Provenance Wealth Advisors LLC Acquires 3,757 Shares of KLA Corporation $KLAC

Provenance Wealth Advisors LLC bought a new position in KLA Corporation (NASDAQ:KLAC) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 3,757 shares of the semiconductor company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position in shares of KLA by 36.4% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 16 shares during the period. Allied Private Wealth LLC bought a new position in KLA in the second quarter worth about $27,000. McIlrath & Eck LLC raised its stake in KLA by 6.8% in the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock worth $139,000 after buying an additional 6 shares in the last quarter. Roble Belko & Company Inc raised its stake in KLA by 2,275.0% in the second quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock worth $29,000 after buying an additional 91 shares in the last quarter. Finally, Atomic Invest LLC lifted its holdings in 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 buying an additional 86 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Down 4.1%

Shares of NASDAQ KLAC opened at $149.79 on Thursday. KLA Corporation has a 1 year low of $107.20 and a 1 year high of $307.37. The stock has a market cap of $195.17 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.49. The firm has a 50-day moving average of $176.82 and a 200 day moving average of $181.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.76 and a quick ratio of 1.86.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.18 by $0.04. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.04 billion. KLA had a net margin of 36.25% and a return on equity of 89.30%. KLA’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.47 earnings per share. As a group, sell-side analysts expect that KLA Corporation will post 5.73 EPS for the current fiscal year.

KLA News Summary

Here are the key news stories impacting KLA this week:

• Positive Sentiment: KLA said AI-driven chip demand is accelerating and expects the semiconductor equipment market to exceed $200 billion in 2027, with advanced packaging and memory supporting growth. KLAC Q1 Earnings Call Highlights AI Demand and 2027 Growth Outlook
• Positive Sentiment: Recent coverage said KLA beat first-quarter earnings expectations and raised guidance, citing AI demand and growth in its advanced-packaging business. What Is Going On With KLA Stock on Tuesday?
• Neutral Sentiment: Sell-side analysts collectively rate KLAC “Moderate Buy,” indicating a generally favorable view, though the rating alone does not explain the latest trading. KLA Corporation Stock Rated Moderate Buy by Sell-Side Analysts
• Negative Sentiment: Investors bought 47,908 put options on Wednesday—167% above typical daily volume. This may reflect increased hedging or bearish speculation and could weigh on sentiment, but options activity does not establish the reason for the move.

Insider Activity at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $208.13, for a total value of $12,401,634.18. Following the sale, the executive vice president owned 77,681 shares in the company, valued at $16,167,746.53. This represents a 43.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard P. Wallace sold 87,568 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $198.95, for a total value of $17,421,653.60. Following the transaction, the chief executive officer directly owned 778,944 shares of the company’s stock, valued at approximately $154,970,908.80. This trade represents a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 219,173 shares of company stock valued at $42,201,914 over the last quarter. Company insiders own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of KLA in a research report on Thursday, July 9th. Wells Fargo & Company decreased their target price on KLA from $245.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. JPMorgan Chase & Co. increased their target price on KLA from $238.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Stifel Nicolaus set a $230.00 target price on KLA and gave the company a “buy” rating in a research note on Thursday, October 29th. Finally, Citigroup dropped their price target on KLA from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. One equities 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’s stock. According to data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.35.

KLA Company Profile

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.