4,765 KLA Corporation $KLAC Shares Sold by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co reduced its stake in shares of KLA Corporation (NASDAQ:KLAC) by 86.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 735 shares of the semiconductor company’s stock after selling 4,765 shares during the period. Indiana Trust & Investment Management Co’s holdings in KLA were worth $143,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Allied Private Wealth LLC acquired a new position in shares of KLA in the 2nd quarter valued at about $27,000. Atomic Invest LLC boosted its stake in shares of KLA by 781.8% in the second quarter. Atomic Invest LLC now owns 97 shares of the semiconductor company’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Roble Belko & Company Inc grew its holdings in KLA by 2,275.0% during the second quarter. Roble Belko & Company Inc now owns 95 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 91 shares during the period. Carolina Wealth Advisors LLC grew its holdings in KLA by 900.0% during the second quarter. Carolina Wealth Advisors LLC now owns 100 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 90 shares during the period. Finally, Cherry Tree Wealth Management LLC grew its holdings in KLA by 900.0% during the second quarter. Cherry Tree Wealth Management LLC now owns 120 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 9.5%

KLAC stock opened at $147.83 on Friday. The company’s 50-day simple moving average is $183.23 and its 200-day simple moving average is $197.31. 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 $107.20 and a 52-week high of $307.37. The firm has a market cap of $192.92 billion, a P/E ratio of 40.31, a PEG ratio of 1.45 and a beta of 1.45.

KLA (NASDAQ:KLAC) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. KLA had a return on equity of 87.66% and a net margin of 35.57%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. 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 fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. KLA’s dividend payout ratio is 25.07%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KLAC shares. Oppenheimer reiterated an “outperform” rating and set a $260.00 price target (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. Sanford C. Bernstein restated an “outperform” rating and issued a $225.00 price objective on shares of KLA in a research report on Wednesday, July 29th. Barclays reaffirmed an “overweight” rating and set a $225.00 price objective on shares of KLA in a research note on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $230.00 target price on shares of KLA in a report on Tuesday, July 28th. Nineteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.26.

Insiders Place Their Bets

In other KLA news, EVP Brian Lorig sold 59,586 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 77,681 shares of the company’s stock, valued at approximately $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Wallace sold 72,019 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total value of $12,378,625.72. Following the completion of the sale, the chief executive officer owned 706,925 shares of the company’s stock, valued at $121,506,269. This trade represents a 9.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 243,339 shares of company stock valued at $46,903,454 in the last three months. 79.39% of the stock is currently owned by company insiders.

KLA Profile

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.

The company’s product portfolio includes wafer and reticle inspection systems, metrology and measurement tools, defect review and classification systems, and software for analyzing manufacturing data.