Parkside Financial Bank & Trust Has $1.56 Million Position in KLA Corporation $KLAC

Parkside Financial Bank & Trust grew its stake in KLA Corporation (NASDAQ:KLAC) by 773.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,178 shares of the semiconductor company’s stock after buying an additional 4,585 shares during the period. Parkside Financial Bank & Trust’s holdings in KLA were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Basepoint Wealth LLC acquired a new position in shares of KLA in the fourth quarter worth approximately $32,000. Hilton Head Capital Partners LLC acquired a new stake in KLA during the 4th quarter valued at approximately $41,000. Triumph Capital Management bought a new position in KLA during the 3rd quarter worth approximately $40,000. Nemes Rush Group LLC lifted its position in shares of KLA by 17.1% in the 4th quarter. Nemes Rush Group LLC now owns 48 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 7 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of KLA by 36.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 16 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of KLA in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $230.00 price target on shares of KLA in a research report on Tuesday, July 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $325.00 price target on shares of KLA in a report on Wednesday, July 29th. Scotiabank set a $200.00 price objective on KLA in a research report on Wednesday, June 10th. Finally, UBS Group dropped their price objective on KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $222.22.

Insider Transactions at KLA

In other KLA news, CEO Richard Wallace sold 87,568 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $198.95, for a total value of $17,421,653.60. Following the transaction, the chief executive officer directly owned 778,944 shares of the company’s stock, valued at approximately $154,970,908.80. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 4,504 shares of KLA stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the transaction, the chief accounting officer owned 7,972 shares of the company’s stock, valued at $1,558,526. This represents a 36.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 258,533 shares of company stock valued at $55,977,470. Corporate insiders own 91.48% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $185.60 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. KLA Corporation has a 52-week low of $87.83 and a 52-week high of $307.37. The business’s 50 day simple moving average is $203.64 and its two-hundred day simple moving average is $189.20. The firm has a market cap of $242.50 billion, a P/E ratio of 50.61, a PEG ratio of 1.65 and a beta of 1.45.

KLA (NASDAQ:KLAC) last released 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. KLA had a return on equity of 87.66% and a net margin of 35.57%.The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, research analysts forecast that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

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

KLA Profile

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.