KLA Corporation $KLAC Shares Sold by Parnassus Investments LLC

Key Points

• Parnassus Investments LLC has reduced its stake in KLA Corporation by 8.6%, owning 670,441 shares worth approximately $455.77 million after selling 62,887 shares in the first quarter.
• KLA Corporation recently posted an earnings per share of $9.38, exceeding analysts' expectations of $8.53, and reported a 23.6% year-over-year increase in revenue to $3.17 billion.
• The company has declared a $1.90 quarterly dividend to be paid on September 3rd, reflecting an annualized yield of 0.9%.

Parnassus Investments LLC trimmed its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670,441 shares of the semiconductor company's stock after selling 62,887 shares during the quarter. Parnassus Investments LLC owned about 0.51% of KLA worth $455,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFC Advisors LLC grew its holdings in KLA by 4.6% in the 1st quarter. IFC Advisors LLC now owns 342 shares of the semiconductor company's stock valued at $232,000 after buying an additional 15 shares in the last quarter. Trust Investment Advisors increased its position in KLA by 1.3% during the first quarter. Trust Investment Advisors now owns 1,188 shares of the semiconductor company's stock worth $808,000 after purchasing an additional 15 shares during the last quarter. Lockerman Financial Group Inc. increased its holdings in shares of KLA by 3.8% during the 1st quarter. Lockerman Financial Group Inc. now owns 438 shares of the semiconductor company's stock worth $298,000 after buying an additional 16 shares during the last quarter. Childress Capital Advisors LLC grew its position in KLA by 3.3% in the first 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 period. Finally, Sunflower Bank N.A. grew its holdings in shares of KLA by 4.7% during the 1st quarter. Sunflower Bank N.A. now owns 381 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Stock Down 3.1%

NASDAQ KLAC traded down $26.86 on Tuesday, hitting $845.14. 1,046,637 shares of the stock were exchanged, compared to its average volume of 1,141,240. KLA Corporation has a fifty-two week low of $551.33 and a fifty-two week high of $959.26. The company has a 50-day moving average price of $905.33 and a 200-day moving average price of $791.11. 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 company has a market cap of $111.52 billion, a PE ratio of 27.81, a PEG ratio of 2.97 and a beta of 1.48.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Sell-side analysts anticipate that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $1.90 per share. 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 currently 25.01%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KLAC shares. Morgan Stanley lifted their price target on shares of KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lowered KLA from a "buy" rating to a "hold" rating and set a $790.00 target price on the stock. in a research report on Tuesday, May 20th. Wells Fargo & Company restated an "equal weight" rating and set a $920.00 price target (up from $870.00) on shares of KLA in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus raised their target price on KLA from $770.00 to $922.00 and gave the company a "buy" rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $890.59.

Insiders Place Their Bets

In other KLA news, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $7,354,210.32. Following the transaction, the executive vice president directly owned 11,479 shares in the company, valued at approximately $10,488,132.72. This trade represents a 41.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 2,616 shares in the company, valued at approximately $2,332,164. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,889 shares of company stock valued at $17,257,637. 0.12% of the stock is owned by company 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.