UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Reduces Stock Position in KLA Corporation $KLAC

Key Points

• UBS Asset Management reduced its stake in KLA Corporation by 6.4% in the first quarter, now holding approximately 0.84% of the company, equivalent to $758 million.
• KLA recently reported earnings of $9.38 per share, surpassing analyst expectations of $8.53, and demonstrated a 23.6% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $1.90, representing an annualized yield of 0.8% and a dividend payout ratio of 25.01%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its stake in KLA Corporation (NASDAQ:KLAC - Free Report) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,115,141 shares of the semiconductor company's stock after selling 76,121 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.84% of KLA worth $758,073,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in KLA by 4,100.0% in the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company's stock valued at $29,000 after buying an additional 41 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in shares of KLA during the 1st quarter worth approximately $35,000. Olde Wealth Management LLC purchased a new position in shares of KLA during the 1st quarter worth approximately $36,000. Saudi Central Bank purchased a new position in shares of KLA during the 1st quarter worth approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of KLA during the 1st quarter worth approximately $37,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

KLA stock opened at $908.98 on Tuesday. The stock has a market capitalization of $119.95 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.08 and a beta of 1.48. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $959.26. The stock's 50 day moving average price is $903.47 and its two-hundred day moving average price is $795.04. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.53 by $0.85. The firm 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 company's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, equities analysts predict that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 18th. KLA's dividend payout ratio (DPR) is currently 25.01%.

Insider Transactions at KLA

In related news, EVP Brian Lorig sold 8,049 shares of the stock in a transaction 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 directly owned 11,479 shares in the company, valued at $10,488,132.72. This trade represents a 41.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ahmad A. Khan sold 13,716 shares of the firm's stock in a transaction 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 transaction, the insider owned 27,372 shares in the company, valued at approximately $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. 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 currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and set a $950.00 price objective (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Citigroup raised their target price 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. Cantor Fitzgerald restated an "overweight" rating on shares of KLA in a research report on Tuesday, June 24th. Finally, Morgan Stanley raised their target price on shares of KLA from $916.00 to $928.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.