling 1,293 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in KLA were worth $1,226,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in shares of KLA during the first quarter valued at $35,000. Olde Wealth Management LLC acquired a new stake in shares of KLA during the first quarter worth approximately $36,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in KLA during the first quarter valued at approximately $37,000. Hazlett Burt & Watson Inc. acquired a new position in KLA in the 1st quarter valued at approximately $45,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of KLA by 527.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company's stock valued at $47,000 after buying an additional 58 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Performance

Shares of KLAC stock traded down $2.47 during trading hours on Wednesday, reaching $843.88. 569,246 shares of the company's stock were exchanged, compared to its average volume of 1,139,631. KLA Corporation has a fifty-two week low of $551.33 and a fifty-two week high of $959.26. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $111.36 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.97 and a beta of 1.48. The business has a fifty day moving average price of $904.48 and a 200-day moving average price of $791.49.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating analysts' consensus estimates of $8.53 by $0.85. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The business's revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Analysts predict that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a $1.90 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.9%. KLA's dividend payout ratio is 25.01%.

Insider Transactions at KLA

In other news, CAO Virendra A. Kirloskar sold 39 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total value of $34,768.50. Following the sale, the chief accounting officer owned 2,616 shares in the company, valued at approximately $2,332,164. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Wallace sold 10,801 shares of KLA stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the completion of the transaction, the chief executive officer owned 92,818 shares of the company's stock, valued at $84,805,950.24. This trade represents a 10.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,605 shares of company stock worth $29,348,291 over the last 90 days. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on KLAC shares. The Goldman Sachs Group began coverage on KLA in a research report on Thursday, July 10th. They set a "neutral" rating and a $980.00 price objective for the company. Cantor Fitzgerald reiterated an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $920.00 price objective (up previously from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Finally, Oppenheimer upped their price objective on shares of KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $890.59.

KLA 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.