MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 3,449 Shares of KLA Corporation $KLAC

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has reduced its holdings in KLA Corporation by 11.5%, selling 3,449 shares, and now owns 26,470 shares worth approximately $23.7 million.
• In its latest quarterly results, KLA reported $9.38 earnings per share, exceeding analysts' projections, with revenue of $3.17 billion, reflecting a 23.6% increase compared to the previous year.
• KLA has announced a quarterly dividend of $1.90 per share, resulting in an annualized dividend yield of 0.7%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,470 shares of the semiconductor company's stock after selling 3,449 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in KLA were worth $23,710,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KLAC. GAMMA Investing LLC raised its holdings in shares of KLA by 95,141.6% during the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock valued at $1,138,221,000 after purchasing an additional 1,672,589 shares during the last quarter. Nuveen LLC purchased a new position in shares of KLA in the first quarter worth $348,822,000. Goldman Sachs Group Inc. raised its stake in KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock valued at $1,259,543,000 after purchasing an additional 404,634 shares in the last quarter. Amundi raised its stake in shares of KLA by 18.0% in the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company's stock valued at $1,026,983,000 after acquiring an additional 251,339 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in shares of KLA by 53.3% in the first quarter. Impax Asset Management Group plc now owns 389,834 shares of the semiconductor company's stock worth $264,343,000 after purchasing an additional 135,469 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 0.2%

Shares of NASDAQ:KLAC opened at $1,068.67 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $141.02 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 3.64 and a beta of 1.48. The firm's 50-day moving average is $923.39 and its two-hundred day moving average is $818.05. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $1,076.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $8.53 by $0.85. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.60 earnings per share. 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 year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.7%. KLA's payout ratio is currently 25.01%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KLAC. Wall Street Zen cut shares of KLA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. The Goldman Sachs Group initiated coverage on shares of KLA in a research note on Thursday, July 10th. They set a "neutral" rating and a $980.00 price objective on the stock. Citigroup raised their price objective on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Barclays lifted their price target on shares of KLA from $590.00 to $750.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $900.29.

Insider Buying and Selling

In other news, insider Ahmad A. Khan sold 13,716 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the transaction, the insider directly owned 27,372 shares of the company's stock, valued at approximately $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard P. Wallace sold 10,801 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $9,868,657.68. Following the transaction, the chief executive officer directly owned 92,818 shares of the company's stock, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,605 shares of company stock valued at $29,348,291. 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.

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