Norway Savings Bank Sells 25 Shares of KLA Corporation $KLAC

Norway Savings Bank cut its stake in KLA Corporation (NASDAQ:KLAC) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,962 shares of the semiconductor company’s stock after selling 25 shares during the quarter. Norway Savings Bank’s holdings in KLA were worth $1,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management grew its stake in shares of KLA by 4,100.0% in the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of KLA in the first quarter worth approximately $35,000. Olde Wealth Management LLC bought a new stake in shares of KLA in the first quarter worth approximately $36,000. Saudi Central Bank bought a new stake in shares of KLA in the first quarter worth approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of KLA in the first quarter worth approximately $37,000. 86.65% of the stock is currently owned by institutional investors.

Insider Activity at KLA

In other news, insider Ahmad A. Khan sold 13,716 shares of the business’s stock in a transaction 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 transaction, the insider owned 27,372 shares of the company’s stock, valued at approximately $24,128,418. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. This trade represents a 41.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock worth $29,348,291 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

KLA Stock Performance

KLAC opened at $964.02 on Friday. The firm has a market cap of $127.21 billion, a P/E ratio of 31.72, a PEG ratio of 3.27 and a beta of 1.48. KLA Corporation has a 1-year low of $551.33 and a 1-year high of $968.09. The company has a 50 day simple moving average of $905.95 and a two-hundred day simple moving average of $800.01. 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 (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping analysts’ consensus estimates of $8.53 by $0.85. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities analysts forecast that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 18th. KLA’s dividend payout ratio is presently 25.01%.

Analysts Set New Price Targets

KLAC has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of KLA in a research note on Thursday, July 10th. They issued a “neutral” rating and a $980.00 price target for the company. Wall Street Zen lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Cantor Fitzgerald restated an “overweight” rating on shares of KLA in a research report on Tuesday, June 24th. UBS Group boosted their target price on shares of KLA from $775.00 to $960.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Finally, Barclays boosted their target price on shares of KLA from $590.00 to $750.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $890.59.

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.