Rep. Michael A. Rulli Acquires Shares of KLA Corporation (NASDAQ:KLAC)

Representative Michael A. Rulli (Republican-Ohio) recently bought shares of KLA Corporation (NASDAQ:KLAC). In a filing disclosed on August 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in KLA stock on July 1st. The trade occurred in the Representative’s “MERRILL LYNCH MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 6/25/2026.

KLA Stock Down 2.7%

Shares of NASDAQ KLAC opened at $192.74 on Tuesday. The company has a market cap of $251.77 billion, a price-to-earnings ratio of 52.56, a PEG ratio of 1.52 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. KLA Corporation has a 12 month low of $83.22 and a 12 month high of $307.37. The stock has a 50-day moving average price of $223.60 and a two-hundred day moving average price of $183.55.

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

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. This is a positive change from KLA’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, August 17th. KLA’s payout ratio is 25.07%.

Hedge Funds Weigh In On KLA

Several institutional investors have recently bought and sold shares of the company. TOWER TRUST & INVESTMENT Co increased its holdings in KLA by 829.7% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock valued at $2,249,000 after acquiring an additional 6,654 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of KLA by 86.6% during the fourth quarter. Farther Finance Advisors LLC now owns 4,063 shares of the semiconductor company’s stock valued at $4,937,000 after purchasing an additional 1,886 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of KLA by 1,126.5% in the second quarter. Valeo Financial Advisors LLC now owns 6,157 shares of the semiconductor company’s stock worth $1,851,000 after purchasing an additional 5,655 shares during the last quarter. Norway Savings Bank lifted its position in shares of KLA by 838.3% in the second quarter. Norway Savings Bank now owns 15,210 shares of the semiconductor company’s stock worth $4,589,000 after buying an additional 13,589 shares in the last quarter. Finally, Cornerstone Investment Partners LLC lifted its position in shares of KLA by 0.4% in the fourth quarter. Cornerstone Investment Partners LLC now owns 96,846 shares of the semiconductor company’s stock worth $117,676,000 after buying an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the subject of several recent research reports. Bank of America boosted 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. Rothschild & Co Redburn lifted their price target on shares of KLA from $140.00 to $186.50 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Citic Securities boosted their price target on shares of KLA from $135.00 to $197.00 in a research note on Wednesday, May 6th. Barclays restated an “overweight” rating and set a $225.00 price target on shares of KLA in a research note on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective (up from $170.00) on shares of KLA in a research note on Wednesday, July 29th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $223.70.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 45,120 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $221.34, for a total transaction of $9,986,725.44. Following the sale, the chief executive officer directly owned 713,830 shares of the company’s stock, valued at $157,996,990.71. This represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Beth Wilkinson sold 14,392 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $285.30, for a total value of $4,106,037.60. Following the transaction, the executive vice president owned 53,367 shares of the company’s stock, valued at $15,225,605.10. This represents a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 111,379 shares of company stock valued at $26,154,182 in the last ninety days. Corporate insiders own 91.48% of the company’s stock.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.