NewEdge Advisors LLC Has $58.09 Million Stock Holdings in KLA Corporation $KLAC

NewEdge Advisors LLC raised its position in KLA Corporation (NASDAQ:KLAC) by 871.3% during the second quarter, Holdings Channel reports. The institutional investor owned 192,552 shares of the semiconductor company’s stock after buying an additional 172,728 shares during the quarter. NewEdge Advisors LLC’s holdings in KLA were worth $58,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Monetary Management Group Inc. raised its position in shares of KLA by 0.4% during the 2nd quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock valued at $3,380,000 after acquiring an additional 15 shares during the last quarter. Tandem Wealth Advisors LLC lifted its stake in shares of KLA by 1.6% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock valued at $934,000 after purchasing an additional 16 shares during the period. WFA of San Diego LLC bought a new position in shares of KLA in the 2nd quarter worth $90,000. Captrust Financial Advisors boosted its position in shares of KLA by 13.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock worth $4,584,000 after purchasing an additional 619 shares during the last quarter. Finally, Seven Mile Advisory acquired a new stake in shares of KLA during the third quarter worth $444,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC opened at $188.98 on Wednesday. The stock has a 50 day simple moving average of $201.39 and a 200 day simple moving average of $189.49. KLA Corporation has a 52-week low of $91.02 and a 52-week high of $307.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. The firm has a market capitalization of $246.91 billion, a PE ratio of 51.54, a P/E/G ratio of 1.65 and a beta of 1.45.

KLA (NASDAQ:KLAC) last announced its 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 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 the consensus estimate of $3.61 billion. During the same period last year, the company posted $0.94 EPS. The business’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. Sell-side analysts predict that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, August 17th. This is a positive change 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%. KLA’s dividend payout ratio (DPR) is 25.07%.

Analyst Ratings Changes

KLAC has been the topic of several analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $225.00 target price on shares of KLA in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KLA in a research note on Friday, July 31st. Barclays reiterated an “overweight” rating and issued a $225.00 price target on shares of KLA in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price target (up from $170.00) on shares of KLA in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $222.22.

Insiders Place Their Bets

In related news, CFO Bren Higgins sold 27,701 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total value of $7,359,878.69. Following the completion of the transaction, the chief financial officer directly owned 263,472 shares of the company’s stock, valued at approximately $70,001,875.68. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Lorig sold 59,586 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 77,681 shares of the company’s stock, valued at approximately $16,167,746.53. This trade represents a 43.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 258,533 shares of company stock worth $55,977,470 in the last ninety days. 91.48% of the stock is owned by insiders.

KLA Profile

KLA Corporation (NASDAQ:KLAC) develops process-control and yield-management technologies used by semiconductor and other advanced-electronics manufacturers. Its systems help customers detect, measure and analyze defects and variations during the production of integrated circuits, enabling manufacturers to improve process performance, product quality and manufacturing yields.

The company’s portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect-review and analysis equipment, and software that supports process control and data management.