Trust Co. of Vermont Acquires Shares of 10,540 KLA Corporation $KLAC

by · The Markets Daily

Trust Co. of Vermont bought a new stake in KLA Corporation (NASDAQ:KLACFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,540 shares of the semiconductor company’s stock, valued at approximately $3,180,000.

A number of other institutional investors and hedge funds have also modified their holdings of KLAC. Monetary Management Group Inc. lifted its stake in KLA by 0.4% in the 2nd quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock valued at $3,380,000 after buying an additional 15 shares in the last quarter. Tandem Wealth Advisors LLC increased its stake in KLA by 1.6% during the 2nd quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock worth $934,000 after buying an additional 16 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of KLA during the second quarter valued at approximately $90,000. Captrust Financial Advisors raised its holdings in shares of KLA by 13.8% during the second quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock valued at $4,584,000 after acquiring an additional 619 shares during the last quarter. Finally, Seven Mile Advisory purchased a new position in shares of KLA in the third quarter valued at approximately $444,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Activity

In related news, EVP Brian Lorig sold 59,586 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $208.13, for a total transaction of $12,401,634.18. Following the completion of the sale, the executive vice president directly owned 77,681 shares in the company, valued at approximately $16,167,746.53. This trade represents a 43.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Virendra A. Kirloskar sold 4,504 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer owned 7,972 shares in the company, valued at $1,558,526. The trade was a 36.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 258,533 shares of company stock valued at $55,977,470 in the last quarter. Insiders own 91.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $225.00 price target on shares of KLA in a research note on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating and issued a $253.00 price objective on shares of KLA in a report on Wednesday, July 29th. Barclays reaffirmed an “overweight” rating and set a $225.00 target price on shares of KLA in a research note on Monday, July 20th. Oppenheimer reaffirmed an “outperform” rating and set a $260.00 target price (up from $200.00) on shares of KLA in a report on Thursday, July 16th. Finally, TD Cowen reiterated a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of KLA in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $223.70.

View Our Latest Research Report on KLAC

KLA Price Performance

NASDAQ:KLAC opened at $205.76 on Tuesday. KLA Corporation has a one year low of $83.22 and a one year high of $307.37. The stock has a market cap of $268.84 billion, a PE ratio of 56.11, a P/E/G ratio of 1.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. The stock has a 50 day moving average price of $223.48 and a 200 day moving average price of $185.37.

KLA (NASDAQ:KLACGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping 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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Equities research analysts expect that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued 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 dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 17th. KLA’s payout ratio is currently 25.07%.

KLA Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Corporation (NASDAQ:KLACFree Report).