KLA Corporation $KLAC Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its position in KLA Corporation (NASDAQ:KLAC) by 85.5% in the 3rd quarter, Holdings Channel reports. The firm owned 5,053 shares of the semiconductor company’s stock after selling 29,699 shares during the quarter. Curated Wealth Partners LLC’s holdings in KLA were worth $985,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KLAC. WealthPlan Investment Management LLC lifted its stake in shares of KLA by 18.4% during the 3rd quarter. WealthPlan Investment Management LLC now owns 11,243 shares of the semiconductor company’s stock worth $2,192,000 after acquiring an additional 1,750 shares during the last quarter. Nvwm LLC boosted its holdings in KLA by 0.9% during the 3rd quarter. Nvwm LLC now owns 12,716 shares of the semiconductor company’s stock valued at $2,479,000 after acquiring an additional 111 shares during the period. HBW Advisory Services LLC boosted its holdings in KLA by 74.7% during the 3rd quarter. HBW Advisory Services LLC now owns 3,127 shares of the semiconductor company’s stock valued at $610,000 after acquiring an additional 1,337 shares during the period. Howard Financial Services LTD. boosted its holdings in KLA by 27.0% during the 3rd quarter. Howard Financial Services LTD. now owns 1,728 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 367 shares during the period. Finally, Mather Group LLC. grew its position in KLA by 2.3% in the 3rd quarter. Mather Group LLC. now owns 32,335 shares of the semiconductor company’s stock valued at $6,303,000 after acquiring an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 target price on shares of KLA in a research note on Wednesday, July 29th. TD Cowen reiterated a “buy” rating and set a $260.00 target price (up from $200.00) on shares of KLA in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of KLA from $200.00 to $238.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $225.00 target price on shares of KLA in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company set a $245.00 price target on shares of KLA and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $221.26.

Insider Activity at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 4,504 shares of KLA stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 owned 7,972 shares of the company’s stock, valued at $1,558,526. This trade represents a 36.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 243,339 shares of company stock valued at $46,903,454. Company insiders own 79.39% of the company’s stock.

KLA Trading Down 2.4%

Shares of NASDAQ:KLAC opened at $174.46 on Friday. The business’s 50-day moving average is $187.30 and its 200 day moving average is $196.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. KLA Corporation has a 1 year low of $107.20 and a 1 year high of $307.37. The firm has a market capitalization of $227.67 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.58 and a beta of 1.45.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. The business had revenue of $3.66 billion during 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%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, research analysts predict that KLA Corporation will post 5.43 earnings per share for the current fiscal year.

KLA Increases Dividend

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

KLA Company Profile

KLA Corporation (NASDAQ: KLAC) develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company’s product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.