KLA Corporation $KLAC Stock: MinichMacGregor Wealth Management LLC Boosts Holdings

MinichMacGregor Wealth Management LLC grew its position in KLA Corporation (NASDAQ:KLAC) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,609 shares of the semiconductor company’s stock after purchasing an additional 3,277 shares during the period. KLA makes up 1.8% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 26th largest position. MinichMacGregor Wealth Management LLC’s holdings in KLA were worth $10,645,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP raised its position in KLA by 928.9% during the second 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in KLA during the second quarter valued at $2,522,430,000. National Pension Service increased its holdings in 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 buying an additional 3,271,158 shares in the last quarter. NEOS Investment Management LLC raised 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 worth $295,486,000 after acquiring an additional 889,269 shares during the period. Finally, Railway Pension Investments Ltd grew its position 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 acquiring an additional 839,265 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Buying and Selling at KLA

In related news, CAO Virendra A. Kirloskar sold 4,504 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $880,532.00. Following the completion of the sale, the chief accounting officer owned 7,972 shares in the company, valued at $1,558,526. This represents a 36.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $12,401,634.18. Following the transaction, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This represents a 43.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 243,339 shares of company stock valued at $46,903,454. 79.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KLAC. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price target (up from $170.00) on shares of KLA in a report on Wednesday, July 29th. Zacks Research lowered KLA from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. TD Cowen reissued a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. UBS Group lowered their price target on shares of KLA from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of KLA in a report on Wednesday, June 17th. Eighteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.26.

KLA Stock Down 2.5%

KLAC stock traded down $4.64 during midday trading on Wednesday, hitting $179.36. The company’s stock had a trading volume of 4,496,825 shares, compared to its average volume of 11,021,456. The firm has a 50-day simple moving average of $187.96 and a 200-day simple moving average of $196.41. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. KLA Corporation has a 52-week low of $105.39 and a 52-week high of $307.37. The firm has a market capitalization of $234.06 billion, a P/E ratio of 48.93, a PEG ratio of 1.68 and a beta of 1.45.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. KLA had a net margin of 35.57% and a return on equity of 87.66%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, equities analysts forecast that KLA Corporation will post 5.43 EPS for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.23 dividend. 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%. The ex-dividend date was Monday, August 17th. KLA’s dividend payout ratio (DPR) is presently 25.07%.

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.