Cullinan Associates Inc. Decreases Stake in KLA Corporation $KLAC

Cullinan Associates Inc. lessened its position in shares of KLA Corporation (NASDAQ:KLAC) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,761 shares of the semiconductor company’s stock after selling 291 shares during the period. Cullinan Associates Inc.’s holdings in KLA were worth $8,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KLAC. Vanguard Group Inc. grew its position in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company’s stock valued at $9,221,230,000 after buying an additional 80,154 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in KLA by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company’s stock valued at $1,259,543,000 after acquiring an additional 404,634 shares during the last quarter. Amundi lifted its position in KLA by 18.0% in the first quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after acquiring an additional 251,339 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in KLA by 9.0% in the first quarter. Pictet Asset Management Holding SA now owns 1,586,781 shares of the semiconductor company’s stock valued at $1,078,526,000 after acquiring an additional 131,620 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of KLA by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 890,607 shares of the semiconductor company’s stock worth $605,435,000 after purchasing an additional 33,551 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KLA

In other KLA news, CEO Richard P. Wallace sold 10,801 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the sale, the insider directly owned 27,372 shares of the company’s stock, valued at $24,128,418. The trade was a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,566 shares of company stock valued at $29,313,522 over the last ninety days. Corporate insiders own 91.48% of the company’s stock.

KLA Stock Performance

NASDAQ:KLAC opened at $1,101.55 on Monday. The company has a market cap of $145.06 billion, a P/E ratio of 36.25, a P/E/G ratio of 3.30 and a beta of 1.50. The firm’s 50 day moving average is $948.08 and its two-hundred day moving average is $838.96. KLA Corporation has a fifty-two week low of $551.33 and a fifty-two week high of $1,155.00. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating analysts’ consensus estimates of $8.53 by $0.85. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Analysts expect that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $1.90 dividend. The ex-dividend date was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.7%. KLA’s dividend payout ratio (DPR) is presently 25.01%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on KLA from $930.00 to $1,070.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Stifel Nicolaus increased their target price on KLA from $770.00 to $922.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Morgan Stanley set a $1,093.00 price target on KLA and gave the stock an “equal weight” rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KLA in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their target price on KLA from $900.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $950.00.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.