Corient Private Wealth LP Buys 285,355 Shares of KLA Corporation $KLAC

Corient Private Wealth LP raised its position in shares of KLA Corporation (NASDAQ:KLAC) by 696.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 326,349 shares of the semiconductor company’s stock after purchasing an additional 285,355 shares during the quarter. Corient Private Wealth LP’s holdings in KLA were worth $98,463,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Allied Private Wealth LLC purchased a new stake in shares of KLA during the second quarter worth about $27,000. Carolina Wealth Advisors LLC increased its position in shares of KLA by 900.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of KLA during the fourth quarter valued at approximately $32,000. Triumph Capital Management purchased a new stake in shares of KLA during the third quarter valued at $40,000. Finally, Hilton Head Capital Partners LLC bought a new position in KLA in the 4th quarter worth about $41,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Performance

KLAC opened at $180.64 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The stock’s 50 day simple moving average is $197.46 and its 200 day simple moving average is $189.87. KLA Corporation has a 1-year low of $95.50 and a 1-year high of $307.37. The stock has a market cap of $236.02 billion, a P/E ratio of 49.26, a P/E/G ratio of 1.57 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, beating analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.KLA’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, equities analysts anticipate that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

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

Insider Buying and Selling

In other KLA news, EVP Brian Lorig sold 59,586 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the transaction, the executive vice president owned 77,681 shares in the company, valued at $16,167,746.53. The trade was a 43.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 4,504 shares of the firm’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 213,413 shares of company stock valued at $45,990,744. 91.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KLAC. Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 price target on shares of KLA in a report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and issued a $253.00 price target on shares of KLA in a report on Wednesday, July 29th. Scotiabank set a $200.00 price objective on shares of KLA in a research note on Wednesday, June 10th. Bank of America upped their price objective on KLA from $210.00 to $317.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $195.00 target price (down from $220.00) on shares of KLA in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $222.22.

KLA Company 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.