Yousif Capital Management LLC Decreases Stake in KLA Corporation $KLAC

Yousif Capital Management LLC reduced its holdings in KLA Corporation (NASDAQ:KLAC) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,725 shares of the semiconductor company’s stock after selling 466 shares during the period. Yousif Capital Management LLC’s holdings in KLA were worth $14,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Activest Wealth Management increased its position in KLA by 4,100.0% during the first quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Ulland Investment Advisors LLC acquired a new stake in shares of KLA during the second quarter valued at about $32,000. Alpine Bank Wealth Management acquired a new stake in shares of KLA during the first quarter valued at about $35,000. Olde Wealth Management LLC acquired a new stake in shares of KLA during the first quarter valued at about $36,000. Finally, Saudi Central Bank acquired a new stake in shares of KLA during the first quarter valued at about $36,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 6.7%

Shares of KLA stock opened at $982.75 on Monday. The company has a 50 day moving average of $963.94 and a 200 day moving average of $851.28. The company has a market capitalization of $129.41 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.95 and a beta of 1.50. KLA Corporation has a 52-week low of $551.33 and a 52-week high of $1,155.00. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $0.85. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. KLA had a net margin of 33.41% and a return on equity of 112.41%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.60 EPS. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, research analysts forecast that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 18th. KLA’s payout ratio is presently 25.01%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of KLA from $900.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. TD Cowen raised their price objective on shares of KLA from $800.00 to $900.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Cantor Fitzgerald raised their price objective on shares of KLA from $950.00 to $1,170.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Raymond James Financial reissued an “outperform” rating and issued a $950.00 price objective (up previously from $850.00) on shares of KLA in a research note on Friday, August 1st. Finally, Rothschild & Co Redburn raised their price objective on shares of KLA from $800.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $973.16.

Insider Activity

In other news, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction on 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 transaction, the insider directly owned 27,372 shares of the company’s stock, valued at $24,128,418. The trade was a 33.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian Lorig sold 8,049 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the completion of the transaction, the executive vice president directly owned 11,479 shares in the company, valued at $10,488,132.72. This represents a 41.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,566 shares of company stock valued at $29,313,522 in the last ninety days. 91.48% of the stock is currently owned by company insiders.

About KLA

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.