KLA Corporation $KLAC Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its position in shares of KLA Corporation (NASDAQ:KLAC) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,580 shares of the semiconductor company’s stock after selling 1,089 shares during the period. KLA makes up about 1.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 25th largest position. Norris Perne & French LLP MI’s holdings in KLA were worth $21,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Amundi grew its holdings in KLA by 18.0% during the 1st quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock valued at $1,026,983,000 after purchasing an additional 251,339 shares in the last quarter. Winslow Capital Management LLC purchased a new position in KLA in the 2nd quarter valued at about $95,217,000. Loomis Sayles & Co. L P boosted its position in KLA by 5,697.9% in the 2nd quarter. Loomis Sayles & Co. L P now owns 97,231 shares of the semiconductor company’s stock valued at $87,094,000 after buying an additional 95,554 shares during the last quarter. Clark Capital Management Group Inc. grew its stake in shares of KLA by 13,486.9% during the first quarter. Clark Capital Management Group Inc. now owns 56,114 shares of the semiconductor company’s stock valued at $38,146,000 after acquiring an additional 55,701 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of KLA by 14.9% during the first quarter. Alliancebernstein L.P. now owns 381,461 shares of the semiconductor company’s stock worth $259,317,000 after acquiring an additional 49,390 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KLA

In related news, CEO Richard P. Wallace sold 10,803 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $1,203.10, for a total transaction of $12,997,089.30. Following the sale, the chief executive officer owned 81,211 shares in the company, valued at $97,704,954.10. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 2,254 shares of KLA stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $1,237.01, for a total value of $2,788,220.54. Following the completion of the transaction, the chief financial officer owned 32,154 shares of the company’s stock, valued at approximately $39,774,819.54. The trade was a 6.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 91.48% of the stock is owned by corporate insiders.

KLA Price Performance

Shares of NASDAQ KLAC opened at $1,279.60 on Monday. The company has a current ratio of 2.69, a quick ratio of 1.88 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $168.13 billion, a price-to-earnings ratio of 40.18, a price-to-earnings-growth ratio of 3.41 and a beta of 1.44. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,286.81. The business has a 50 day simple moving average of $1,194.89 and a 200-day simple moving average of $1,033.19.

KLA (NASDAQ:KLAC) last announced 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. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.17 billion. KLA had a return on equity of 107.26% and a net margin of 33.83%.The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $7.33 earnings per share. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. As a group, equities research analysts expect that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a $1.90 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $7.60 annualized dividend and a dividend yield of 0.6%. KLA’s payout ratio is 23.86%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KLAC. Morgan Stanley increased their price target on KLA from $1,154.00 to $1,214.00 and gave the company an “equal weight” rating in a report on Tuesday, December 2nd. Evercore ISI upped their target price on KLA from $1,000.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Bank of America increased 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. Berenberg Bank raised their price target on shares of KLA from $1,010.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, TD Cowen upped their price target on shares of KLA from $900.00 to $1,300.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Thirteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,275.54.

About KLA

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.