Railway Pension Investments Ltd Has $279.58 Million Holdings in KLA Corporation $KLAC

Key Points

• Railway Pension Investments Ltd significantly increased its KLA stake by 960.4% in the second quarter, acquiring 839,265 additional shares. Its 926,652-share position was worth approximately $279.6 million and represented about 3.5% of its portfolio.
• KLA reported quarterly earnings of $1.05 per share and revenue of $3.66 billion, exceeding analyst expectations, while revenue rose 15.2% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $223.70.
• Insiders sold 258,533 KLA shares worth roughly $56 million over the past 90 days, including sales by the CEO and an executive vice president. KLA also declared a quarterly dividend of $0.23 per share, equivalent to a 0.5% annualized yield.

Railway Pension Investments Ltd grew its position in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 960.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 926,652 shares of the semiconductor company's stock after purchasing an additional 839,265 shares during the quarter. KLA makes up about 3.5% of Railway Pension Investments Ltd's investment portfolio, making the stock its 6th largest position. Railway Pension Investments Ltd owned 0.07% of KLA worth $279,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Monetary Management Group Inc. lifted its position in KLA by 0.4% in the second quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company's stock valued at $3,380,000 after purchasing an additional 15 shares during the last quarter. Tandem Wealth Advisors LLC grew its holdings in shares of KLA by 1.6% in the second quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company's stock worth $934,000 after purchasing an additional 16 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of KLA in the second quarter worth $90,000. Captrust Financial Advisors raised its holdings in KLA by 13.8% during the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company's stock valued at $4,584,000 after buying an additional 619 shares during the last quarter. Finally, Seven Mile Advisory purchased a new stake in KLA during the 3rd quarter valued at $444,000. Institutional investors own 86.65% of the company's stock.

Insider Transactions at KLA

In related news, EVP Mary Beth Wilkinson sold 14,392 shares of KLA stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $285.30, for a total value of $4,106,037.60. Following the completion of the sale, the executive vice president directly owned 53,367 shares in the company, valued at approximately $15,225,605.10. This trade represents a 21.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Richard P. Wallace sold 87,568 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total value of $17,421,653.60. Following the completion of the transaction, the chief executive officer directly owned 778,944 shares of the company's stock, valued at approximately $154,970,908.80. This trade represents a 10.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 258,533 shares of company stock valued at $55,977,470. Insiders own 91.48% of the company's stock.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of analyst reports. Wells Fargo & Company set a $245.00 price objective on shares of KLA and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Needham & Company LLC restated a "buy" rating and set a $270.00 price target on shares of KLA in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $180.00 price target (up from $170.00) on shares of KLA in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $230.00 price objective on shares of KLA in a report on Tuesday, July 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price objective on shares of KLA in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $223.70.

KLA Price Performance

Shares of NASDAQ KLAC opened at $175.45 on Tuesday. The company has a 50 day simple moving average of $211.31 and a two-hundred day simple moving average of $188.11. The company has a market capitalization of $229.23 billion, a price-to-earnings ratio of 47.85, a P/E/G ratio of 1.35 and a beta of 1.45. KLA Corporation has a fifty-two week low of $83.22 and a fifty-two week high of $307.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts expect that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.23 dividend. This is a boost from KLA's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 annualized dividend and a yield of 0.5%. KLA's payout ratio is currently 25.07%.

KLA Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA's offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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