Burns Matteson Capital Management LLC Makes New $425,000 Investment in KLA Corporation $KLAC

Burns Matteson Capital Management LLC acquired a new position in shares of KLA Corporation (NASDAQ:KLAC) in the 3rd quarter, HoldingsChannel reports. The fund acquired 394 shares of the semiconductor company’s stock, valued at approximately $425,000.

A number of other institutional investors also recently modified their holdings of KLAC. Canandaigua National Bank & Trust Co. boosted its stake in KLA by 1.2% during the third quarter. Canandaigua National Bank & Trust Co. now owns 836 shares of the semiconductor company’s stock worth $902,000 after acquiring an additional 10 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of KLA by 1.1% during the second quarter. Valeo Financial Advisors LLC now owns 1,224 shares of the semiconductor company’s stock valued at $1,096,000 after purchasing an additional 13 shares during the period. MAI Capital Management raised its holdings in shares of KLA by 1.0% during the first quarter. MAI Capital Management now owns 1,365 shares of the semiconductor company’s stock valued at $928,000 after purchasing an additional 14 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in shares of KLA by 1.2% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,212 shares of the semiconductor company’s stock worth $824,000 after purchasing an additional 14 shares in the last quarter. Finally, Monetary Management Group Inc. grew its stake in shares of 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 during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Rothschild & Co Redburn upped their price target on KLA from $1,100.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their target price on KLA from $1,070.00 to $1,485.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Susquehanna increased their target price on KLA from $745.00 to $1,125.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KLA from $1,200.00 to $1,250.00 and gave the company a “hold” rating in a research note on Friday, December 19th. Finally, Berenberg Bank raised their price objective on shares of KLA from $1,010.00 to $1,460.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,275.54.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $1,279.60 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.88 and a debt-to-equity ratio of 1.18. The stock has a market cap 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 stock’s fifty day simple moving average is $1,194.89 and its two-hundred day simple moving average is $1,030.85. KLA Corporation has a 1-year low of $551.33 and a 1-year high of $1,286.81.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 EPS for the quarter, beating the consensus estimate of $8.47 by $0.34. KLA had a net margin of 33.83% and a return on equity of 107.26%. The company 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 for the quarter was up 13.0% on a year-over-year basis. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. As a group, analysts forecast that KLA Corporation will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given 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 dividend yield of 0.6%. KLA’s dividend payout ratio (DPR) is currently 23.86%.

Insider Buying and Selling

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

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.