KLA Corporation $KLAC Shares Acquired by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC raised its stake in KLA Corporation (NASDAQ:KLAC) by 816.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,051 shares of the semiconductor company’s stock after acquiring an additional 2,718 shares during the period. Greenwich Wealth Management LLC’s holdings in KLA were worth $920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new position in shares of KLA in the 2nd quarter valued at $27,000. Atomic Invest LLC lifted its position in KLA by 781.8% in the second quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 86 shares during the last quarter. Roble Belko & Company Inc boosted its stake in KLA by 2,275.0% in the second quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 91 shares in the last quarter. Carolina Wealth Advisors LLC grew its holdings in shares of KLA by 900.0% during the second quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC grew its holdings in shares of KLA by 900.0% during the second quarter. Cherry Tree Wealth Management LLC now owns 120 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other KLA news, CAO Virendra A. Kirloskar sold 4,504 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $880,532.00. Following the sale, the chief accounting officer owned 7,972 shares in the company, valued at approximately $1,558,526. This represents a 36.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian Lorig sold 59,586 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares of the company’s stock, valued at approximately $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 285,432 shares of company stock worth $58,369,370. 79.39% of the stock is currently owned by insiders.

KLA Stock Performance

NASDAQ KLAC traded up $4.54 during trading hours on Tuesday, hitting $193.71. 3,525,519 shares of the stock were exchanged, compared to its average volume of 11,190,205. The company has a market cap of $252.80 billion, a price-to-earnings ratio of 52.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. KLA Corporation has a 12-month low of $98.10 and a 12-month high of $307.37. The stock has a 50-day moving average of $187.98 and a 200 day moving average of $192.65. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93.

KLA (NASDAQ:KLAC) last released 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company earned $0.94 earnings per share. KLA’s quarterly 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. As a group, equities research analysts forecast that KLA Corporation will post 5.41 earnings per share for the current year.

KLA Increases Dividend

The firm also recently disclosed 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 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 dividend yield of 0.5%. KLA’s dividend payout ratio is 25.07%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 price target on shares of KLA in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $230.00 price objective on shares of KLA in a report on Tuesday, July 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $253.00 target price on shares of KLA in a report on Wednesday, July 29th. Wells Fargo & Company set a $245.00 price target on shares of KLA and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $222.22.

KLA Profile

KLA Corporation (NASDAQ: KLAC) develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company’s product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.