Andra AP fonden Has $46.14 Million Stock Holdings in KLA Corporation $KLAC

Andra AP fonden grew its holdings in KLA Corporation (NASDAQ:KLAC) by 1,097.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 152,920 shares of the semiconductor company’s stock after purchasing an additional 140,152 shares during the quarter. Andra AP fonden’s holdings in KLA were worth $46,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in KLA by 928.9% in the second quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock worth $4,471,832,000 after purchasing an additional 13,381,153 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of KLA during the second quarter worth approximately $2,522,430,000. National Pension Service boosted its holdings in KLA by 899.4% in the 2nd quarter. National Pension Service now owns 3,634,859 shares of the semiconductor company’s stock valued at $1,096,673,000 after purchasing an additional 3,271,158 shares during the period. NEOS Investment Management LLC lifted its stake in shares of KLA by 987.0% in the second quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock valued at $295,486,000 after buying an additional 889,269 shares during the period. Finally, Railway Pension Investments Ltd grew its holdings in shares of KLA by 960.4% during the 2nd quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock worth $279,580,000 after purchasing an additional 839,265 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of KLA in a research note on Wednesday, June 17th. The Goldman Sachs Group reiterated a “neutral” rating and set a $230.00 target price on shares of KLA in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price target on KLA from $200.00 to $238.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. UBS Group reduced their price target on KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Finally, Zacks Research raised KLA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $222.22.

KLA Stock Up 1.0%

Shares of KLA stock traded up $1.88 on Tuesday, reaching $185.84. 2,902,771 shares of the company were exchanged, compared to its average volume of 11,264,769. The company has a market capitalization of $242.82 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 1.57 and a beta of 1.45. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $191.06 and a 200 day moving average of $191.05. KLA Corporation has a one year low of $98.10 and a one year high of $307.37.

KLA (NASDAQ:KLAC) last issued 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 return on equity of 87.66% and a net margin of 35.57%.The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, equities research analysts forecast that KLA Corporation will post 5.42 earnings per share for the current 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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from KLA’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, August 17th. KLA’s dividend payout ratio is 25.07%.

Insider Buying and Selling at KLA

In other KLA news, CFO Bren D. Higgins sold 27,701 shares of the stock in a transaction 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 owned 263,472 shares in the company, valued at $70,001,875.68. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP MaryBeth Wilkinson sold 13,802 shares of KLA 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 $2,698,291.00. Following the completion of the sale, the executive vice president owned 22,110 shares of the company’s stock, valued at approximately $4,322,505. The trade was a 38.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 285,432 shares of company stock worth $58,369,370 in the last 90 days. Company insiders own 91.48% of the company’s stock.

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.