Syon Capital LLC Purchases 19,853 Shares of KLA Corporation $KLAC

Syon Capital LLC increased its position in KLA Corporation (NASDAQ:KLAC) by 916.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,019 shares of the semiconductor company’s stock after buying an additional 19,853 shares during the quarter. Syon Capital LLC’s holdings in KLA were worth $6,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in KLAC. Monetary Management Group Inc. lifted its holdings in shares of KLA by 0.4% during the second quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock worth $3,380,000 after purchasing an additional 15 shares during the period. Tandem Wealth Advisors LLC raised its position in KLA by 1.6% during the 2nd quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock worth $934,000 after purchasing an additional 16 shares during the last quarter. WFA of San Diego LLC acquired a new position in KLA during the 2nd quarter worth about $90,000. Captrust Financial Advisors lifted its holdings in KLA by 13.8% during the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock worth $4,584,000 after buying an additional 619 shares during the period. Finally, Seven Mile Advisory bought a new stake in shares of KLA in the 3rd quarter valued at about $444,000. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

Shares of NASDAQ KLAC opened at $172.94 on Friday. The firm has a market capitalization of $225.95 billion, a P/E ratio of 47.16, a P/E/G ratio of 1.53 and a beta of 1.45. The firm’s 50-day moving average price is $206.78 and its 200-day moving average price is $188.65. 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 1-year low of $83.90 and a 1-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, beating 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Equities research analysts anticipate 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 was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.23 per share. This is a positive change from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. KLA’s dividend payout ratio is presently 25.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KLAC shares. Zacks Research upgraded KLA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Oppenheimer reissued 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. Sanford C. Bernstein restated an “outperform” rating and set a $225.00 price target on shares of KLA in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus set a $250.00 price objective on shares of KLA and gave the company a “buy” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $222.22.

Insider Activity

In other news, EVP MaryBeth Wilkinson sold 13,802 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the transaction, the executive vice president directly owned 22,110 shares of the company’s stock, valued at $4,322,505. This represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bren 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 value of $7,359,878.69. Following the completion of the transaction, the chief financial officer owned 263,472 shares in the company, valued at approximately $70,001,875.68. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 258,533 shares of company stock valued at $55,977,470. Corporate insiders own 91.48% of the company’s stock.

KLA 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.