United Services Automobile Association Makes New $2.10 Million Investment in KLA Corporation $KLAC

Key Points

• United Services Automobile Association invested approximately $2.10 million in KLA Corporation, acquiring 3,122 shares of the semiconductor company during the first quarter.
• KLA reported earnings of $9.38 per share for the quarter, surpassing analysts' expectations, and witnessed a year-over-year revenue increase of 23.6%.
• The company declared a quarterly dividend of $1.90 per share, representing an annualized dividend yield of 0.8% amid notable insider selling activities.

United Services Automobile Association acquired a new position in KLA Corporation (NASDAQ:KLAC - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,122 shares of the semiconductor company's stock, valued at approximately $2,103,000.

Several other hedge funds have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in KLA by 3.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,466 shares of the semiconductor company's stock worth $3,716,000 after purchasing an additional 205 shares during the last quarter. Canada Post Corp Registered Pension Plan boosted its position in KLA by 321.9% during the 1st quarter. Canada Post Corp Registered Pension Plan now owns 9,506 shares of the semiconductor company's stock valued at $6,462,000 after purchasing an additional 7,253 shares during the period. Great Lakes Advisors LLC boosted its position in KLA by 3.8% during the 1st quarter. Great Lakes Advisors LLC now owns 1,187 shares of the semiconductor company's stock worth $807,000 after acquiring an additional 43 shares during the period. Caxton Associates LLP acquired a new position in KLA during the 1st quarter worth $738,000. Finally, Sciencast Management LP acquired a new position in KLA during the 1st quarter worth $3,413,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Up 3.6%

NASDAQ KLAC opened at $905.09 on Monday. KLA Corporation has a 52 week low of $551.33 and a 52 week high of $959.26. 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 stock has a market capitalization of $119.44 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 3.08 and a beta of 1.48. The stock has a fifty day moving average of $903.20 and a 200-day moving average of $793.96.

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 the consensus estimate of $8.53 by $0.85. The business 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 firm's revenue was up 23.6% on a year-over-year basis. During the same period last year, the company earned $6.60 EPS. 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 year.

KLA Dividend Announcement

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

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of recent analyst reports. Wall Street Zen lowered KLA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Cantor Fitzgerald restated an "overweight" rating on shares of KLA in a research note on Tuesday, June 24th. Barclays boosted their target price on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Stifel Nicolaus increased their target price on KLA from $770.00 to $922.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group initiated coverage on KLA in a research note on Thursday, July 10th. They set a "neutral" rating and a $980.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $890.59.

Insider Buying and Selling

In related news, CAO Virendra A. Kirloskar sold 39 shares of the stock in a transaction on 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 in the company, valued at $2,332,164. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,605 shares of company stock valued at $29,348,291. 0.12% of the stock is currently owned by corporate insiders.

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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