KLA Corporation $KLAC Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of KLA Corporation (NASDAQ:KLAC) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,796 shares of the semiconductor company’s stock after selling 701 shares during the quarter. KLA accounts for 0.8% of BI Asset Management Fondsmaeglerselskab A S’s investment portfolio, making the stock its 21st biggest position. BI Asset Management Fondsmaeglerselskab A S owned 0.07% of KLA worth $85,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KLAC. Amundi boosted its holdings in KLA by 18.0% in the 1st quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock worth $1,026,983,000 after acquiring an additional 251,339 shares during the period. Winslow Capital Management LLC acquired a new stake in KLA during the 2nd quarter valued at $95,217,000. Loomis Sayles & Co. L P increased its stake in KLA by 5,697.9% during the 2nd quarter. Loomis Sayles & Co. L P now owns 97,231 shares of the semiconductor company’s stock worth $87,094,000 after buying an additional 95,554 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in KLA by 736.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,811 shares of the semiconductor company’s stock worth $46,778,000 after buying an additional 60,586 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in KLA by 13,486.9% in the 1st quarter. Clark Capital Management Group Inc. now owns 56,114 shares of the semiconductor company’s stock valued at $38,146,000 after buying an additional 55,701 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard P. Wallace sold 10,803 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $1,203.10, for a total transaction of $12,997,089.30. Following the completion of the transaction, the chief executive officer owned 81,211 shares in the company, valued at approximately $97,704,954.10. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 91.48% of the company’s stock.

KLA Trading Down 4.2%

NASDAQ KLAC opened at $1,193.92 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.88 and a current ratio of 2.69. KLA Corporation has a one year low of $551.33 and a one year high of $1,284.47. The company has a 50-day simple moving average of $1,159.13 and a 200-day simple moving average of $998.80. The firm has a market capitalization of $156.87 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 3.39 and a beta of 1.44.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.47 by $0.34. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.17 billion. KLA had a net margin of 33.83% and a return on equity of 107.26%. KLA’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $7.33 earnings per share. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. On average, equities analysts forecast that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $1.90 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $7.60 annualized dividend and a yield of 0.6%. KLA’s dividend payout ratio (DPR) is currently 23.86%.

Analysts Set New Price Targets

KLAC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $1,070.00 to $1,200.00 and gave the company a “hold” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their target price on KLA from $1,070.00 to $1,485.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Citic Securities lifted their price target on shares of KLA from $950.00 to $1,350.00 in a research note on Friday, November 7th. Stifel Nicolaus set a $1,260.00 price objective on shares of KLA in a research note on Thursday, October 30th. Finally, Wolfe Research boosted their target price on shares of KLA from $1,250.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, KLA presently has an average rating of “Hold” and a consensus price target of $1,243.81.

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.