TD Waterhouse Canada Inc. Has $170.22 Million Position in KLA Corporation $KLAC

TD Waterhouse Canada Inc. increased its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 842.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 564,200 shares of the semiconductor company’s stock after purchasing an additional 504,327 shares during the period. TD Waterhouse Canada Inc.’s holdings in KLA were worth $170,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allied Private Wealth LLC bought a new stake in KLA during the 2nd quarter worth approximately $27,000. Carolina Wealth Advisors LLC lifted its stake 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 buying an additional 90 shares in the last quarter. Basepoint Wealth LLC bought a new position in KLA in the fourth quarter valued at approximately $32,000. Triumph Capital Management acquired a new position in shares of KLA in the third quarter valued at approximately $40,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of KLA in the fourth quarter valued at approximately $41,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley restated an “overweight” rating and set a $253.00 price objective on shares of KLA in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $225.00 target price on shares of KLA in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and set a $210.00 target price (up from $200.00) on shares of KLA in a report on Wednesday, July 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $230.00 price target on shares of KLA in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective (up from $170.00) on shares of KLA in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.22.

Insider Buying and Selling at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the sale, the executive vice president owned 77,681 shares in the company, valued at approximately $16,167,746.53. This represents a 43.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP MaryBeth Wilkinson sold 13,802 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $2,698,291.00. Following the transaction, the executive vice president directly owned 22,110 shares of the company’s stock, valued at $4,322,505. This trade represents a 38.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 258,533 shares of company stock valued at $55,977,470 in the last ninety days. Insiders own 91.48% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $172.94 on Friday. The stock has a market capitalization of $225.95 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 1.53 and a beta of 1.45. KLA Corporation has a 12 month low of $83.90 and a 12 month high of $307.37. The firm has a fifty day simple moving average of $206.78 and a 200 day simple moving average of $188.65. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results 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 firm 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 business earned $0.94 EPS. The company’s 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. Research analysts forecast that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given 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 dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. KLA’s dividend payout ratio (DPR) is presently 25.07%.

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.