SG Americas Securities LLC Sells 111,172 Shares of KLA Corporation $KLAC

SG Americas Securities LLC cut its position in KLA Corporation (NASDAQ:KLAC) by 95.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,641 shares of the semiconductor company’s stock after selling 111,172 shares during the period. SG Americas Securities LLC’s holdings in KLA were worth $5,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KLAC. Activest Wealth Management increased its position 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 valued at $29,000 after buying an additional 41 shares in the last quarter. Ulland Investment Advisors LLC acquired a new position in KLA in the second quarter valued at about $32,000. Saudi Central Bank bought a new stake in shares of KLA in the first quarter worth about $36,000. Sentry Investment Management LLC bought a new stake in shares of KLA in the second quarter worth about $36,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of KLA during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In other news, CEO Richard P. Wallace sold 10,803 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 81,211 shares in the company, valued at approximately $97,704,954.10. This represents a 11.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ahmad A. Khan sold 13,716 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following the completion of the transaction, the insider directly owned 27,372 shares of the company’s stock, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their position. The SEC filing for this sale provides additional information. 91.48% of the stock is owned by insiders.

KLA Stock Down 0.1%

KLA stock opened at $1,133.70 on Tuesday. The stock has a market cap of $148.96 billion, a P/E ratio of 35.59, a P/E/G ratio of 3.56 and a beta of 1.52. The company’s 50-day moving average price is $1,105.22 and its two-hundred day moving average price is $945.19. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,284.47.

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

KLA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group increased their target price on KLA from $1,135.00 to $1,260.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Evercore ISI increased their target price on KLA from $1,000.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KLA from $1,070.00 to $1,200.00 and gave the company a “hold” rating in a report on Thursday, October 30th. New Street Research lifted their target price on KLA from $980.00 to $1,230.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Argus set a $1,400.00 price target on KLA in a research report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,241.50.

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.