KLA Corporation $KLAC Shares Newly Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC acquired a new stake in shares of KLA Corporation (NASDAQ:KLAC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,757 shares of the semiconductor company’s stock, valued at approximately $732,000.

Several other institutional investors have also recently modified their holdings of the company. Formuepleje A S lifted its holdings in shares of KLA by 1,125.5% in the 2nd quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company’s stock worth $9,070,000 after acquiring an additional 27,609 shares during the last quarter. TOWER TRUST & INVESTMENT Co boosted its stake in shares of KLA by 829.7% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock valued at $2,249,000 after purchasing an additional 6,654 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of KLA by 7.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 275,745 shares of the semiconductor company’s stock valued at $53,751,000 after purchasing an additional 19,700 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of KLA by 1,195.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,948 shares of the semiconductor company’s stock valued at $4,510,000 after purchasing an additional 13,794 shares during the last quarter. Finally, Colton Groome Financial Advisors LLC grew its holdings in shares of KLA by 40.1% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 28,728 shares of the semiconductor company’s stock valued at $5,600,000 after purchasing an additional 8,225 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Down 4.1%

Shares of NASDAQ KLAC opened at $149.79 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.88. KLA Corporation has a 52 week low of $107.20 and a 52 week high of $307.37. The firm’s fifty day moving average is $176.82 and its 200 day moving average is $181.86. The company has a market cap of $195.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 1.28 and a beta of 1.49.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.04. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.04 billion. KLA had a net margin of 36.25% and a return on equity of 89.30%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.47 earnings per share. On average, equities research analysts expect that KLA Corporation will post 5.73 earnings per share for the current year.

Insider Activity

In related news, EVP Brian Lorig sold 59,586 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $208.13, for a total value of $12,401,634.18. Following the sale, the executive vice president directly owned 77,681 shares of the company’s stock, valued at $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Wallace sold 72,019 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total value of $12,378,625.72. Following the transaction, the chief executive officer owned 706,925 shares in the company, valued at approximately $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 sold 219,173 shares of company stock worth $42,201,914 over the last three months. 79.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KLAC. Truist Financial set a $225.00 target price on shares of KLA in a research report on Thursday, October 29th. Barclays restated an “overweight” rating and set a $225.00 price target on shares of KLA in a research report on Monday, July 20th. TD Cowen reaffirmed a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $195.00 price objective (down from $220.00) on shares of KLA in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price (up from $170.00) on shares of KLA in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $220.35.

Key KLA News

Here are the key news stories impacting KLA this week:

• Positive Sentiment: KLA said AI-driven chip demand is accelerating and expects the semiconductor equipment market to exceed $200 billion in 2027, with advanced packaging and memory supporting growth. KLAC Q1 Earnings Call Highlights AI Demand and 2027 Growth Outlook
• Positive Sentiment: Recent coverage said KLA beat first-quarter earnings expectations and raised guidance, citing AI demand and growth in its advanced-packaging business. What Is Going On With KLA Stock on Tuesday?
• Neutral Sentiment: Sell-side analysts collectively rate KLAC “Moderate Buy,” indicating a generally favorable view, though the rating alone does not explain the latest trading. KLA Corporation Stock Rated Moderate Buy by Sell-Side Analysts
• Negative Sentiment: Investors bought 47,908 put options on Wednesday—167% above typical daily volume. This may reflect increased hedging or bearish speculation and could weigh on sentiment, but options activity does not establish the reason for the move.

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.