KLA Corporation $KLAC Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in KLA Corporation (NASDAQ:KLAC) by 17.1% in the second quarter, Holdings Channel reports. The fund owned 60,590 shares of the semiconductor company’s stock after selling 12,467 shares during the period. Russell Investments Group Ltd.’s holdings in KLA were worth $54,226,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. MAI Capital Management lifted its position in shares of KLA by 1.0% during the 1st quarter. MAI Capital Management now owns 1,365 shares of the semiconductor company’s stock worth $928,000 after purchasing an additional 14 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in KLA by 1.2% in the first quarter. Meiji Yasuda Life Insurance Co now owns 1,212 shares of the semiconductor company’s stock valued at $824,000 after buying an additional 14 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its holdings in KLA by 1.4% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 1,132 shares of the semiconductor company’s stock worth $1,014,000 after buying an additional 16 shares during the last quarter. Eley Financial Management Inc lifted its holdings in KLA by 0.8% during the 2nd quarter. Eley Financial Management Inc now owns 2,004 shares of the semiconductor company’s stock worth $1,795,000 after buying an additional 16 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of KLA by 28.1% during the 1st quarter. Meeder Asset Management Inc. now owns 82 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 18 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Up 1.2%

Shares of KLA stock opened at $1,159.07 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $152.29 billion, a P/E ratio of 36.39, a PEG ratio of 3.56 and a beta of 1.52. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $1,284.47. The company’s fifty day moving average is $1,131.24 and its two-hundred day moving average is $966.23.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 EPS for the quarter, beating analysts’ consensus estimates of $8.47 by $0.34. KLA had a net margin of 33.83% and a return on equity of 113.10%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $7.33 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. Analysts forecast that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 17th. KLA’s dividend payout ratio (DPR) is presently 23.86%.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 10,803 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $1,203.10, for a total value of $12,997,089.30. Following the transaction, the chief executive officer owned 81,211 shares of the company’s stock, valued at approximately $97,704,954.10. The trade was a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 91.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KLAC. Wells Fargo & Company boosted their target price on KLA from $1,115.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Susquehanna raised their price objective on shares of KLA from $745.00 to $1,125.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Morgan Stanley set a $1,154.00 price objective on shares of KLA in a research report on Thursday, October 30th. Argus set a $1,400.00 target price on shares of KLA in a research report on Friday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of KLA from $1,120.00 to $1,280.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1,241.50.

KLA Company 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.