Clal Insurance Enterprises Holdings Ltd Sells 77,000 Shares of KLA Corporation $KLAC

Clal Insurance Enterprises Holdings Ltd trimmed its holdings in KLA Corporation (NASDAQ:KLAC) by 62.5% in the 2nd quarter, Holdings Channel reports. The fund owned 46,292 shares of the semiconductor company’s stock after selling 77,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in KLA were worth $41,466,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,564,622 shares of the semiconductor company’s stock worth $9,221,230,000 after purchasing an additional 80,154 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of KLA by 27.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,852,814 shares of the semiconductor company’s stock valued at $1,259,543,000 after purchasing an additional 404,634 shares during the last quarter. Amundi boosted its position in shares of KLA by 18.0% in the 1st quarter. Amundi now owns 1,645,599 shares of the semiconductor company’s stock worth $1,026,983,000 after purchasing an additional 251,339 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of KLA by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 890,607 shares of the semiconductor company’s stock worth $605,435,000 after buying an additional 33,551 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of KLA by 19.7% in the 1st quarter. JPMorgan Chase & Co. now owns 605,424 shares of the semiconductor company’s stock worth $411,568,000 after buying an additional 99,515 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

KLAC opened at $1,123.09 on Wednesday. The company’s 50-day simple moving average is $1,109.33 and its two-hundred day simple moving average is $948.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $147.57 billion, a P/E ratio of 35.26, a P/E/G ratio of 3.56 and a beta of 1.52. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $1,284.47.

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

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be paid 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 dividend payout ratio (DPR) is 23.86%.

Analysts Set New Price Targets

Several equities research analysts have commented on KLAC shares. Citic Securities boosted their target price on KLA from $950.00 to $1,350.00 in a report on Friday, November 7th. Morgan Stanley set a $1,154.00 price target on shares of KLA in a research note on Thursday, October 30th. UBS Group raised 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. Susquehanna lifted their target price on shares of KLA from $745.00 to $1,125.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of KLA in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,241.50.

Insider Buying and Selling at KLA

In other KLA news, CEO Richard P. Wallace sold 10,803 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $1,203.10, for a total value of $12,997,089.30. Following the transaction, the chief executive officer directly owned 81,211 shares of the company’s stock, valued at approximately $97,704,954.10. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 sale, the insider owned 27,372 shares of the company’s stock, valued at approximately $24,128,418. This represents a 33.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 91.48% 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.