KLA Corporation $KLAC Position Lessened by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC reduced its holdings in KLA Corporation by 16.3%, selling 398 shares, and now owns 2,047 shares valued at approximately $1.39 million.
• Analysts have raised target prices for KLA shares, with Stifel Nicolaus increasing their target from $770 to $922 and Citigroup raising theirs from $1,035 to $1,060, indicating a strong buy sentiment.
• KLA Corporation recently announced a quarterly dividend of $1.90 per share, highlighting a dividend yield of 0.8% and a total dividend payout ratio of 25.01%.

Trivium Point Advisory LLC trimmed its holdings in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 16.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,047 shares of the semiconductor company's stock after selling 398 shares during the period. Trivium Point Advisory LLC's holdings in KLA were worth $1,392,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, CAO Virendra A. Kirloskar sold 39 shares of the 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 completion of the sale, the chief accounting officer directly owned 2,616 shares of the company's stock, valued at approximately $2,332,164. This represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 10,801 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 92,818 shares of the company's stock, valued at $84,805,950.24. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,908 shares of company stock valued at $18,038,659 over the last ninety days. Corporate insiders own 0.12% of the company's stock.

KLA Trading Up 0.3%

KLAC stock traded up $2.36 during mid-day trading on Wednesday, reaching $878.44. 978,414 shares of the stock traded hands, compared to its average volume of 1,075,947. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $959.26. The stock's fifty day moving average is $904.12 and its 200-day moving average is $783.62. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The company has a market cap of $115.92 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.98 and a beta of 1.44.

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

KLA declared that its board has authorized a stock buyback plan on Wednesday, April 30th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be issued a dividend of $1.90 per share. The ex-dividend date is Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.9%. KLA's payout ratio is currently 25.01%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research analyst reports. Oppenheimer upped their target price on KLA from $740.00 to $950.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Barclays boosted their price objective on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. The Goldman Sachs Group assumed coverage on KLA in a report on Thursday, July 10th. They issued a "neutral" rating and a $980.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on KLA from $900.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Citigroup boosted their price target on shares of KLA from $1,035.00 to $1,060.00 and gave the stock a "buy" rating in a research report 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $890.59.

KLA 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.