Premier Path Wealth Partners LLC Raises Stock Holdings in KLA Corporation $KLAC

Premier Path Wealth Partners LLC increased its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 1,036.6% during the second quarter, HoldingsChannel.com reports. The fund owned 8,070 shares of the semiconductor company’s stock after buying an additional 7,360 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in KLA were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission.

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

KLA Price Performance

Shares of NASDAQ:KLAC opened at $172.94 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $225.95 billion, a PE ratio of 47.16, a P/E/G ratio of 1.53 and a beta of 1.45. KLA Corporation has a twelve month low of $83.90 and a twelve month high of $307.37. The company has a 50-day moving average price of $206.78 and a two-hundred day moving average price of $188.65.

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

KLA Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on KLAC. Jefferies Financial Group reiterated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen reaffirmed a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of KLA in a report on Thursday, July 9th. Scotiabank set a $200.00 price objective on KLA in a research note on Wednesday, June 10th. Finally, Rothschild & Co Redburn increased their price objective on KLA from $140.00 to $186.50 and gave the company a “neutral” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $222.22.

Insider Buying and Selling at KLA

In other news, CAO Virendra Kirloskar sold 4,504 shares of KLA stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $880,532.00. Following the completion of the transaction, the chief accounting officer directly owned 7,972 shares in the company, valued at approximately $1,558,526. The trade was a 36.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 27,701 shares of the business’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 sale, the chief financial officer 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 three months, insiders have sold 258,533 shares of company stock worth $55,977,470. Company insiders own 91.48% of the company’s stock.

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.