KLA Corporation $KLAC Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in shares of KLA Corporation (NASDAQ:KLAC) by 947.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,725 shares of the semiconductor company’s stock after purchasing an additional 27,792 shares during the period. Concurrent Investment Advisors LLC’s holdings in KLA were worth $9,270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new stake in shares of KLA in the 4th quarter valued at approximately $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of KLA during the 4th quarter worth approximately $41,000. Triumph Capital Management purchased a new stake in shares of KLA during the 3rd quarter valued at approximately $40,000. Nemes Rush Group LLC lifted its holdings in KLA by 17.1% in the fourth quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 7 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in KLA by 36.4% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Scotiabank set a $200.00 target price on KLA in a research note on Wednesday, June 10th. Citigroup reaffirmed a “buy” rating on shares of KLA in a research note on Wednesday, June 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of KLA in a report on Friday, July 31st. TD Cowen reissued 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. Finally, Rothschild & Co Redburn boosted their price objective on shares of KLA from $140.00 to $186.50 and gave the company a “neutral” rating in a report on Tuesday, May 12th. One 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $222.22.

Insider Buying and Selling

In other news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction dated Thursday, August 13th. The shares were 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 of the company’s stock, valued at approximately $16,167,746.53. This represents a 43.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Virendra Kirloskar sold 4,504 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the completion of the transaction, the chief accounting officer directly owned 7,972 shares of the company’s stock, valued at approximately $1,558,526. The trade was a 36.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 258,533 shares of company stock worth $55,977,470 over the last 90 days. 91.48% of the stock is owned by insiders.

KLA Stock Up 7.3%

Shares of NASDAQ KLAC opened at $185.60 on Friday. 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 business’s 50 day moving average is $205.50 and its two-hundred day moving average is $188.63. KLA Corporation has a 52-week low of $87.83 and a 52-week high of $307.37. The firm has a market cap of $242.50 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 1.65 and a beta of 1.45.

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

KLA Increases Dividend

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

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.