KLA Corporation $KLAC Position Trimmed by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,349 shares of the semiconductor company’s stock after selling 246 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in KLA were worth $2,104,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. increased its stake in KLA by 6.7% during the second quarter. Whittier Trust Co. now owns 2,179 shares of the semiconductor company’s stock valued at $1,952,000 after purchasing an additional 137 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in KLA by 52.7% during the second quarter. Princeton Global Asset Management LLC now owns 397 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 137 shares during the last quarter. Sentry Investment Management LLC bought a new stake in KLA during the second quarter valued at $36,000. Foster & Motley Inc. increased its stake in KLA by 5.3% during the second quarter. Foster & Motley Inc. now owns 2,984 shares of the semiconductor company’s stock valued at $2,673,000 after purchasing an additional 150 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in KLA by 4.8% during the second quarter. Private Trust Co. NA now owns 1,101 shares of the semiconductor company’s stock valued at $986,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of KLA from $920.00 to $1,115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Stifel Nicolaus boosted their target price on shares of KLA from $922.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Barclays upgraded KLA from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $750.00 to $1,200.00 in a research note on Monday. Bank of America raised their target price on KLA from $1,000.00 to $1,300.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Needham & Company LLC raised their target price on KLA from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, KLA has a consensus rating of “Hold” and a consensus price target of $1,040.65.

Insider Activity

In other news, insider Ahmad A. Khan sold 13,716 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total transaction of $12,090,654.00. Following the transaction, the insider directly owned 27,372 shares of the company’s stock, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard P. Wallace sold 10,801 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $913.68, for a total value of $9,868,657.68. Following the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $84,805,950.24. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,566 shares of company stock valued at $29,313,522. Company insiders own 91.48% of the company’s stock.

KLA Price Performance

Shares of KLAC opened at $1,147.43 on Wednesday. The firm has a market capitalization of $151.09 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.83 and a current ratio of 2.62. KLA Corporation has a one year low of $551.33 and a one year high of $1,161.18. The stock’s fifty day moving average is $989.62 and its 200-day moving average is $871.23.

KLA (NASDAQ:KLAC) last issued its quarterly 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 company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. KLA had a return on equity of 112.41% and a net margin of 33.41%.The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $6.60 earnings per share. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Equities analysts anticipate that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 18th. KLA’s dividend payout ratio (DPR) is 25.01%.

KLA Company Profile

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.