Intech Investment Management LLC Trims Holdings in KLA Corporation $KLAC

Intech Investment Management LLC trimmed its position in KLA Corporation (NASDAQ:KLAC) by 29.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,968 shares of the semiconductor company’s stock after selling 1,225 shares during the quarter. Intech Investment Management LLC’s holdings in KLA were worth $2,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. Activest Wealth Management increased its holdings in KLA by 4,100.0% in the 1st quarter. Activest Wealth Management now owns 42 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in KLA during the 1st quarter valued at approximately $35,000. Olde Wealth Management LLC purchased a new stake in KLA during the 1st quarter valued at approximately $36,000. Saudi Central Bank purchased a new stake in KLA during the 1st quarter valued at approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of KLA in the first quarter valued at $37,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Up 0.2%

NASDAQ:KLAC opened at $990.57 on Wednesday. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,002.04. The company has a market cap of $130.72 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The stock has a fifty day simple moving average of $908.91 and a 200-day simple moving average of $804.41. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, topping the consensus estimate of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the company earned $6.60 earnings per share. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. Analysts anticipate that KLA Corporation will post 31.59 EPS for the current year.

KLA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KLAC. Wells Fargo & Company reissued an “equal weight” rating and issued a $920.00 target price (up from $870.00) on shares of KLA in a report on Tuesday, July 8th. Stifel Nicolaus raised their target price on shares of KLA from $770.00 to $922.00 and gave the company a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group began coverage on shares of KLA in a report on Thursday, July 10th. They issued a “neutral” rating and a $980.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of KLA from $900.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, UBS Group raised their target price on shares of KLA from $775.00 to $960.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $890.59.

Insiders Place Their Bets

In other news, CAO Virendra A. Kirloskar sold 39 shares of KLA stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total transaction of $34,768.50. Following the completion of the sale, the chief accounting officer directly owned 2,616 shares in the company, valued at approximately $2,332,164. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction on Friday, August 29th. The stock was sold at an average price of $881.50, for a total value of $12,090,654.00. Following the sale, the insider 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 disclosure for this sale can be found here. Insiders have sold a total of 32,605 shares of company stock valued at $29,348,291 in the last three months. 0.12% of the stock is owned by company insiders.

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.