LRI Investments LLC Purchases 23 Shares of KLA Corporation $KLAC

LRI Investments LLC grew its position in shares of KLA Corporation (NASDAQ:KLAC) by 35.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88 shares of the semiconductor company’s stock after buying an additional 23 shares during the quarter. LRI Investments LLC’s holdings in KLA were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management raised its holdings in shares of KLA by 4,100.0% in the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Ulland Investment Advisors LLC bought a new stake in shares of KLA in the 2nd quarter worth approximately $32,000. Alpine Bank Wealth Management bought a new stake in shares of KLA in the 1st quarter worth approximately $35,000. Olde Wealth Management LLC bought a new stake in shares of KLA in the 1st quarter worth approximately $36,000. Finally, Saudi Central Bank bought a new stake in shares of KLA in the 1st quarter worth approximately $36,000. Institutional investors own 86.65% of the company’s stock.

Insider Activity

In other news, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. The trade was a 41.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Wallace sold 10,801 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $9,868,657.68. Following the transaction, the chief executive officer owned 92,818 shares of the company’s stock, valued at $84,805,950.24. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,566 shares of company stock worth $29,313,522 in the last three months. Corporate insiders own 91.48% of the company’s stock.

Analyst Ratings Changes

KLAC has been the topic of a number of research reports. TD Cowen lifted their price target on shares of KLA from $800.00 to $900.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Cantor Fitzgerald lifted their price target on shares of KLA from $950.00 to $1,170.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Wells Fargo & Company boosted their target price on shares of KLA from $920.00 to $1,115.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. Wolfe Research boosted their target price on shares of KLA from $1,075.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Citigroup boosted their target price on shares of KLA from $1,035.00 to $1,060.00 and gave the company a “buy” rating in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $979.89.

KLA Stock Up 4.3%

KLAC opened at $1,025.00 on Tuesday. The company has a fifty day moving average price of $966.13 and a 200-day moving average price of $853.74. The firm has a market capitalization of $134.97 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 2.95 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. KLA Corporation has a one year low of $551.33 and a one year high of $1,155.00.

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

KLA Announces Dividend

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

KLA 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.