587,933 Shares in KLA Corporation $KLAC Purchased by Nykredit A S

Nykredit A S acquired a new position in shares of KLA Corporation (NASDAQ:KLAC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 587,933 shares of the semiconductor company’s stock, valued at approximately $177,385,000.

Other hedge funds have also made changes to their positions in the company. TOWER TRUST & INVESTMENT Co increased its position in shares of KLA by 829.7% during the second quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock worth $2,249,000 after purchasing an additional 6,654 shares in the last quarter. Abacus FCF Advisors LLC acquired a new position in KLA in the 2nd quarter valued at $20,763,000. Bank of New York Mellon Corp purchased a new position in KLA in the 2nd quarter valued at $2,522,430,000. Handelsbanken Fonder AB lifted its holdings in KLA by 978.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock valued at $259,164,000 after purchasing an additional 779,317 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. boosted its stake in KLA by 600.7% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 31,561 shares of the semiconductor company’s stock worth $9,522,000 after purchasing an additional 27,057 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

KLA stock opened at $172.26 on Thursday. KLA Corporation has a 12-month low of $83.22 and a 12-month high of $307.37. The stock has a market cap of $225.07 billion, a P/E ratio of 46.98, a PEG ratio of 1.52 and a beta of 1.45. The company has a 50-day moving average price of $208.49 and a 200 day moving average price of $188.46. 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 (NASDAQ:KLAC) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. KLA had a net margin of 35.57% and a return on equity of 87.66%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business posted $0.94 EPS. KLA’s revenue was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts anticipate that KLA Corporation will post 5.42 earnings per share for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. KLA’s dividend payout ratio is currently 25.07%.

Insider Transactions at KLA

In related news, EVP Brian Lorig sold 59,586 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the completion of the transaction, the executive vice president directly owned 77,681 shares in the company, valued at $16,167,746.53. This trade represents a 43.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bren D. Higgins sold 27,701 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $265.69, for a total transaction of $7,359,878.69. Following the completion of the transaction, the chief financial officer directly owned 263,472 shares of the company’s stock, valued at approximately $70,001,875.68. The trade was a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 258,533 shares of company stock worth $55,977,470. 91.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 target price on shares of KLA in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of KLA from $200.00 to $238.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. TD Cowen reissued a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. Zacks Research upgraded KLA from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $260.00 price target (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. One 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.22.

KLA 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.