Philadelphia Investment Partners LLC Buys Shares of 8,010 KLA Corporation $KLAC

Philadelphia Investment Partners LLC purchased a new position in shares of KLA Corporation (NASDAQ:KLAC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,010 shares of the semiconductor company’s stock, valued at approximately $1,677,000.

Other institutional investors have also modified their holdings of the company. TOWER TRUST & INVESTMENT Co grew its position in shares of KLA by 829.7% in the second 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 during the period. Abacus FCF Advisors LLC purchased a new position in KLA during the second quarter worth about $20,763,000. Bank of New York Mellon Corp acquired a new stake in KLA in the 2nd quarter worth about $2,522,430,000. Handelsbanken Fonder AB grew its holdings in KLA by 978.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock valued at $259,164,000 after buying an additional 779,317 shares during the period. Finally, Butensky & Cohen Financial Security Inc. grew its holdings in KLA by 600.7% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 31,561 shares of the semiconductor company’s stock valued at $9,522,000 after buying an additional 27,057 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Up 0.3%

KLAC opened at $183.83 on Thursday. The firm has a 50 day moving average price of $216.38 and a 200 day moving average price of $187.38. The company has a market cap of $240.18 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. KLA Corporation has a 1 year low of $83.22 and a 1 year high of $307.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. KLA’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts expect that KLA Corporation will post 5.42 earnings per share for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from KLA’s previous quarterly dividend of $0.23. KLA’s payout ratio is 25.07%.

Insider Buying and Selling at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction on 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 completion of the sale, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This represents a 43.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary Beth Wilkinson sold 14,392 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $285.30, for a total value of $4,106,037.60. Following the completion of the transaction, the executive vice president directly owned 53,367 shares in the company, valued at $15,225,605.10. This trade represents a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 258,533 shares of company stock worth $55,977,470. Corporate insiders own 91.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KLAC. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price objective (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Argus boosted their target price on shares of KLA from $175.00 to $195.00 and gave the company a “buy” rating in a report on Friday, May 1st. Rothschild & Co Redburn increased their price target on shares of KLA from $140.00 to $186.50 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. UBS Group set a $240.00 price target on shares of KLA and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Scotiabank set a $200.00 price objective on shares of KLA in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.70.

KLA Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.