Trust Point Inc. Raises Stake in KLA Corporation $KLAC

Key Points

• Trust Point Inc. increased its stake in KLA Corporation by 58.0% during the second quarter, owning a total of 774 shares worth approximately $693,000.
• KLA reported a quarterly EPS of $9.38, exceeding estimates by $0.85, along with a year-over-year revenue increase of 23.6% to $3.17 billion.
• The company declared a quarterly dividend of $1.90 per share, representing an annual yield of 0.7% and a payout ratio of 25.01%.

Trust Point Inc. increased its stake in shares of KLA Corporation (NASDAQ:KLAC - Free Report) by 58.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 774 shares of the semiconductor company's stock after purchasing an additional 284 shares during the period. Trust Point Inc.'s holdings in KLA were worth $693,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KLAC. Activest Wealth Management lifted its holdings in KLA by 4,100.0% during the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of KLA in the 1st quarter valued at about $35,000. Olde Wealth Management LLC purchased a new stake in shares of KLA in the 1st quarter valued at about $36,000. Saudi Central Bank purchased a new stake in shares of KLA in the 1st quarter valued at about $36,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of KLA in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

Shares of KLA stock opened at $1,046.69 on Friday. 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 firm has a market capitalization of $138.12 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The business's 50-day moving average price is $912.60 and its 200-day moving average price is $808.14. KLA Corporation has a 12 month low of $551.33 and a 12 month high of $1,076.79.

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, beating the consensus estimate of $8.53 by $0.85. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The company's revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Sell-side analysts forecast that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 18th. KLA's dividend payout ratio (DPR) is presently 25.01%.

Insider Buying and Selling

In related news, CEO Richard P. Wallace sold 10,801 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 $9,868,657.68. Following the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $7,354,210.32. Following the transaction, the executive vice president owned 11,479 shares in the company, valued at approximately $10,488,132.72. The trade was a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock valued at $29,348,291 in the last 90 days. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KLAC shares. Morgan Stanley raised their price target on KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Raymond James Financial reaffirmed an "outperform" rating and issued a $950.00 price target (up previously from $850.00) on shares of KLA in a report on Friday, August 1st. Citigroup raised their price target on KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a report on Friday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of KLA in a report on Tuesday, June 24th. Finally, TD Cowen raised their price target on KLA from $800.00 to $900.00 and gave the company a "hold" rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.

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