KLA Corporation $KLAC Shares Purchased by Elite Wealth Management Inc.

Elite Wealth Management Inc. raised its holdings in KLA Corporation (NASDAQ:KLAC) by 37.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,140 shares of the semiconductor company’s stock after buying an additional 12,651 shares during the quarter. KLA makes up approximately 1.7% of Elite Wealth Management Inc.’s holdings, making the stock its 14th largest holding. Elite Wealth Management Inc.’s holdings in KLA were worth $8,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allied Private Wealth LLC purchased a new position in shares of KLA during the 2nd quarter worth about $27,000. Atomic Invest LLC boosted its position in shares of KLA by 781.8% in the second quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. Roble Belko & Company Inc grew its holdings in KLA by 2,275.0% in the second quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 91 shares during the period. Carolina Wealth Advisors LLC grew its holdings in KLA by 900.0% in the second quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Finally, Cherry Tree Wealth Management LLC grew its holdings in KLA by 900.0% in the second quarter. Cherry Tree Wealth Management LLC now owns 120 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Key Stories Impacting KLA

Here are the key news stories impacting KLA this week:

• Positive Sentiment: KLA declared a quarterly cash dividend of $0.23 per share, payable December 1 to shareholders of record November 16. The dividend provides a modest return to shareholders. KLA Declares Regular Cash Dividend
• Positive Sentiment: A bullish analysis highlights KLA’s strong quarterly results, AI-related demand, expanding margins, and upbeat guidance, including projected year-over-year revenue growth of 43% and EPS growth above 60% in the next quarter. KLA: Unfairly Caught Up In The Tech Carnage
• Positive Sentiment: Exchange-traded funds bought $52.3 million of KLAC shares on November 3, indicating institutional fund demand. ETFs Bought $52.3 Million of KLAC
• Neutral Sentiment: A report on a $17 billion hedge fund returning cash after a poor month discusses ownership and positioning in AI-chip stocks, including KLA. It may contribute to volatility, but does not by itself establish a change in KLA’s business outlook. Hedge Fund Returns Cash After Worst Month Since 2020
• Negative Sentiment: Unusually high put-option buying suggests some investors are hedging against, or betting on, downside in KLAC, a potentially bearish near-term signal. KLA Stock Sees Unusually High Put Option Buying

Analyst Upgrades and Downgrades

Several brokerages recently commented on KLAC. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price target (up from $170.00) on shares of KLA in a research report on Wednesday, July 29th. Cantor Fitzgerald set a $240.00 price target on shares of KLA and gave the company an “overweight” rating in a report on Thursday, October 29th. Barclays reissued an “overweight” rating and set a $225.00 price objective on shares of KLA in a research note on Monday, July 20th. Sanford C. Bernstein restated an “outperform” rating and set a $225.00 price objective on shares of KLA in a report on Wednesday, July 29th. Finally, BMO Capital Markets set a $133.00 price objective on KLA in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and an average price target of $220.35.

Insider Buying and Selling at KLA

In other news, CEO Richard Wallace sold 72,019 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total value of $12,378,625.72. Following the transaction, the chief executive officer owned 706,925 shares of the company’s stock, valued at approximately $121,506,269. This trade represents a 9.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian Lorig sold 59,586 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This represents a 43.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 219,173 shares of company stock valued at $42,201,914 in the last three months. Company insiders own 79.39% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $138.49 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.86 and a current ratio of 2.76. KLA Corporation has a 1 year low of $107.20 and a 1 year high of $307.37. The stock has a market capitalization of $180.45 billion, a P/E ratio of 34.62, a PEG ratio of 1.13 and a beta of 1.49. The stock has a 50-day simple moving average of $174.83 and a 200-day simple moving average of $181.68.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.18 by $0.04. KLA had a net margin of 36.25% and a return on equity of 89.30%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm posted $8.47 earnings per share. KLA’s revenue for the quarter was up 28.9% compared to the same quarter last year. Equities analysts forecast that KLA Corporation will post 5.73 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. KLA’s dividend payout ratio is presently 23.00%.

KLA Company Profile

KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices.

The company’s products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.