KLA Corporation $KLAC Stock: Indiana Trust & Investment Management Co Trims Holdings

Indiana Trust & Investment Management Co lessened its stake in shares of KLA Corporation (NASDAQ:KLAC) by 86.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 735 shares of the semiconductor company’s stock after selling 4,765 shares during the period. Indiana Trust & Investment Management Co’s holdings in KLA were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brookstone Capital Management raised its holdings in shares of KLA by 24.9% during the third quarter. Brookstone Capital Management now owns 81,457 shares of the semiconductor company’s stock valued at $15,878,000 after acquiring an additional 16,262 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of KLA by 1.8% in the third quarter. SeaCrest Wealth Management LLC now owns 17,864 shares of the semiconductor company’s stock valued at $3,482,000 after acquiring an additional 324 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of KLA by 5.1% in the third quarter. Root Financial Partners LLC now owns 8,446 shares of the semiconductor company’s stock worth $1,646,000 after acquiring an additional 412 shares during the last quarter. E. Ohman J or Asset Management AB boosted its stake in shares of KLA by 1.6% in the third quarter. E. Ohman J or Asset Management AB now owns 46,610 shares of the semiconductor company’s stock worth $9,086,000 after acquiring an additional 750 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of KLA by 1.6% during the third quarter. SBI Securities Co. Ltd. now owns 14,120 shares of the semiconductor company’s stock worth $2,752,000 after purchasing an additional 224 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Down 9.5%

KLAC opened at $147.83 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. The company’s 50 day simple moving average is $183.23 and its two-hundred day simple moving average is $197.31. KLA Corporation has a 1-year low of $107.20 and a 1-year high of $307.37. The firm has a market capitalization of $192.92 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.45.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts expect that KLA Corporation will post 5.43 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.23 dividend. This is a boost from KLA’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. KLA’s dividend payout ratio is 25.07%.

Wall Street Analyst Weigh In

Several analysts recently commented on KLAC shares. JPMorgan Chase & Co. boosted their price target on KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded KLA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $195.00 target price (down from $220.00) on shares of KLA in a research note on Wednesday, July 29th. TD Cowen reaffirmed a “buy” rating and set a $260.00 target price (up from $200.00) on shares of KLA in a report on Thursday, July 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of KLA in a report on Wednesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $221.26.

Insider Buying and Selling

In other news, CEO Richard Wallace sold 72,019 shares of KLA stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the transaction, the chief executive officer owned 706,925 shares in the company, valued at $121,506,269. The trade was a 9.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Virendra A. Kirloskar sold 4,504 shares of KLA stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $880,532.00. Following the transaction, the chief accounting officer owned 7,972 shares in the company, valued at approximately $1,558,526. This represents a 36.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 243,339 shares of company stock valued at $46,903,454 over the last 90 days. Insiders own 79.39% of the company’s stock.

About KLA

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.