Teamwork Financial Advisors LLC Purchases 60,063 Shares of KLA Corporation $KLAC

Teamwork Financial Advisors LLC lifted its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 698.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,668 shares of the semiconductor company’s stock after buying an additional 60,063 shares during the quarter. KLA comprises 1.9% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Teamwork Financial Advisors LLC’s holdings in KLA were worth $20,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Formuepleje A S boosted its stake in KLA by 1,125.5% in the 2nd quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company’s stock worth $9,070,000 after purchasing an additional 27,609 shares during the period. TOWER TRUST & INVESTMENT Co increased its position in shares of KLA by 829.7% during the second quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock valued at $2,249,000 after buying an additional 6,654 shares during the period. Abacus FCF Advisors LLC purchased a new stake in shares of KLA in the second quarter worth about $20,763,000. Bank of New York Mellon Corp purchased a new stake in shares of KLA in the second quarter worth about $2,522,430,000. Finally, Handelsbanken Fonder AB boosted its position in shares of KLA by 978.2% in the second quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock valued at $259,164,000 after acquiring an additional 779,317 shares during the period. 86.65% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Bren D. Higgins sold 27,701 shares of the stock in a transaction on Thursday, July 2nd. The shares were 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 of the company’s stock, valued at approximately $70,001,875.68. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Wallace sold 87,568 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total transaction of $17,421,653.60. Following the completion of the sale, the chief executive officer directly owned 778,944 shares of the company’s stock, valued at $154,970,908.80. This represents a 10.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 258,533 shares of company stock valued at $55,977,470. Insiders own 91.48% of the company’s stock.

KLA Trading Up 1.8%

NASDAQ KLAC opened at $188.98 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. The stock’s 50-day simple moving average is $201.39 and its two-hundred day simple moving average is $189.49. KLA Corporation has a twelve month low of $91.02 and a twelve month high of $307.37. The company has a market capitalization of $246.91 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 1.65 and a beta of 1.45.

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

KLA Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, August 17th. This is an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. KLA’s dividend payout ratio (DPR) is 25.07%.

Analyst Ratings Changes

KLAC has been the subject of several recent analyst reports. Barclays reaffirmed an “overweight” rating and set a $225.00 price objective on shares of KLA in a research note on Monday, July 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price target on shares of KLA in a report on Wednesday, July 29th. Susquehanna set a $215.00 target price on KLA and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research raised KLA from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Citigroup reissued a “buy” rating on shares of KLA in a report on Wednesday, June 17th. One investment 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 company. Based on data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $222.22.

KLA Company 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.