KLA Corporation $KLAC Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC trimmed its position in KLA Corporation (NASDAQ:KLAC) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 52,055 shares of the semiconductor company’s stock after selling 660 shares during the quarter. Crestwood Advisors Group LLC’s holdings in KLA were worth $46,628,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of KLA by 4,100.0% in the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. Ulland Investment Advisors LLC acquired a new position in KLA in the second quarter worth $32,000. Saudi Central Bank acquired a new position in KLA in the first quarter worth $36,000. Sentry Investment Management LLC acquired a new position in KLA in the second quarter worth $36,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in KLA in the first quarter worth $37,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KLAC shares. Rothschild & Co Redburn lifted their price target on shares of KLA from $1,100.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Raymond James Financial restated an “outperform” rating and issued a $950.00 target price (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Bank of America lifted their target price on KLA from $1,000.00 to $1,300.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Citigroup boosted their price objective on KLA from $1,060.00 to $1,450.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, TD Cowen boosted their price objective on KLA from $900.00 to $1,300.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,237.16.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $1,193.49 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The stock has a 50 day simple moving average of $1,050.02 and a 200-day simple moving average of $912.76. The company has a market cap of $157.16 billion, a PE ratio of 37.47, a P/E/G ratio of 3.56 and a beta of 1.50. KLA Corporation has a 12-month low of $551.33 and a 12-month high of $1,284.47.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.47 by $0.34. KLA had a return on equity of 113.10% and a net margin of 33.83%.The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm posted $7.33 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. On average, equities research analysts forecast that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.6%. KLA’s dividend payout ratio is presently 23.86%.

Insider Buying and Selling

In other news, insider Ahmad A. Khan sold 13,716 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $881.50, for a total value 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 approximately $24,128,418. This represents a 33.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard P. Wallace sold 10,801 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,566 shares of company stock valued at $29,313,522 over the last 90 days. 91.48% of the stock is currently owned by company insiders.

About KLA

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.