Cullen Frost Bankers Inc. Sells 481 Shares of KLA Corporation $KLAC

Cullen Frost Bankers Inc. lessened its position in KLA Corporation (NASDAQ:KLAC) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,860 shares of the semiconductor company’s stock after selling 481 shares during the period. Cullen Frost Bankers Inc.’s holdings in KLA were worth $26,814,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Ulland Investment Advisors LLC acquired a new position in KLA in the second quarter valued at about $32,000. Sentry Investment Management LLC acquired a new position in shares of KLA in the 2nd quarter worth approximately $36,000. Arlington Trust Co LLC grew its position in KLA by 125.0% during the 3rd quarter. Arlington Trust Co LLC now owns 36 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 20 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in KLA during the 3rd quarter valued at $43,000. Finally, Bruce G. Allen Investments LLC bought a new position in KLA in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Buying and Selling

In other news, CEO Richard P. Wallace sold 10,803 shares of KLA 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 transaction, the chief executive officer directly owned 81,211 shares of the company’s stock, valued at $97,704,954.10. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owned 32,154 shares of the company’s stock, valued at $39,774,819.54. This trade represents a 6.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 91.48% of the stock is currently owned by insiders.

KLA Stock Performance

KLAC stock opened at $1,512.78 on Friday. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,581.34. The company has a quick ratio of 1.88, a current ratio of 2.69 and a debt-to-equity ratio of 1.18. The company has a market cap of $198.76 billion, a P/E ratio of 47.50, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The business’s fifty day moving average is $1,280.19 and its 200-day moving average is $1,103.70.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $8.81 EPS for the quarter, beating 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 business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $7.33 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. Equities research analysts forecast that KLA Corporation will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $7.60 annualized dividend and a yield of 0.5%. KLA’s dividend payout ratio (DPR) is presently 23.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $1,250.00 to $1,560.00 and gave the stock a “hold” rating in a report on Wednesday. Evercore ISI increased their price objective on shares of KLA from $1,000.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. BNP Paribas Exane boosted their target price on shares of KLA from $820.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wells Fargo & Company set a $1,600.00 target price on shares of KLA and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Rothschild & Co Redburn raised their price target on shares of KLA from $1,100.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,454.43.

KLA 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.