Burns Matteson Capital Management LLC Acquires Shares of 394 KLA Corporation $KLAC

Burns Matteson Capital Management LLC bought a new stake in KLA Corporation (NASDAQ:KLAC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 394 shares of the semiconductor company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KLAC. Ieq Capital LLC lifted its position in shares of KLA by 119.5% during the 1st quarter. Ieq Capital LLC now owns 8,169 shares of the semiconductor company’s stock worth $5,554,000 after buying an additional 4,448 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in KLA by 0.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 7,416 shares of the semiconductor company’s stock worth $5,041,000 after acquiring an additional 48 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in KLA by 35.6% during the first quarter. Itau Unibanco Holding S.A. now owns 122 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 32 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of KLA in the first quarter worth about $1,792,000. Finally, Magnetar Financial LLC acquired a new stake in shares of KLA in the 1st quarter valued at approximately $385,000. Institutional investors own 86.65% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard P. Wallace sold 10,803 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $1,203.10, for a total transaction of $12,997,089.30. Following the completion of the sale, the chief executive officer directly owned 81,211 shares in the company, valued at $97,704,954.10. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bren D. Higgins sold 2,254 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $1,237.01, for a total transaction of $2,788,220.54. Following the completion of the transaction, the chief financial officer owned 32,154 shares in the company, valued at approximately $39,774,819.54. The trade was a 6.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 91.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KLAC. Weiss Ratings reiterated a “buy (b)” rating on shares of KLA in a research report on Wednesday, October 8th. Needham & Company LLC upped their price target on shares of KLA from $1,100.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Susquehanna raised their price objective on KLA from $745.00 to $1,125.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Evercore ISI boosted their price objective on KLA from $1,000.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, UBS Group increased their target price on KLA from $1,135.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Thirteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average target price of $1,275.54.

KLA Trading Up 0.2%

NASDAQ KLAC opened at $1,279.60 on Friday. The business’s 50-day moving average price is $1,194.89 and its two-hundred day moving average price is $1,030.85. KLA Corporation has a 12 month low of $551.33 and a 12 month high of $1,286.81. The firm has a market capitalization of $168.13 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 3.40 and a beta of 1.44. The company has a current ratio of 2.69, a quick ratio of 1.88 and a debt-to-equity ratio of 1.18.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.47 by $0.34. KLA had a return on equity of 107.26% and a net margin of 33.83%.The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $7.33 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. On average, analysts expect that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were given a $1.90 dividend. The ex-dividend date was Monday, November 17th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.6%. KLA’s payout ratio is 23.86%.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.