USS Investment Management Ltd Sells 7,278 Shares of KLA Corporation $KLAC

Key Points

• USS Investment Management Ltd reduced its holdings in KLA Corporation by 23.7%, selling 7,278 shares and bringing their total to 23,491 shares valued at approximately $15.96 million.
• Institutional investors significantly increased their positions in KLA, with GAMMA Investing LLC boosting their stake by 95,141.6%, now holding shares valued at over $1.13 billion.
• KLA Corporation reported a quarterly earnings per share (EPS) of $9.38, exceeding estimates, and achieved a revenue of $3.17 billion, marking a 23.6% increase year-over-year.

USS Investment Management Ltd reduced its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,491 shares of the semiconductor company's stock after selling 7,278 shares during the quarter. USS Investment Management Ltd's holdings in KLA were worth $15,963,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KLAC. GAMMA Investing LLC increased its position in shares of KLA by 95,141.6% in the first quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock worth $1,138,221,000 after purchasing an additional 1,672,589 shares during the last quarter. Nuveen LLC bought a new position in shares of KLA in the 1st quarter worth $348,822,000. Goldman Sachs Group Inc. increased its holdings in shares of KLA by 27.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company's stock worth $1,259,543,000 after buying an additional 404,634 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of KLA by 33.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,191,262 shares of the semiconductor company's stock worth $750,638,000 after buying an additional 300,015 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of KLA by 421.8% in the 4th quarter. Voloridge Investment Management LLC now owns 325,411 shares of the semiconductor company's stock worth $205,048,000 after buying an additional 263,051 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company reissued an "equal weight" rating and issued a $920.00 target price (up previously from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Cantor Fitzgerald reiterated an "overweight" rating on shares of KLA in a research report on Tuesday, June 24th. The Goldman Sachs Group started coverage on KLA in a research report on Thursday, July 10th. They set a "neutral" rating and a $980.00 price objective on the stock. Finally, Oppenheimer increased their price target on shares of KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, KLA has an average rating of "Hold" and an average price target of $890.59.

Insider Activity

In related news, insider Ahmad A. Khan sold 13,716 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the sale, the insider directly owned 27,372 shares of the company's stock, valued at $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Lorig sold 8,049 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 $7,354,210.32. Following the completion of the sale, the executive vice president directly owned 11,479 shares in the company, valued at $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 a total of 32,605 shares of company stock worth $29,348,291 over the last ninety days. 0.12% of the stock is owned by insiders.

KLA Price Performance

KLAC opened at $905.09 on Friday. The stock's 50 day simple moving average is $903.20 and its 200 day simple moving average is $793.84. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $959.26. The firm has a market cap of $119.44 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 3.08 and a beta of 1.48.

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. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company earned $6.60 EPS. KLA's revenue for the quarter was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, analysts predict that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

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

KLA Company 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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