KLA Corporation $KLAC Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lowered its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,618 shares of the semiconductor company’s stock after selling 4,290 shares during the quarter. KLA accounts for 2.9% of Eagle Rock Investment Company LLC’s portfolio, making the stock its 9th biggest holding. Eagle Rock Investment Company LLC’s holdings in KLA were worth $24,682,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KLAC. Wellington Management Group LLP increased its stake 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 during the period. Bank of New York Mellon Corp purchased a new stake in shares of KLA during the second quarter valued at $2,522,430,000. Assenagon Asset Management S.A. boosted its stake in shares of KLA by 239.3% during the third quarter. Assenagon Asset Management S.A. now owns 5,614,990 shares of the semiconductor company’s stock valued at $1,094,530,000 after purchasing an additional 3,959,927 shares during the period. National Pension Service grew its holdings in shares of KLA by 899.4% in the second quarter. National Pension Service now owns 3,634,859 shares of the semiconductor company’s stock worth $1,096,673,000 after purchasing an additional 3,271,158 shares during the last quarter. Finally, NEOS Investment Management LLC grew its holdings 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 worth $295,486,000 after purchasing an additional 889,269 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent analyst reports. Susquehanna set a $215.00 price target on shares of KLA and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of KLA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 16th. Wells Fargo & Company set a $245.00 price target on shares of KLA and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $225.00 price target on shares of KLA in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of KLA in a report on Wednesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.26.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 72,019 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the transaction, the chief executive officer directly owned 706,925 shares in the company, valued at approximately $121,506,269. This trade represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP MaryBeth Wilkinson sold 13,802 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 transaction of $2,698,291.00. Following the transaction, the executive vice president owned 22,110 shares in the company, valued at approximately $4,322,505. This represents a 38.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 243,339 shares of company stock worth $46,903,454. 79.39% of the stock is owned by company insiders.

KLA Stock Performance

Shares of KLA stock opened at $163.43 on Thursday. 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 stock’s fifty day moving average price is $184.46 and its 200-day moving average price is $197.34. The firm has a market cap of $213.28 billion, a P/E ratio of 44.57, a P/E/G ratio of 1.43 and a beta of 1.45. KLA Corporation has a 12 month low of $107.20 and a 12 month high of $307.37.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. KLA had a net margin of 35.57% and a return on equity of 87.66%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. 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 expect that KLA Corporation will post 5.43 earnings per share for the current fiscal 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 is a positive change from KLA’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. KLA’s payout ratio is 25.07%.

KLA Profile

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.