Redwood Investment Management LLC Buys New Shares in KLA Corporation $KLAC

Key Points

• Redwood Investment Management LLC acquired 2,007 shares of KLA Corporation, valued at approximately $1,364,000, marking a new investment in the semiconductor company.
• Several other institutional investors have also increased their holdings in KLA, with 86.65% of the company's stock now owned by such investors.
• KLA recently reported $9.38 EPS for the quarter, beating estimates, and has initiated a share buyback plan worth $5 billion, indicating confidence in its stock value.

Redwood Investment Management LLC acquired a new stake in KLA Corporation (NASDAQ:KLAC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,007 shares of the semiconductor company's stock, valued at approximately $1,364,000.

A number of other hedge funds have also recently bought and sold shares of KLAC. Alpine Bank Wealth Management bought a new position in KLA in the 1st quarter valued at $35,000. Olde Wealth Management LLC bought a new position in shares of KLA in the 1st quarter worth $36,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of KLA in the 1st quarter worth $37,000. Hazlett Burt & Watson Inc. bought a new position in shares of KLA in the 1st quarter worth $45,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of KLA by 527.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 58 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Down 2.5%

KLA stock traded down $22.00 during mid-day trading on Friday, hitting $872.00. 954,278 shares of the company's stock were exchanged, compared to its average volume of 958,696. The company's 50 day simple moving average is $905.02 and its 200-day simple moving average is $789.81. KLA Corporation has a fifty-two week low of $551.33 and a fifty-two week high of $959.26. The firm has a market capitalization of $115.07 billion, a P/E ratio of 28.69, a PEG ratio of 3.05 and a beta of 1.44. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings results 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. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the business posted $6.60 EPS. The company's revenue for the quarter was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, equities analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a $1.90 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.9%. KLA's dividend payout ratio (DPR) is currently 25.01%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KLAC. Oppenheimer raised their price target on KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Wall Street Zen lowered KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. TD Cowen raised their price target on KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. The Goldman Sachs Group initiated coverage on KLA in a research report on Thursday, July 10th. They issued a "neutral" rating and a $980.00 price target on the stock. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $920.00 price objective (up previously from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, KLA has an average rating of "Hold" and a consensus price target of $890.59.

Insider Buying and Selling at KLA

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

KLA Company 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.