KLA Corporation $KLAC is Jensen Investment Management Inc.’s 9th Largest Position

Jensen Investment Management Inc. cut its stake in shares of KLA Corporation (NASDAQ:KLAC) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,028 shares of the semiconductor company’s stock after selling 67,098 shares during the quarter. KLA comprises approximately 4.1% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Jensen Investment Management Inc. owned 0.29% of KLA worth $348,468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KLAC. Ulland Investment Advisors LLC acquired a new stake in KLA during the 2nd quarter worth about $32,000. Sentry Investment Management LLC purchased a new position in shares of KLA in the second quarter worth about $36,000. Activest Wealth Management lifted its holdings in shares of KLA by 4,100.0% during the first 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. Saudi Central Bank acquired a new stake in shares of KLA during the first quarter worth about $36,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in KLA in the first quarter valued at approximately $37,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KLA

In other KLA news, insider Ahmad A. Khan sold 13,716 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the transaction, the insider directly owned 27,372 shares of the company’s stock, valued at $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 10,803 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $1,203.10, for a total transaction of $12,997,089.30. Following the sale, the chief executive officer directly owned 81,211 shares of the company’s stock, valued at $97,704,954.10. This represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 91.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on KLAC shares. UBS Group lifted their price objective on shares of KLA from $1,135.00 to $1,260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Evercore ISI boosted their target price on shares of KLA from $1,000.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wolfe Research upped their price target on shares of KLA from $1,250.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Morgan Stanley set a $1,154.00 price target on KLA in a research report on Thursday, October 30th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $950.00 price objective (up previously from $850.00) on shares of KLA in a report on Friday, August 1st. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,241.50.

KLA Trading Down 2.4%

KLAC stock opened at $1,134.32 on Friday. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $1,284.47. 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 $149.04 billion, a P/E ratio of 35.61, a PEG ratio of 3.56 and a beta of 1.52. The company’s 50-day simple moving average is $1,100.73 and its 200-day simple moving average is $940.29.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share for the quarter, topping analysts’ consensus estimates of $8.47 by $0.34. KLA had a return on equity of 113.10% and a net margin of 33.83%.The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the firm posted $7.33 EPS. KLA’s quarterly revenue was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. As a group, equities analysts forecast that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a $1.90 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $7.60 dividend on an annualized basis and a yield of 0.7%. KLA’s dividend payout ratio (DPR) is currently 23.86%.

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.