SVB Wealth LLC Has $1.15 Million Holdings in KLA Corporation $KLAC

SVB Wealth LLC grew its position in shares of KLA Corporation (NASDAQ:KLAC) by 890.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,812 shares of the semiconductor company’s stock after buying an additional 3,427 shares during the quarter. SVB Wealth LLC’s holdings in KLA were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KLAC. California State Teachers Retirement System boosted its holdings in shares of KLA by 298,176.3% in the 2nd quarter. California State Teachers Retirement System now owns 599,111,883 shares of the semiconductor company’s stock worth $180,758,046,000 after acquiring an additional 598,911,025 shares in the last quarter. Wellington Management Group LLP grew its position in KLA by 928.9% during the 2nd quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock worth $4,471,832,000 after acquiring an additional 13,381,153 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in KLA during the 2nd quarter valued at $2,522,430,000. NEOS Investment Management LLC increased its holdings in KLA by 987.0% during the 2nd quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock valued at $295,486,000 after purchasing an additional 889,269 shares in the last quarter. Finally, Railway Pension Investments Ltd raised its position in KLA by 960.4% in the 2nd quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock valued at $279,580,000 after purchasing an additional 839,265 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Down 3.2%

Shares of KLAC opened at $182.91 on Thursday. The stock’s fifty day simple moving average is $199.72 and its 200-day simple moving average is $189.74. The firm has a market capitalization of $238.98 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45. KLA Corporation has a 12-month low of $91.49 and a 12-month high of $307.37. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93.

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

KLA Increases Dividend

The firm 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 represents a $0.92 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. This is a positive change from KLA’s previous quarterly dividend of $0.23. KLA’s dividend payout ratio is presently 25.07%.

Analysts Set New Price Targets

KLAC has been the topic of several research analyst reports. Susquehanna set a $215.00 target price on KLA and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Needham & Company LLC reiterated a “buy” rating and set a $270.00 price target on shares of KLA in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price objective (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Zacks Research upgraded shares of KLA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $260.00 target price (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. One research 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 company’s stock. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $222.22.

Insiders Place Their Bets

In related news, CAO Virendra A. Kirloskar sold 4,504 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the sale, the chief accounting officer directly owned 7,972 shares in the company, valued at $1,558,526. This trade represents a 36.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bren Higgins sold 27,701 shares of KLA stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $265.69, for a total transaction of $7,359,878.69. Following the transaction, the chief financial officer directly owned 263,472 shares in the company, valued at $70,001,875.68. The trade was a 9.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 213,413 shares of company stock valued at $45,990,744 in the last ninety days. 91.48% of the stock is currently 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.