Oak Ridge Investments LLC Has $10.76 Million Stock Holdings in KLA Corporation $KLAC

Key Points

• Oak Ridge Investments LLC increased its stakes in KLA Corporation by 6.7%, owning a total of 15,823 shares valued at approximately $10.76 million.
• KLA Corporation reported a 23.6% increase in quarterly revenue, achieving earnings per share of $9.38, exceeding analysts' expectations.
• The company announced a $5 billion share repurchase program indicating the board's belief that the stock is undervalued.

Oak Ridge Investments LLC increased its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,823 shares of the semiconductor company's stock after purchasing an additional 1,000 shares during the period. KLA makes up 0.9% of Oak Ridge Investments LLC's holdings, making the stock its 24th largest position. Oak Ridge Investments LLC's holdings in KLA were worth $10,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KLAC. GAMMA Investing LLC boosted its stake in shares of KLA by 95,141.6% during the 1st quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock worth $1,138,221,000 after buying an additional 1,672,589 shares during the last quarter. Nuveen LLC acquired a new position in shares of KLA during the 1st quarter worth about $348,822,000. Goldman Sachs Group Inc. boosted its stake in shares of KLA by 27.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock worth $1,259,543,000 after buying an additional 404,634 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of KLA by 33.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,191,262 shares of the semiconductor company's stock worth $750,638,000 after buying an additional 300,015 shares during the last quarter. Finally, Capital Research Global Investors bought a new stake in shares of KLA in the 4th quarter valued at about $187,212,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Performance

Shares of NASDAQ:KLAC traded down $4.14 on Tuesday, reaching $879.25. 285,931 shares of the company's stock were exchanged, compared to its average volume of 1,155,789. The company has a fifty day moving average of $903.60 and a 200-day moving average of $782.31. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $959.26. The company has a market capitalization of $116.03 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.98 and a beta of 1.44. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC - Get Free Report) last announced its 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. KLA had a net margin of 33.41% and a return on equity of 112.41%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business posted $6.60 EPS. The business's revenue was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, research analysts predict that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

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

KLA announced that its board has initiated a stock buyback program on Wednesday, April 30th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KLAC shares. Deutsche Bank Aktiengesellschaft cut shares of KLA from a "buy" rating to a "hold" rating and set a $790.00 target price on the stock. in a report on Tuesday, May 20th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $920.00 target price (up from $870.00) on shares of KLA in a report on Tuesday, July 8th. Cowen reaffirmed a "hold" rating on shares of KLA in a report on Thursday, May 1st. UBS Group upped their target price on shares of KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Morgan Stanley upped their target price on shares of KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Eight 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, the company has an average rating of "Hold" and a consensus target price of $890.59.

Insider Buying and Selling at KLA

In other KLA news, CEO Richard P. Wallace sold 10,801 shares of the 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 transaction, the chief executive officer owned 92,818 shares in the company, valued at $84,805,950.24. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $766.46, for a total transaction of $781,022.74. Following the transaction, the chief financial officer owned 27,779 shares in the company, valued at approximately $21,291,492.34. The trade was a 3.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,908 shares of company stock worth $18,038,659. 0.12% of the stock is currently owned by company insiders.

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.