Cohen Capital Management Inc. Purchases 15,795 Shares of KLA Corporation $KLAC

Cohen Capital Management Inc. lifted its position in shares of KLA Corporation (NASDAQ:KLAC) by 900.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,550 shares of the semiconductor company’s stock after purchasing an additional 15,795 shares during the quarter. Cohen Capital Management Inc.’s holdings in KLA were worth $5,295,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of KLA by 959.0% in the 2nd quarter. GAMMA Investing LLC now owns 37,363 shares of the semiconductor company’s stock worth $11,273,000 after acquiring an additional 33,835 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of KLA by 966.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 14,770 shares of the semiconductor company’s stock valued at $4,456,000 after purchasing an additional 13,385 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in KLA during the second quarter worth approximately $1,639,000. Arlington Trust Co LLC increased its holdings in KLA by 900.0% in the second quarter. Arlington Trust Co LLC now owns 300 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 270 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in KLA by 839.9% in the second quarter. CoreCap Advisors LLC now owns 25,940 shares of the semiconductor company’s stock worth $7,826,000 after purchasing an additional 23,180 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $260.00 price objective (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price (up from $170.00) on shares of KLA in a research note 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 report on Wednesday, July 29th. Barclays reaffirmed an “overweight” rating and issued a $225.00 price target on shares of KLA in a research note on Monday, July 20th. Finally, Stifel Nicolaus set a $250.00 price objective on shares of KLA and gave the company a “buy” rating in a report on Wednesday, July 29th. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $223.70.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 45,120 shares of KLA stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $221.34, for a total transaction of $9,986,725.44. Following the completion of the transaction, the chief executive officer directly owned 713,830 shares in the company, valued at $157,996,990.71. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mary Beth Wilkinson sold 14,392 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $285.30, for a total transaction of $4,106,037.60. Following the sale, the executive vice president directly owned 53,367 shares of the company’s stock, valued at approximately $15,225,605.10. The trade was a 21.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 156,499 shares of company stock valued at $34,248,710 over the last ninety days. 91.48% of the stock is currently owned by corporate insiders.

KLA News Roundup

Here are the key news stories impacting KLA this week:

• Positive Sentiment: KLA’s board declared a regular quarterly cash dividend of $0.23 per share, payable in September. The dividend reinforces shareholder returns and signals continued confidence in the company’s cash generation. KLA Declares Regular Cash Dividend
• Positive Sentiment: KLA recently exceeded quarterly expectations, reporting $1.05 in EPS versus the $1.00 consensus and revenue of $3.66 billion, up 15.2% year over year. Guidance for the next quarter of $1.06 to $1.26 per share supports the growth outlook.
• Positive Sentiment: A broader semiconductor rally driven by artificial-intelligence optimism, strong memory demand and expectations for chip-industry earnings is favorable for KLA’s wafer-inspection and process-control equipment demand. Semiconductor Rally Powers S&P 500 to Fresh Record High
• Neutral Sentiment: Analyst sentiment remains favorable, with a reported “Moderate Buy” consensus and several price targets above recent levels. However, KLA trades at a price-to-earnings ratio above 50, making the shares sensitive to any slowdown in semiconductor capital spending. KLA Stock Looks Fully Valued After Its Huge Run
• Negative Sentiment: Chief Accounting Officer Virendra Kirloskar sold 4,504 shares for approximately $881,000, while EVP Mary Beth Wilkinson sold 13,802 shares worth about $2.70 million. The sales reduced their holdings by roughly 36% and 38%, respectively, adding to a pattern of insider selling, although some transactions were related to equity-award tax obligations.
• Negative Sentiment: DekaBank Deutsche Girozentrale reported cutting its KLA position by approximately 2.86 million shares, or 90%, as of June 30. Because the disclosure is delayed, it is not necessarily a current trading signal, but it may reinforce concerns about institutional profit-taking and KLA’s elevated valuation.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $193.22 on Friday. 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 Corporation has a twelve month low of $83.22 and a twelve month high of $307.37. The stock’s 50 day moving average is $223.51 and its 200-day moving average is $182.95. The firm has a market capitalization of $252.40 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 1.48 and a beta of 1.45.

KLA (NASDAQ:KLAC) last issued its earnings results 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 company had revenue of $3.66 billion for 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%.KLA’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts forecast that KLA Corporation will post 5.42 EPS for the current fiscal year.

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.