Norinchukin Bank The Buys 3,115 Shares of KLA Corporation $KLAC

Norinchukin Bank The lifted its stake in shares of KLA Corporation (NASDAQ:KLAC) by 43.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,245 shares of the semiconductor company’s stock after acquiring an additional 3,115 shares during the quarter. Norinchukin Bank The’s holdings in KLA were worth $6,965,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management bought a new stake in shares of KLA in the 1st quarter worth approximately $35,000. Olde Wealth Management LLC acquired a new position in shares of KLA in the 1st quarter worth approximately $36,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of KLA in the 1st quarter worth approximately $37,000. Hazlett Burt & Watson Inc. acquired a new stake in KLA during the 1st quarter valued at $45,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in KLA by 527.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 69 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLA stock opened at $872.39 on Friday. 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 company has a market capitalization of $115.12 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.99 and a beta of 1.44. The stock’s 50 day moving average is $904.07 and its 200-day moving average is $784.53. KLA Corporation has a 12 month low of $551.33 and a 12 month high of $959.26.

KLA (NASDAQ:KLAC) last issued its quarterly 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. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities research analysts expect that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $1.90 per share. The ex-dividend date is Monday, August 18th. This represents a $7.60 annualized dividend and a yield of 0.9%. KLA’s dividend payout ratio is presently 25.01%.

KLA declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 30th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut KLA from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. JPMorgan Chase & Co. raised their price target on KLA from $900.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Securities lifted their target price on KLA from $770.00 to $800.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Citigroup lifted their target price on KLA from $1,035.00 to $1,060.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price target on KLA from $770.00 to $922.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $890.59.

Insider Activity

In other news, CEO Richard P. Wallace sold 10,801 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total value of $9,868,657.68. Following the completion of the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at approximately $84,805,950.24. This represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 8,049 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 11,479 shares of the company’s stock, valued at $10,488,132.72. The trade was 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 18,889 shares of company stock worth $17,257,637. Insiders own 0.12% of the company’s stock.

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.