Monetary Management Group Inc. Sells 25 Shares of KLA Corporation $KLAC

Monetary Management Group Inc. decreased its holdings in KLA Corporation (NASDAQ:KLAC) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,758 shares of the semiconductor company’s stock after selling 25 shares during the period. Monetary Management Group Inc.’s holdings in KLA were worth $2,555,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KLAC. Alpine Bank Wealth Management acquired a new stake in KLA during the 1st quarter valued at $35,000. Olde Wealth Management LLC acquired a new position in shares of KLA in the first quarter valued at $36,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of KLA in the first quarter valued at about $37,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of KLA during the 1st quarter worth about $45,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of KLA by 527.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company’s stock worth $47,000 after buying an additional 58 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KLA

In related news, CEO Richard P. Wallace sold 10,801 shares of the company’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 transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. This represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $891.50, for a total transaction of $34,768.50. Following the completion of the sale, the chief accounting officer owned 2,616 shares in the company, valued at $2,332,164. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,889 shares of company stock valued at $17,257,637. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KLAC shares. The Goldman Sachs Group began coverage on shares of KLA in a report on Thursday, July 10th. They issued a “neutral” rating and a $980.00 price target on the stock. Oppenheimer upped their target price on KLA from $740.00 to $950.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. TD Cowen increased their target price on KLA from $800.00 to $900.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Raymond James Financial restated an “outperform” rating and issued a $950.00 price target (up from $850.00) on shares of KLA in a research note on Friday, August 1st. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $920.00 target price (up previously from $870.00) on shares of KLA in a research report on Tuesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $890.59.

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $872.39 on Friday. The company’s 50 day simple moving average is $904.07 and its 200 day simple moving average is $784.53. The stock has a market capitalization of $115.12 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 2.99 and a beta of 1.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $959.26.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company earned $6.60 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, research analysts predict that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA declared that its board has approved a stock repurchase plan on Wednesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 18th. KLA’s dividend payout ratio (DPR) is presently 25.01%.

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.