Jacobi Capital Management LLC Sells 103 Shares of KLA Corporation $KLAC

Jacobi Capital Management LLC cut its stake in KLA Corporation (NASDAQ:KLAC) by 4.0% in the first quarter, Holdings Channel reports. The institutional investor owned 2,482 shares of the semiconductor company’s stock after selling 103 shares during the period. Jacobi Capital Management LLC’s holdings in KLA were worth $1,687,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in KLA by 4,100.0% in the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after buying an additional 41 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in KLA in the first quarter worth $35,000. Olde Wealth Management LLC purchased a new stake in KLA in the first quarter worth $36,000. Saudi Central Bank purchased a new stake in KLA in the first quarter worth $36,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in KLA in the first quarter worth $37,000. 86.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other KLA news, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $7,354,210.32. Following the transaction, the executive vice president owned 11,479 shares in the company, valued at $10,488,132.72. The trade was a 41.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Virendra A. Kirloskar sold 39 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total value of $34,768.50. Following the sale, the chief accounting officer owned 2,616 shares in the company, valued at $2,332,164. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock worth $29,348,291 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup increased their target price on KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Stifel Nicolaus increased their target price on KLA from $770.00 to $922.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Cantor Fitzgerald reiterated an “overweight” rating on shares of KLA in a research note on Tuesday, June 24th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $920.00 target price (up previously from $870.00) on shares of KLA in a research note on Tuesday, July 8th. Finally, Morgan Stanley increased their target price on KLA from $916.00 to $928.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, KLA currently has an average rating of “Hold” and a consensus target price of $890.59.

KLA Price Performance

KLAC opened at $959.28 on Friday. The business’s 50-day moving average is $904.97 and its two-hundred day moving average is $798.36. KLA Corporation has a 1 year low of $551.33 and a 1 year high of $963.89. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $126.59 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 3.18 and a beta of 1.48.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm earned $6.60 earnings per share. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Research analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 18th. KLA’s payout ratio is 25.01%.

About KLA

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.