Insider Selling: KLA (NASDAQ:KLAC) Insider Sells 13,716 Shares of Stock

Key Points

• Ahmad Khan, an insider at KLA Corporation, sold 13,716 shares of stock for a total of $12,090,654, decreasing his position by 33.38% and leaving him with 27,372 shares valued at approximately $24 million.
• KLA's stock has recently traded down by 2.9% to $846.35, while analysts have a consensus rating of "Hold" with an average target price of $890.59.
• The company reported a net margin of 33.41% and a year-over-year revenue increase of 23.6%, with earnings per share of $9.38, surpassing expectations.

KLA Corporation (NASDAQ:KLAC - Get Free Report) insider Ahmad A. Khan sold 13,716 shares of the company's 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 transaction, the insider owned 27,372 shares of the company's stock, valued at $24,128,418. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

KLA Price Performance

NASDAQ:KLAC traded up $31.80 during trading hours on Friday, reaching $905.09. 1,155,118 shares of the company were exchanged, compared to its average volume of 887,379. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $959.26. The firm has a market cap of $119.44 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 3.08 and a beta of 1.48. The stock's 50-day moving average is $903.20 and its 200-day moving average is $793.84. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC - Get Free Report) last released its 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. KLA had a net margin of 33.41% and a return on equity of 112.41%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm earned $6.60 earnings per share. The company'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. On average, sell-side analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.8%. KLA's dividend payout ratio is presently 25.01%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KLAC. 3Chopt Investment Partners LLC acquired a new stake in shares of KLA during the first quarter worth about $402,000. GAMMA Investing LLC lifted its stake in KLA by 40.1% in the first quarter. GAMMA Investing LLC now owns 2,463 shares of the semiconductor company's stock worth $1,674,000 after acquiring an additional 705 shares during the last quarter. Confluence Wealth Services Inc. purchased a new position in KLA in the first quarter worth approximately $1,479,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in KLA by 2.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,990 shares of the semiconductor company's stock worth $93,624,000 after acquiring an additional 3,846 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in KLA in the first quarter worth approximately $55,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KLAC shares. Stifel Nicolaus upped their target price on shares of KLA from $770.00 to $922.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup upped their price objective on shares of KLA from $1,035.00 to $1,060.00 and gave the company a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective 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. Morgan Stanley upped their price objective on shares of KLA from $916.00 to $928.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of KLA from a "buy" rating to a "hold" rating and set a $790.00 price objective for the company. in a report on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, KLA currently has a consensus rating of "Hold" and a consensus target price of $890.59.

About KLA

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.