Parkside Financial Bank & Trust Grows Position in KLA Corporation $KLAC

Parkside Financial Bank & Trust raised its stake in shares of KLA Corporation (NASDAQ:KLAC) by 773.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,178 shares of the semiconductor company’s stock after acquiring an additional 4,585 shares during the period. Parkside Financial Bank & Trust’s holdings in KLA were worth $1,562,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Monetary Management Group Inc. lifted its position in shares of KLA by 0.4% during the second quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock valued at $3,380,000 after purchasing an additional 15 shares in the last quarter. Tandem Wealth Advisors LLC grew its position in KLA by 1.6% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock worth $934,000 after purchasing an additional 16 shares in the last quarter. WFA of San Diego LLC purchased a new stake in KLA in the 2nd quarter valued at about $90,000. Captrust Financial Advisors lifted its position in shares of KLA by 13.8% during the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock worth $4,584,000 after buying an additional 619 shares in the last quarter. Finally, Seven Mile Advisory purchased a new position in shares of KLA in the 3rd quarter worth approximately $444,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $185.60 on Tuesday. The firm has a market capitalization of $242.50 billion, a PE ratio of 50.61, a P/E/G ratio of 1.65 and a beta of 1.45. 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 company has a 50-day moving average price of $203.64 and a two-hundred day moving average price of $189.20. KLA Corporation has a twelve month low of $87.83 and a twelve month high of $307.37.

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

KLA Increases Dividend

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

Insider Transactions at KLA

In related news, EVP MaryBeth Wilkinson sold 14,392 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $285.30, for a total transaction of $4,106,037.60. Following the sale, the executive vice president owned 53,367 shares of the company’s stock, valued at approximately $15,225,605.10. This represents a 21.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Richard P. Wallace sold 87,568 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total value of $17,421,653.60. Following the completion of the transaction, the chief executive officer owned 778,944 shares of the company’s stock, valued at approximately $154,970,908.80. This represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 258,533 shares of company stock valued at $55,977,470. 91.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KLAC shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of KLA in a report on Wednesday, June 17th. UBS Group cut their price objective on KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Jefferies Financial Group restated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $253.00 target price on shares of KLA in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $222.22.

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.