KLA Corporation $KLAC Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. reduced its position in shares of KLA Corporation (NASDAQ:KLAC) by 9.5% during the second quarter, Holdings Channel.com reports. The fund owned 2,349 shares of the semiconductor company’s stock after selling 246 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in KLA were worth $2,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. MAI Capital Management grew its holdings in KLA by 1.0% during the first quarter. MAI Capital Management now owns 1,365 shares of the semiconductor company’s stock worth $928,000 after acquiring an additional 14 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in KLA by 1.2% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,212 shares of the semiconductor company’s stock worth $824,000 after purchasing an additional 14 shares in the last quarter. IFC Advisors LLC increased its stake in KLA by 4.6% in the 1st quarter. IFC Advisors LLC now owns 342 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 15 shares in the last quarter. Trust Investment Advisors increased its stake in KLA by 1.3% in the 1st quarter. Trust Investment Advisors now owns 1,188 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 15 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its stake in KLA by 1.4% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 1,132 shares of the semiconductor company’s stock worth $1,014,000 after purchasing an additional 16 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Needham & Company LLC lifted their price target on KLA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. TD Cowen lifted their price target on KLA from $800.00 to $900.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Wolfe Research lifted their price target on KLA from $1,075.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen cut KLA from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KLA in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,040.65.

KLA Trading Down 0.5%

Shares of NASDAQ KLAC opened at $1,147.43 on Wednesday. KLA Corporation has a one year low of $551.33 and a one year high of $1,161.18. The firm has a market capitalization of $151.09 billion, a PE ratio of 37.76, a PEG ratio of 3.32 and a beta of 1.50. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $989.62 and a two-hundred day moving average price of $871.23.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, topping analysts’ consensus estimates of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company posted $6.60 EPS. The business’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. As a group, analysts predict that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a dividend of $1.90 per share. The ex-dividend date was Monday, August 18th. This represents a $7.60 dividend on an annualized basis and a yield of 0.7%. KLA’s dividend payout ratio (DPR) is presently 25.01%.

Insiders Place Their Bets

In other KLA news, insider Ahmad A. Khan sold 13,716 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the completion of the sale, the insider directly owned 27,372 shares in the company, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $7,354,210.32. Following the sale, the executive vice president owned 11,479 shares of the company’s stock, valued at approximately $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,566 shares of company stock worth $29,313,522. 91.48% of the stock is currently owned by company insiders.

KLA Company Profile

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.