KLA Corporation $KLAC Shares Purchased by Kintra Wealth LLC

Kintra Wealth LLC raised its position in shares of KLA Corporation (NASDAQ:KLAC) by 810.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,143 shares of the semiconductor company’s stock after acquiring an additional 3,688 shares during the period. Kintra Wealth LLC’s holdings in KLA were worth $1,250,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allied Private Wealth LLC acquired a new stake in KLA during the 2nd quarter worth approximately $27,000. Carolina Wealth Advisors LLC lifted its position in KLA by 900.0% during the second quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of KLA in the fourth quarter worth $32,000. Triumph Capital Management purchased a new position in shares of KLA in the 3rd quarter valued at $40,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of KLA in the 4th quarter valued at $41,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Performance

NASDAQ:KLAC opened at $185.60 on Monday. The firm has a 50-day moving average of $205.50 and a two-hundred day moving average of $188.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The stock has a market cap of $242.50 billion, a P/E ratio of 50.61, a PEG ratio of 1.65 and a beta of 1.45. KLA Corporation has a 1-year low of $87.83 and a 1-year high of $307.37.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%.The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, research analysts expect that KLA Corporation will post 5.42 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from KLA’s previous quarterly dividend of $0.23. KLA’s dividend payout ratio is currently 25.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KLAC shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 price target on shares of KLA in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. Rothschild & Co Redburn increased their target price on KLA from $140.00 to $186.50 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 target price (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Finally, Oppenheimer reissued an “outperform” rating and set a $260.00 price target (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.22.

Insider Buying and Selling

In related news, CFO Bren D. Higgins sold 27,701 shares of KLA stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total value of $7,359,878.69. Following the completion of the sale, the chief financial officer owned 263,472 shares in the company, valued at approximately $70,001,875.68. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Virendra Kirloskar sold 4,504 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the completion of the sale, the chief accounting officer directly owned 7,972 shares in the company, valued at $1,558,526. This represents a 36.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 258,533 shares of company stock worth $55,977,470 over the last 90 days. 91.48% of the stock is currently owned by corporate insiders.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.