4,335 KLA Corporation $KLAC Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in KLA Corporation (NASDAQ:KLAC) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 328,726 shares of the semiconductor company’s stock after selling 4,335 shares during the period. Nisa Investment Advisors LLC’s holdings in KLA were worth $64,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Integrated Advisors Network LLC lifted its stake in KLA by 145.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 29,147 shares of the semiconductor company’s stock worth $5,682,000 after purchasing an additional 17,292 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of KLA by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 50,178 shares of the semiconductor company’s stock valued at $9,781,000 after purchasing an additional 781 shares in the last quarter. Louisbourg Investments Inc. grew its position in shares of KLA by 145.7% in the third quarter. Louisbourg Investments Inc. now owns 4,471 shares of the semiconductor company’s stock valued at $872,000 after purchasing an additional 2,651 shares in the last quarter. DUTCH ASSET Corp grew its position in shares of KLA by 7.3% in the third quarter. DUTCH ASSET Corp now owns 3,463 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 237 shares in the last quarter. Finally, Eagle Wealth Advisors LLC increased its holdings in shares of KLA by 1.7% in the third quarter. Eagle Wealth Advisors LLC now owns 4,836 shares of the semiconductor company’s stock valued at $943,000 after purchasing an additional 79 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KLAC. Morgan Stanley set a $227.00 price objective on KLA and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Barclays reissued an “overweight” rating and set a $225.00 price objective on shares of KLA in a research note on Monday, July 20th. Needham & Company LLC restated a “buy” rating and issued a $270.00 target price on shares of KLA in a report on Wednesday, July 29th. Wells Fargo & Company set a $245.00 target price on KLA and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, UBS Group cut their target price on KLA from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Nineteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.26.

KLA Trading Down 2.8%

Shares of NASDAQ KLAC opened at $161.74 on Wednesday. KLA Corporation has a twelve month low of $107.20 and a twelve month high of $307.37. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $185.35 and a 200-day simple moving average of $197.25. The stock has a market capitalization of $211.07 billion, a PE ratio of 44.11, a PEG ratio of 1.47 and a beta of 1.45.

KLA (NASDAQ:KLAC) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company earned $0.94 EPS. KLA’s revenue was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, equities analysts forecast that KLA Corporation will post 5.43 earnings per share for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.23 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.6%. KLA’s payout ratio is 25.07%.

Insider Buying and Selling at KLA

In other KLA news, EVP MaryBeth Wilkinson sold 13,802 shares of the firm’s 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 $2,698,291.00. Following the completion of the transaction, the executive vice president owned 22,110 shares of the company’s stock, valued at $4,322,505. This trade represents a 38.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard Wallace sold 72,019 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the completion of the transaction, the chief executive officer directly owned 706,925 shares of the company’s stock, valued at $121,506,269. This represents a 9.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 243,339 shares of company stock valued at $46,903,454 in the last quarter. Corporate insiders own 79.39% of the company’s stock.

KLA Profile

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.