Riverview Trust Co Reduces Position in KLA Corporation $KLAC

Riverview Trust Co trimmed its position in shares of KLA Corporation (NASDAQ:KLAC) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,490 shares of the semiconductor company’s stock after selling 206 shares during the period. KLA makes up 1.7% of Riverview Trust Co’s portfolio, making the stock its 9th biggest holding. Riverview Trust Co’s holdings in KLA were worth $1,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in KLA in the 1st quarter worth approximately $55,000. Merit Financial Group LLC grew its stake in shares of KLA by 18.6% in the first quarter. Merit Financial Group LLC now owns 2,336 shares of the semiconductor company’s stock worth $1,588,000 after acquiring an additional 367 shares during the last quarter. RFG Advisory LLC increased its position in KLA by 371.2% during the first quarter. RFG Advisory LLC now owns 4,740 shares of the semiconductor company’s stock worth $3,222,000 after acquiring an additional 3,734 shares during the period. Whipplewood Advisors LLC raised its stake in KLA by 538.5% during the 1st quarter. Whipplewood Advisors LLC now owns 166 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 140 shares during the last quarter. Finally, Unigestion Holding SA boosted its holdings in KLA by 24.1% in the 1st quarter. Unigestion Holding SA now owns 2,687 shares of the semiconductor company’s stock valued at $1,827,000 after purchasing an additional 522 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the sale, the chief executive officer owned 92,818 shares in the company, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares of the company’s stock, valued at $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,566 shares of company stock valued at $29,313,522. 91.48% of the stock is currently owned by corporate insiders.

KLA Trading Up 4.7%

Shares of KLAC stock opened at $1,128.87 on Thursday. The company has a market capitalization of $148.65 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.23 and a beta of 1.50. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $1,134.22. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average price of $939.38 and a 200 day moving average price of $831.69.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the business posted $6.60 earnings per share. The company’s revenue was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Research analysts forecast that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a $1.90 dividend. The ex-dividend date was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.7%. KLA’s payout ratio is presently 25.01%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KLAC shares. The Goldman Sachs Group initiated coverage on shares of KLA in a report on Thursday, July 10th. They set a “neutral” rating and a $980.00 price objective on the stock. Stifel Nicolaus lifted their target price on KLA from $770.00 to $922.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. TD Cowen boosted their price target on KLA from $800.00 to $900.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Raymond James Financial reiterated an “outperform” rating and issued a $950.00 price objective (up previously from $850.00) on shares of KLA in a research report on Friday, August 1st. Finally, Rothschild & Co Redburn lifted their price objective on KLA from $800.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $939.17.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.