Unio Capital LLC Has $37.04 Million Position in KLA Corporation $KLAC

Unio Capital LLC raised its stake in KLA Corporation (NASDAQ:KLAC) by 880.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,766 shares of the semiconductor company’s stock after buying an additional 110,248 shares during the quarter. KLA accounts for about 7.0% of Unio Capital LLC’s portfolio, making the stock its 7th largest position. Unio Capital LLC’s holdings in KLA were worth $37,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Allied Private Wealth LLC bought a new stake in shares of KLA in the 2nd quarter valued at about $27,000. Carolina Wealth Advisors LLC raised its position in shares of KLA by 900.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 90 shares during the period. Basepoint Wealth LLC bought a new position in KLA during the 4th quarter worth approximately $32,000. Triumph Capital Management bought a new position in KLA during the 3rd quarter worth approximately $40,000. Finally, Hilton Head Capital Partners LLC acquired a new position in KLA during the fourth quarter valued at approximately $41,000. Institutional investors own 86.65% of the company’s stock.

Insider Activity at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This trade represents a 43.41% 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, CAO Virendra A. Kirloskar sold 4,504 shares of KLA 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 $880,532.00. Following the completion of the sale, the chief accounting officer directly owned 7,972 shares in the company, valued at approximately $1,558,526. This represents a 36.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 258,533 shares of company stock valued at $55,977,470 over the last ninety days. Company insiders own 91.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KLAC. Sanford C. Bernstein reiterated an “outperform” rating and issued a $225.00 target price on shares of KLA in a report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 price objective on shares of KLA in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of KLA in a report on Friday, July 31st. Scotiabank set a $200.00 target price on KLA in a research note on Wednesday, June 10th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $230.00 price target on shares of KLA in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and an average price target of $222.22.

KLA Stock Down 2.6%

Shares of KLAC stock opened at $170.89 on Wednesday. KLA Corporation has a 12-month low of $83.22 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. The firm has a fifty day moving average of $209.84 and a 200-day moving average of $188.27. The company has a market capitalization of $223.28 billion, a price-to-earnings ratio of 46.60, a P/E/G ratio of 1.35 and a beta of 1.45.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, equities research analysts predict that KLA Corporation will post 5.42 earnings per share for the current fiscal year.

KLA Increases Dividend

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

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.