Yousif Capital Management LLC Reduces Stock Position in KLA Corporation $KLAC

Key Points

• Yousif Capital Management LLC has reduced its holdings in KLA Corporation by 2.7%, selling 466 shares during the second quarter, bringing their total shares owned to 16,725 valued at approximately $14.98 million.
• KLA Corporation reported earnings of $9.38 per share for the last quarter, exceeding analyst expectations of $8.53, along with a revenue of $3.17 billion, up 23.6% year-over-year.
• The company declared a quarterly dividend of $1.90 per share, yielding 0.8%, with a dividend payout ratio of 25.01%.

Yousif Capital Management LLC reduced its holdings in KLA Corporation (NASDAQ:KLAC - Free Report) by 2.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,725 shares of the semiconductor company's stock after selling 466 shares during the period. Yousif Capital Management LLC's holdings in KLA were worth $14,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KLAC. Activest Wealth Management boosted its stake in shares of 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 during the period. Ulland Investment Advisors LLC purchased a new stake in KLA in the 2nd quarter valued at about $32,000. Alpine Bank Wealth Management purchased a new stake in KLA in the 1st quarter valued at about $35,000. Olde Wealth Management LLC bought a new stake in shares of KLA in the 1st quarter valued at about $36,000. Finally, Saudi Central Bank bought a new stake in shares of KLA in the 1st quarter valued at about $36,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Down 6.7%

NASDAQ KLAC opened at $982.75 on Monday. The firm has a market cap of $129.41 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.50. KLA Corporation has a 52 week low of $551.33 and a 52 week high of $1,155.00. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average price of $963.94 and a 200 day moving average price of $851.28.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping the consensus estimate of $8.53 by $0.85. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. KLA's revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, sell-side analysts forecast that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on KLAC. Raymond James Financial restated 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. JPMorgan Chase & Co. boosted their price target on shares of KLA from $900.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group boosted their price target on shares of KLA from $980.00 to $1,120.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Oppenheimer boosted their price target on shares of KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Eight research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, KLA has a consensus rating of "Hold" and a consensus target price of $973.16.

Insider Buying and Selling

In related news, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the sale, the insider directly owned 27,372 shares in the company, valued at $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. Over the last three months, insiders have sold 32,566 shares of company stock valued at $29,313,522. Corporate insiders own 91.48% of the company's stock.

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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