IFP Advisors Inc Sells 135 Shares of KLA Corporation $KLAC

IFP Advisors Inc lowered its stake in shares of KLA Corporation (NASDAQ:KLAC) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,371 shares of the semiconductor company’s stock after selling 135 shares during the period. IFP Advisors Inc’s holdings in KLA were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Duncan Williams Asset Management LLC acquired a new stake in shares of KLA during the second quarter worth about $223,000. Knights of Columbus Asset Advisors LLC raised its position in shares of KLA by 1.9% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 3,050 shares of the semiconductor company’s stock worth $2,732,000 after purchasing an additional 58 shares during the period. Kickstand Ventures LLC. acquired a new stake in shares of KLA during the second quarter worth about $223,000. Boston Common Asset Management LLC acquired a new stake in shares of KLA during the second quarter worth about $9,445,000. Finally, Tilia Fiduciary Partners Inc. raised its position in shares of KLA by 3.6% during the second quarter. Tilia Fiduciary Partners Inc. now owns 3,424 shares of the semiconductor company’s stock worth $3,067,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 6.7%

NASDAQ:KLAC opened at $982.75 on Friday. The firm has a market capitalization of $129.41 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.50. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,155.00. The stock’s 50 day moving average price is $963.94 and its two-hundred day moving average price is $850.23. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25.

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 the consensus estimate of $8.53 by $0.85. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities research analysts expect that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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

Insiders Place Their Bets

In other KLA news, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 11,479 shares of the company’s stock, valued at $10,488,132.72. The trade was a 41.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction that occurred on Friday, August 29th. The stock was 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 $24,128,418. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,566 shares of company stock valued at $29,313,522 in the last 90 days. 91.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of research analyst reports. Wall Street Zen lowered KLA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. The Goldman Sachs Group raised their price target on KLA from $980.00 to $1,120.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup boosted their target price on KLA from $1,035.00 to $1,060.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their target price on KLA from $920.00 to $1,115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. boosted their target price on KLA from $900.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, KLA has a consensus rating of “Hold” and a consensus price target of $973.16.

About KLA

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.