Nilsine Partners LLC Has $19.88 Million Stake in KLA Corporation $KLAC

Nilsine Partners LLC raised its stake in KLA Corporation (NASDAQ:KLAC) by 884.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,887 shares of the semiconductor company’s stock after acquiring an additional 59,194 shares during the period. KLA comprises about 1.4% of Nilsine Partners LLC’s investment portfolio, making the stock its 14th largest position. Nilsine Partners LLC’s holdings in KLA were worth $19,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of KLA by 928.9% during the second quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock valued at $4,471,832,000 after acquiring an additional 13,381,153 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of KLA in the 2nd quarter worth about $2,522,430,000. NEOS Investment Management LLC grew its holdings in shares of KLA by 987.0% in the 2nd quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock worth $295,486,000 after purchasing an additional 889,269 shares during the last quarter. Railway Pension Investments Ltd increased its position in shares of KLA by 960.4% during the 2nd quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock worth $279,580,000 after purchasing an additional 839,265 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of KLA by 978.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock worth $259,164,000 after purchasing an additional 779,317 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

KLA stock opened at $185.60 on Friday. The business’s 50-day simple moving average is $205.50 and its 200 day simple moving average is $188.63. The stock has a market cap of $242.50 billion, a price-to-earnings ratio of 50.61, a P/E/G ratio of 1.65 and a beta of 1.45. KLA Corporation has a 12-month low of $87.83 and a 12-month high of $307.37. 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 (NASDAQ:KLAC) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%.The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company earned $0.94 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, research analysts anticipate that KLA Corporation will post 5.42 earnings per share for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from KLA’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 17th. KLA’s payout ratio is presently 25.07%.

Insider Buying and Selling at KLA

In other KLA news, EVP MaryBeth Wilkinson sold 13,802 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $2,698,291.00. Following the transaction, the executive vice president directly owned 22,110 shares of the company’s stock, valued at approximately $4,322,505. This trade represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Wallace sold 87,568 shares of KLA stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total transaction of $17,421,653.60. Following the sale, the chief executive officer directly owned 778,944 shares of the company’s stock, valued at $154,970,908.80. This represents a 10.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 258,533 shares of company stock valued at $55,977,470 over the last 90 days. Company insiders own 91.48% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of recent analyst reports. Susquehanna set a $215.00 price target on shares of KLA and gave the company a “neutral” rating in a research report on Wednesday, July 29th. UBS Group dropped their price objective on shares of KLA from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Zacks Research upgraded shares of KLA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Barclays reissued an “overweight” rating and issued a $225.00 target price on shares of KLA in a report on Monday, July 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $270.00 price target on shares of KLA in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.22.

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.