TD Private Client Wealth LLC Acquires 993 Shares of KLA Corporation $KLAC

Key Points

• TD Private Client Wealth LLC increased its stake in KLA Corporation by 32.6%, acquiring an additional 993 shares, bringing its total holdings to 4,036 shares worth approximately $3.6 million.
• Insider trading activity includes EVP Brian Lorig selling 8,049 shares for over $7.3 million, reflecting a significant decrease of 41.22% in his ownership.
• Analysts have raised KLA's price targets, with JPMorgan Chase & Co. increasing theirs from $900 to $1,070, while the stock has a consensus rating of "Hold" and a target price of $900.29.

TD Private Client Wealth LLC lifted its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 32.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,036 shares of the semiconductor company's stock after acquiring an additional 993 shares during the period. TD Private Client Wealth LLC's holdings in KLA were worth $3,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Park Square Financial Group LLC purchased a new position in KLA during the fourth quarter valued at approximately $153,000. PKO Investment Management Joint Stock Co purchased a new position in KLA during the fourth quarter worth about $5,356,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of KLA by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,131 shares of the semiconductor company's stock valued at $13,945,000 after acquiring an additional 118 shares in the last quarter. DSG Capital Advisors LLC bought a new stake in shares of KLA during the 4th quarter valued at about $852,000. Finally, Fairtree Asset Management Pty Ltd bought a new position in shares of KLA in the fourth quarter worth approximately $450,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Insider Buying and Selling

In related news, EVP Brian Lorig sold 8,049 shares of the firm'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 transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president owned 11,479 shares of the company's stock, valued at $10,488,132.72. This trade represents a 41.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer owned 2,616 shares of the company's stock, valued at $2,332,164. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,605 shares of company stock worth $29,348,291. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Stifel Nicolaus lifted their price target on shares of KLA from $770.00 to $922.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company reissued an "equal weight" rating and issued a $920.00 price target (up from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Citigroup increased their target price on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of KLA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, KLA has a consensus rating of "Hold" and a consensus price target of $900.29.

KLA Trading Down 0.2%

Shares of KLAC opened at $1,068.67 on Thursday. KLA Corporation has a 1-year low of $551.33 and a 1-year high of $1,076.79. The firm has a market capitalization of $141.02 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 3.64 and a beta of 1.48. The firm's 50-day moving average price is $923.39 and its 200-day moving average price is $818.05. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating the consensus estimate of $8.53 by $0.85. The business had revenue of $3.17 billion for 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 revenue was up 23.6% on a year-over-year basis. During the same period in the previous 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 year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid 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 0.7%. KLA's dividend payout ratio (DPR) is currently 25.01%.

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.

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