RFG Advisory LLC Has $3.18 Million Stock Holdings in KLA Corporation $KLAC

RFG Advisory LLC lifted its stake in shares of KLA Corporation (NASDAQ:KLAC) by 396.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,526 shares of the semiconductor company’s stock after buying an additional 8,406 shares during the period. RFG Advisory LLC’s holdings in KLA were worth $3,176,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. California State Teachers Retirement System increased its position in KLA by 298,176.3% in the 2nd quarter. California State Teachers Retirement System now owns 599,111,883 shares of the semiconductor company’s stock valued at $180,758,046,000 after buying an additional 598,911,025 shares in the last quarter. Wellington Management Group LLP raised its position 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 worth $4,471,832,000 after purchasing an additional 13,381,153 shares during the period. Bank of New York Mellon Corp bought a new position in shares of KLA in the 2nd quarter worth $2,522,430,000. NEOS Investment Management LLC grew its position in KLA by 987.0% in the 2nd quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock valued at $295,486,000 after purchasing an additional 889,269 shares during the period. Finally, Railway Pension Investments Ltd grew its holdings in shares of KLA by 960.4% during the second quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock valued at $279,580,000 after buying an additional 839,265 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insiders Place Their Bets

In related news, EVP MaryBeth Wilkinson sold 13,802 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $2,698,291.00. Following the sale, the executive vice president owned 22,110 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Brian Lorig sold 59,586 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $208.13, for a total value of $12,401,634.18. Following the transaction, the executive vice president owned 77,681 shares of the company’s stock, valued at approximately $16,167,746.53. The trade was a 43.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 213,413 shares of company stock worth $45,990,744. Company insiders own 91.48% of the company’s stock.

Analyst Ratings Changes

KLAC has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of KLA in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $225.00 price target on shares of KLA in a research report on Wednesday, July 29th. Bank of America lifted their price objective on shares of KLA from $210.00 to $317.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. Finally, Scotiabank set a $200.00 price target on shares of KLA in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $222.22.

KLA Trading Down 3.2%

NASDAQ:KLAC opened at $182.91 on Thursday. The company has a market cap of $238.98 billion, a P/E ratio of 49.88, a P/E/G ratio of 1.68 and a beta of 1.45. The stock’s fifty day moving average price is $199.72 and its two-hundred day moving average price is $189.74. KLA Corporation has a 1 year low of $91.49 and a 1 year high of $307.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03.

KLA (NASDAQ:KLAC) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%.The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, analysts expect that KLA Corporation will post 5.42 EPS for the current year.

KLA Increases Dividend

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

KLA Company Profile

KLA Corporation (NASDAQ:KLAC) develops process-control and yield-management technologies used by semiconductor and other advanced-electronics manufacturers. Its systems help customers detect, measure and analyze defects and variations during the production of integrated circuits, enabling manufacturers to improve process performance, product quality and manufacturing yields.

The company’s portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect-review and analysis equipment, and software that supports process control and data management.