MIG Capital LLC Takes Position in KLA Corporation $KLAC

Key Points

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MIG Capital LLC bought a new stake in KLA Corporation (NASDAQ:KLAC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 962 shares of the semiconductor company's stock, valued at approximately $654,000.

Several other institutional investors have also modified their holdings of KLAC. IFC Advisors LLC increased its stake in shares of KLA by 4.6% in the 1st quarter. IFC Advisors LLC now owns 342 shares of the semiconductor company's stock worth $232,000 after acquiring an additional 15 shares during the last quarter. Trust Investment Advisors increased its stake in shares of KLA by 1.3% in the 1st quarter. Trust Investment Advisors now owns 1,188 shares of the semiconductor company's stock worth $808,000 after acquiring an additional 15 shares during the last quarter. Lockerman Financial Group Inc. increased its stake in shares of KLA by 3.8% in the 1st quarter. Lockerman Financial Group Inc. now owns 438 shares of the semiconductor company's stock worth $298,000 after acquiring an additional 16 shares during the last quarter. Childress Capital Advisors LLC increased its stake in shares of KLA by 3.3% in the 1st quarter. Childress Capital Advisors LLC now owns 495 shares of the semiconductor company's stock worth $337,000 after acquiring an additional 16 shares during the last quarter. Finally, Sunflower Bank N.A. increased its stake in shares of KLA by 4.7% in the 1st quarter. Sunflower Bank N.A. now owns 381 shares of the semiconductor company's stock worth $259,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Oppenheimer raised their price objective on KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Wells Fargo & Company reissued an "equal weight" rating and set a $920.00 price objective (up from $870.00) on shares of KLA in a research report on Tuesday, July 8th. Wall Street Zen downgraded KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, KLA currently has an average rating of "Hold" and a consensus price target of $890.59.

KLA Stock Down 0.2%

Shares of KLAC traded down $2.11 during midday trading on Friday, hitting $870.28. The company had a trading volume of 946,136 shares, compared to its average volume of 1,155,207. The company's 50-day simple moving average is $904.12 and its 200-day simple moving average is $785.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market capitalization of $114.84 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.99 and a beta of 1.44. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $959.26.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $0.85. The business had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, sell-side analysts expect that KLA Corporation will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a dividend of $1.90 per share. The ex-dividend date is Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.9%. KLA's payout ratio is presently 25.01%.

KLA announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Brian Lorig sold 8,049 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the sale, the executive vice president owned 11,479 shares in the company, valued at $10,488,132.72. The trade was a 41.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Virendra A. Kirloskar sold 39 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total transaction of $34,768.50. Following the completion of the transaction, the chief accounting officer owned 2,616 shares of the company's stock, valued at $2,332,164. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,889 shares of company stock worth $17,257,637 over the last 90 days. 0.12% of the stock is owned by insiders.

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.