E. Ohman J or Asset Management AB Purchases 41,024 Shares of KLA Corporation $KLAC

E. Ohman J or Asset Management AB lifted its position in shares of KLA Corporation (NASDAQ:KLAC) by 848.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 45,860 shares of the semiconductor company’s stock after purchasing an additional 41,024 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in KLA were worth $13,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KLAC. Handelsbanken Fonder AB raised its stake in shares of KLA by 978.2% in the second quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock valued at $259,164,000 after purchasing an additional 779,317 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in KLA during the fourth quarter worth $119,618,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in KLA by 151.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 116,292 shares of the semiconductor company’s stock valued at $171,230,000 after buying an additional 70,000 shares during the period. GAMMA Investing LLC increased its holdings in KLA by 959.0% in the 2nd quarter. GAMMA Investing LLC now owns 37,363 shares of the semiconductor company’s stock valued at $11,273,000 after buying an additional 33,835 shares during the period. Finally, Pinebridge Investments LLC acquired a new position in shares of KLA in the 4th quarter valued at $32,812,000. 86.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other KLA news, CFO Bren D. Higgins sold 27,701 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 263,472 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 45,120 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $221.34, for a total transaction of $9,986,725.44. Following the transaction, the chief executive officer owned 713,830 shares in the company, valued at $157,996,990.71. The trade was a 5.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,379 shares of company stock worth $26,154,182 over the last ninety days. Company insiders own 91.48% of the company’s stock.

KLA Stock Performance

NASDAQ KLAC opened at $192.74 on Tuesday. KLA Corporation has a 1-year low of $83.22 and a 1-year high of $307.37. The company has a 50 day moving average of $223.60 and a 200-day moving average of $183.55. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The firm has a market cap of $251.77 billion, a price-to-earnings ratio of 52.56, a PEG ratio of 1.52 and a beta of 1.45.

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

KLA Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citic Securities raised their price objective on shares of KLA from $135.00 to $197.00 in a report on Wednesday, May 6th. TD Cowen reissued a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. Argus increased their price target on shares of KLA from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Barclays restated an “overweight” rating and set a $225.00 price target on shares of KLA in a research note on Monday, July 20th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.70.

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.