Venturi Wealth Management LLC Has $18.98 Million Stake in KLA Corporation $KLAC

Venturi Wealth Management LLC trimmed its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,185 shares of the semiconductor company's stock after selling 533 shares during the period. KLA accounts for 0.9% of Venturi Wealth Management LLC's holdings, making the stock its 29th largest position. Venturi Wealth Management LLC's holdings in KLA were worth $18,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Activest Wealth Management increased its stake 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 acquiring an additional 41 shares during the last quarter. Alpine Bank Wealth Management bought a new position in KLA in the first quarter valued at approximately $35,000. Olde Wealth Management LLC bought a new position in KLA in the first quarter valued at approximately $36,000. Saudi Central Bank bought a new position in KLA in the first quarter valued at approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of KLA during the first quarter worth $37,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KLA

In other KLA news, CEO Richard P. Wallace sold 10,801 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares of the company's stock, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian Lorig sold 8,049 shares of the company's 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 completion of the sale, the executive vice president directly owned 11,479 shares of the company's stock, 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 sold a total of 32,566 shares of company stock valued at $29,313,522 over the last three months. Corporate insiders own 91.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KLAC. JPMorgan Chase & Co. boosted their price objective on shares of KLA from $900.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays boosted their price objective on shares of KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. TD Cowen boosted 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. Morgan Stanley set a $1,093.00 price objective on shares of KLA and gave the stock an "equal weight" rating in a research note on Monday, September 22nd. Finally, UBS Group boosted their price objective on shares of KLA from $775.00 to $960.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $950.00.

KLA Price Performance

KLAC stock opened at $1,084.74 on Wednesday. The firm has a market cap of $142.84 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 3.42 and a beta of 1.50. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $1,155.00. The company's fifty day simple moving average is $955.78 and its 200 day simple moving average is $843.68.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business earned $6.60 earnings per share. The business's quarterly revenue was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. On average, analysts expect that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a dividend of $1.90 per share. The ex-dividend date was Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.7%. KLA's dividend payout ratio is currently 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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