3,000 Shares of KLA Corporation $KLAC Bought by Hummer Financial Advisory Services Inc

Hummer Financial Advisory Services Inc purchased a new stake in KLA Corporation (NASDAQ:KLAC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,000 shares of the semiconductor company’s stock, valued at approximately $585,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KLAC. Wellington Management Group LLP raised its holdings in KLA by 928.9% during the 2nd quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock valued at $4,471,832,000 after acquiring an additional 13,381,153 shares during the period. Bank of New York Mellon Corp bought a new position in shares of KLA in the second quarter worth $2,522,430,000. National Pension Service grew its position in shares of KLA by 899.4% in the second quarter. National Pension Service now owns 3,634,859 shares of the semiconductor company’s stock valued at $1,096,673,000 after purchasing an additional 3,271,158 shares in the last quarter. NEOS Investment Management LLC grew its position in shares of KLA by 987.0% in the second quarter. NEOS Investment Management LLC now owns 979,371 shares of the semiconductor company’s stock valued at $295,486,000 after purchasing an additional 889,269 shares in the last quarter. Finally, Railway Pension Investments Ltd raised its stake in shares of KLA by 960.4% during the 2nd quarter. Railway Pension Investments Ltd now owns 926,652 shares of the semiconductor company’s stock valued at $279,580,000 after purchasing an additional 839,265 shares during the period. 86.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Virendra A. Kirloskar sold 4,504 shares of KLA stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total value of $880,532.00. Following the sale, the chief accounting officer owned 7,972 shares in the company, valued at $1,558,526. The trade was a 36.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Wallace sold 72,019 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the transaction, the chief executive officer directly owned 706,925 shares in the company, valued at approximately $121,506,269. The trade was a 9.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 243,339 shares of company stock worth $46,903,454. Insiders own 79.39% of the company’s stock.

KLA Stock Down 0.1%

Shares of NASDAQ:KLAC opened at $196.72 on Friday. The stock’s 50-day moving average is $187.79 and its 200 day moving average is $195.65. The company has a market cap of $256.72 billion, a PE ratio of 53.65, a P/E/G ratio of 1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03. KLA Corporation has a 1 year low of $98.10 and a 1 year high of $307.37.

KLA (NASDAQ:KLAC) last released its quarterly earnings data 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. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Sell-side analysts anticipate that KLA Corporation will post 5.43 EPS for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.23 dividend. 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. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. KLA’s payout ratio is 25.07%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group lowered their target price on shares of KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 1st. Susquehanna set a $215.00 price objective on KLA and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 target price (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 target price on shares of KLA in a research note on Wednesday, July 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $270.00 price target on shares of KLA in a report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $221.26.

KLA Profile

KLA Corporation (NASDAQ: KLAC) develops process-control and yield-management solutions used by semiconductor and electronics manufacturers. Its systems help customers detect defects, measure and analyze materials and structures, and monitor manufacturing processes throughout the production of integrated circuits and other advanced electronic components.

The company’s product portfolio includes inspection and metrology systems, wafer and reticle inspection equipment, process-control software, data analytics tools, and related services.