KLA Corporation $KLAC Shares Purchased by Kintra Wealth LLC

Kintra Wealth LLC lifted its position in shares of KLA Corporation (NASDAQ:KLAC) by 810.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,143 shares of the semiconductor company’s stock after purchasing 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.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in KLA during the 2nd quarter worth approximately $387,000. Echo45 Advisors LLC purchased a new stake in KLA in the second quarter valued at approximately $217,000. Beaird Harris Wealth Management LLC lifted its stake in KLA by 752.9% in the second quarter. Beaird Harris Wealth Management LLC now owns 290 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 256 shares during the last quarter. Guardian Wealth Management Inc. acquired a new stake in shares of KLA in the second quarter valued at approximately $232,000. Finally, HB Wealth Management LLC boosted its holdings in shares of KLA by 927.1% in the second quarter. HB Wealth Management LLC now owns 88,287 shares of the semiconductor company’s stock valued at $26,637,000 after acquiring an additional 79,691 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KLA

In other KLA news, EVP MaryBeth Wilkinson sold 13,802 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $2,698,291.00. Following the sale, the executive vice president directly owned 22,110 shares of the company’s stock, valued at approximately $4,322,505. This trade represents a 38.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 59,586 shares of KLA stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the sale, the executive vice president owned 77,681 shares of the company’s stock, valued at $16,167,746.53. This trade represents a 43.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 258,533 shares of company stock valued at $55,977,470. 91.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KLAC. Morgan Stanley reaffirmed an “overweight” rating and issued a $253.00 target price on shares of KLA in a report on Wednesday, July 29th. Susquehanna set a $215.00 price target on shares of KLA and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $225.00 price objective on shares of KLA in a research report on Wednesday, July 29th. Stifel Nicolaus set a $250.00 target price on KLA and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Bank of America lifted their price target on KLA from $210.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and an average target price of $222.22.

KLA Price Performance

KLAC opened at $185.60 on Monday. The business’s fifty day simple moving average is $205.50 and its 200 day simple moving average is $188.93. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. The firm 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 52 week low of $87.83 and a 52 week high of $307.37.

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

KLA Increases Dividend

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

About KLA

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.