Bank OZK Acquires 4,618 Shares of KLA Corporation $KLAC

by · The Markets Daily

Bank OZK grew its holdings in shares of KLA Corporation (NASDAQ:KLAC – Free Report) by 788.1% in the second quarter, Holdings Channel reports. The institutional investor owned 5,204 shares of the semiconductor company’s stock after acquiring an additional 4,618 shares during the period. Bank OZK’s holdings in KLA were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Monetary Management Group Inc. increased its holdings in KLA by 0.4% during the 2nd quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock worth $3,380,000 after purchasing an additional 15 shares in the last quarter. Tandem Wealth Advisors LLC lifted its holdings in shares of KLA by 1.6% in the second quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock valued at $934,000 after purchasing an additional 16 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of KLA during the second quarter valued at approximately $90,000. Captrust Financial Advisors grew its holdings in KLA by 13.8% during the second quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock worth $4,584,000 after buying an additional 619 shares in the last quarter. Finally, Seven Mile Advisory bought a new stake in KLA during the third quarter worth $444,000. 86.65% of the stock is owned by institutional investors.

Insider Transactions at KLA

In other news, EVP Brian Lorig sold 59,586 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 77,681 shares of the company’s stock, valued at $16,167,746.53. This represents a 43.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Virendra A. Kirloskar sold 4,504 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total transaction of $880,532.00. Following the sale, the chief accounting officer owned 7,972 shares of the company’s stock, valued at approximately $1,558,526. The trade was a 36.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 258,533 shares of company stock valued at $55,977,470. Corporate insiders own 91.48% of the company’s stock.

KLA Stock Performance

NASDAQ:KLAC traded up $3.38 during trading on Tuesday, reaching $188.98. The company’s stock had a trading volume of 12,400,449 shares, compared to its average volume of 11,358,996. KLA Corporation has a 12 month low of $91.02 and a 12 month high of $307.37. The firm has a market cap of $246.91 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. The firm has a 50 day moving average of $203.64 and a 200-day moving average of $189.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88.

KLA (NASDAQ:KLAC – Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Research analysts expect that KLA Corporation will post 5.42 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.23 dividend. This is a positive change from KLA’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. KLA’s payout ratio is presently 25.07%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KLAC. Stifel Nicolaus set a $250.00 price objective on shares of KLA and gave the stock a “buy” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of KLA from $200.00 to $238.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $195.00 price target (down from $220.00) on shares of KLA in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $253.00 price objective on shares of KLA in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 price objective on shares of KLA in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $222.22.

Get Our Latest Stock Report on KLA

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.

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