Trust Point Inc. Acquires 4,771 Shares of KLA Corporation $KLAC

Trust Point Inc. grew its stake in shares of KLA Corporation (NASDAQ:KLAC) by 930.0% in the second quarter, Holdings Channel reports. The firm owned 5,284 shares of the semiconductor company’s stock after acquiring an additional 4,771 shares during the period. Trust Point Inc.’s holdings in KLA were worth $1,594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cohen Capital Management Inc. increased its stake in KLA by 900.0% in the 2nd quarter. Cohen Capital Management Inc. now owns 17,550 shares of the semiconductor company’s stock worth $5,295,000 after buying an additional 15,795 shares during the period. GAMMA Investing LLC boosted its position in KLA by 959.0% in the 2nd quarter. GAMMA Investing LLC now owns 37,363 shares of the semiconductor company’s stock valued at $11,273,000 after buying an additional 33,835 shares during the period. Harbor Investment Advisory LLC grew its stake in KLA by 966.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 14,770 shares of the semiconductor company’s stock worth $4,456,000 after acquiring an additional 13,385 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in KLA in the 2nd quarter worth about $1,639,000. Finally, Arlington Trust Co LLC increased its position in shares of KLA by 900.0% during the second quarter. Arlington Trust Co LLC now owns 300 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 270 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Insider Activity at KLA

In other news, CAO Virendra A. Kirloskar sold 4,504 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the sale, the chief accounting officer directly owned 7,972 shares of the company’s stock, valued at $1,558,526. The trade was a 36.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 27,701 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total value of $7,359,878.69. Following the completion of the transaction, the chief financial officer directly owned 263,472 shares in the company, valued at approximately $70,001,875.68. The trade was a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 156,499 shares of company stock valued at $34,248,710. 91.48% of the stock is currently owned by corporate insiders.

KLA Price Performance

NASDAQ KLAC opened at $198.11 on Friday. The firm’s fifty day simple moving average is $223.63 and its two-hundred day simple moving average is $183.05. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. KLA Corporation has a 12-month low of $83.22 and a 12-month high of $307.37. The firm has a market capitalization of $258.79 billion, a P/E ratio of 54.03, a P/E/G ratio of 1.48 and a beta of 1.45.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%.The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts forecast that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on KLAC. Oppenheimer reissued an “outperform” rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $195.00 target price (down from $220.00) on shares of KLA in a research report on Wednesday, July 29th. Susquehanna set a $215.00 price target on KLA and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a $210.00 price target (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price objective (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $223.70.

KLA News Roundup

Here are the key news stories impacting KLA this week:

• Positive Sentiment: AI-driven chip demand, rising global semiconductor sales and potential expansion of advanced manufacturing capacity—including a proposed Tesla-SpaceX “Terafab”—are supporting the outlook for KLA’s wafer-inspection and process-control equipment. KLA Stock Gains Amid Broad Semiconductor Rally, AI Demand
• Positive Sentiment: Fiera Capital added 1,209,718 KLA shares, more than doubling its previous position, according to a June 30 13F filing. The disclosure is a favorable institutional signal, although it reflects holdings from an earlier period rather than current trading. Fiera Capital Added KLA Shares
• Positive Sentiment: Recent analyst commentary remains constructive: KLA has a “Moderate Buy” consensus, with targets from several firms above recent trading levels. Wells Fargo also issued an Overweight rating, while TD Cowen raised its target to $260.
• Positive Sentiment: The board declared a regular quarterly dividend of $0.23 per share, payable September 1 to shareholders of record August 17. The unchanged payout provides modest shareholder-return support, though its approximately 0.5% yield is unlikely to be a major price catalyst. KLA Declares Regular Cash Dividend
• Neutral Sentiment: KLA’s latest results beat expectations, with revenue up 15.2% year over year to $3.66 billion and EPS of $1.05 versus a $1.00 consensus estimate. However, those results were reported previously and are likely already reflected in the stock.
• Negative Sentiment: Insiders continue to sell shares: Chief Accounting Officer Virendra Kirloskar sold 4,504 shares for about $881,000, while EVP Mary Beth Wilkinson sold 13,802 shares for approximately $2.7 million. The sales add to a six-month pattern of insider selling without reported purchases.
• Negative Sentiment: KLA trades at a demanding valuation, with a price-to-earnings ratio above 50. A slowdown in semiconductor capital spending or weaker-than-expected AI investment could therefore create downside risk.

KLA Company 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.