SCS Capital Management LLC Makes New $1.02 Million Investment in KLA Corporation $KLAC

Key Points

• SCS Capital Management LLC made a new investment of $1.02 million in KLA Corporation, purchasing 1,501 shares according to their recent SEC filing.
• KLA Corporation reported earnings of $9.38 EPS for the most recent quarter, exceeding analysts' expectations, while revenue reached $3.17 billion, representing a 23.6% year-over-year increase.
• The company announced a quarterly dividend of $1.90 per share, reflecting an annualized payment of $7.60 and a dividend yield of 0.8%.

SCS Capital Management LLC purchased a new stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,501 shares of the semiconductor company's stock, valued at approximately $1,020,000.

Several other institutional investors also recently modified their holdings of the business. 3Chopt Investment Partners LLC purchased a new stake in shares of KLA during the 1st quarter valued at about $402,000. GAMMA Investing LLC increased its position in KLA by 40.1% in the first quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company's stock worth $1,674,000 after purchasing an additional 705 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in KLA in the first quarter worth $1,479,000. Mirae Asset Global Investments Co. Ltd. increased its position in KLA by 2.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,990 shares of the semiconductor company's stock valued at $93,624,000 after acquiring an additional 3,846 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in KLA during the first quarter valued at $55,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

Shares of KLA stock opened at $932.63 on Thursday. KLA Corporation has a one year low of $551.33 and a one year high of $959.26. The company has a market cap of $123.07 billion, a PE ratio of 30.69, a P/E/G ratio of 3.13 and a beta of 1.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The business has a 50-day simple moving average of $904.07 and a 200-day simple moving average of $796.83.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, topping analysts' consensus estimates of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted $6.60 earnings per share. The business'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 research analysts forecast 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 was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.8%. KLA's payout ratio is currently 25.01%.

Analyst Ratings Changes

Several analysts have commented on KLAC shares. Barclays increased their price target on shares of KLA from $590.00 to $750.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Oppenheimer raised their price objective on shares of KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Cantor Fitzgerald reissued an "overweight" rating on shares of KLA in a report on Tuesday, June 24th. Wall Street Zen lowered shares of KLA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Morgan Stanley lifted their target price on shares of KLA from $916.00 to $928.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $890.59.

Insider Buying and Selling

In related news, CEO Richard P. Wallace sold 10,801 shares of the company's 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 $9,868,657.68. Following the completion of the transaction, the chief executive officer directly owned 92,818 shares of the company's stock, valued at $84,805,950.24. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ahmad A. Khan sold 13,716 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following the completion of the transaction, the insider directly owned 27,372 shares of the company's stock, valued at $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,605 shares of company stock valued at $29,348,291. Corporate insiders own 0.12% of the company's stock.

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.

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