Rehmann Capital Advisory Group Has $2.39 Million Stock Holdings in KLA Corporation $KLAC

Key Points

• Rehmann Capital Advisory Group increased its KLA holdings by 1,229% in the second quarter, ending with 7,921 shares valued at approximately $2.39 million. Institutional investors collectively own 86.65% of KLA.
• KLA insiders sold 258,533 shares worth roughly $56.0 million over the past 90 days, including substantial sales by the CEO and chief accounting officer.
• KLA exceeded quarterly earnings and revenue expectations, reporting $1.05 in EPS and $3.66 billion in revenue, while analysts maintained a consensus “Moderate Buy” rating with a $222.22 price target.

Rehmann Capital Advisory Group boosted its holdings in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 1,229.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,921 shares of the semiconductor company's stock after purchasing an additional 7,325 shares during the quarter. Rehmann Capital Advisory Group's holdings in KLA were worth $2,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Railway Pension Investments Ltd increased its position in KLA by 960.4% in the 2nd quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company's stock worth $279,580,000 after buying an additional 839,265 shares during the period. Kintegral Advisory LLC boosted its position in shares of KLA by 900.0% in the second quarter. Kintegral Advisory LLC now owns 9,870 shares of the semiconductor company's stock valued at $2,978,000 after acquiring an additional 8,883 shares during the period. Ancora Advisors LLC grew its stake in shares of KLA by 1,482.7% in the second quarter. Ancora Advisors LLC now owns 823 shares of the semiconductor company's stock worth $248,000 after acquiring an additional 771 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of KLA by 894.4% in the second quarter. Wedbush Securities Inc. now owns 39,608 shares of the semiconductor company's stock worth $11,950,000 after acquiring an additional 35,625 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in KLA during the second quarter worth $241,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Activity at KLA

In related news, CAO Virendra A. Kirloskar sold 4,504 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $880,532.00. Following the sale, the chief accounting officer owned 7,972 shares of the company's stock, valued at $1,558,526. The trade was a 36.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard P. Wallace sold 87,568 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $198.95, for a total value of $17,421,653.60. Following the completion of the sale, the chief executive officer owned 778,944 shares in the company, valued at $154,970,908.80. This trade represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 258,533 shares of company stock valued at $55,977,470. Corporate insiders own 91.48% of the company's stock.

KLA Trading Down 2.6%

Shares of KLA stock opened at $170.89 on Wednesday. KLA Corporation has a 52-week low of $83.22 and a 52-week high of $307.37. The firm has a market capitalization of $223.28 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 1.35 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The company's fifty day moving average price is $209.84 and its two-hundred day moving average price is $188.27.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, analysts expect that KLA Corporation will post 5.42 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from KLA's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. KLA's dividend payout ratio (DPR) is presently 25.07%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KLAC. Oppenheimer reiterated an "outperform" rating and set a $260.00 target price (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. Zacks Research upgraded shares of KLA from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $195.00 price objective (down from $220.00) on shares of KLA in a research report on Wednesday, July 29th. Bank of America increased their target price on shares of KLA from $210.00 to $317.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley reissued an "overweight" rating and set a $253.00 target price on shares of KLA in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, KLA currently has a consensus rating of "Moderate Buy" and a consensus price target of $222.22.

KLA Company 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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