Cairn Investment Group Inc. Makes New Investment in KLA Corporation $KLAC

Cairn Investment Group Inc. acquired a new stake in shares of KLA Corporation (NASDAQ:KLAC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 232 shares of the semiconductor company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in shares of KLA by 4,100.0% during the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Alpine Bank Wealth Management acquired a new position in KLA in the first quarter worth about $35,000. Olde Wealth Management LLC bought a new position in KLA during the first quarter worth about $36,000. Saudi Central Bank bought a new position in KLA during the first quarter worth about $36,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in KLA during the first quarter valued at approximately $37,000. 86.65% of the stock is owned by institutional investors.

KLA Stock Up 0.5%

Shares of NASDAQ:KLAC opened at $1,064.29 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. The firm has a market cap of $140.15 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.62 and a beta of 1.48. KLA Corporation has a 12 month low of $551.33 and a 12 month high of $1,076.79. The company’s 50-day moving average price is $928.49 and its two-hundred day moving average price is $825.43.

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

KLA Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KLAC shares. UBS Group increased their target price on KLA from $775.00 to $960.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Oppenheimer increased their price objective on KLA from $740.00 to $950.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Citigroup lifted their price objective on KLA from $1,035.00 to $1,060.00 and gave the company a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on shares of KLA from $900.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, TD Cowen increased their target price on shares of KLA from $800.00 to $900.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $900.29.

Insider Transactions at KLA

In related news, CEO Richard P. Wallace sold 10,801 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 $9,868,657.68. Following the completion of the sale, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 directly owned 2,616 shares of the company’s stock, valued at $2,332,164. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock valued at $29,348,291 over the last quarter. Corporate insiders own 91.48% of the company’s stock.

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.