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In a recent transaction, Bren D. Higgins, the Executive Vice President and Chief Financial Officer of KLA Corp (NASDAQ:KLAC), sold a significant portion of the company’s common stock. According to the SEC filing, Higgins sold 7,008 shares on March 25, 2025, at a price of $724.62 per share. The total value of the transaction amounted to approximately $5.08 million. The sale comes as KLA trades near its Fair Value according to InvestingPro analysis, with the stock showing a strong financial health score of 2.91 out of 5.
This sale was conducted under a pre-established Rule 10b5-1 trading plan, which Higgins adopted on April 30, 2024. Following the transaction, Higgins retains ownership of 28,797.539 shares of KLA Corp, including 22,564.052 shares that are issuable upon the vesting of restricted stock units. The company maintains strong fundamentals, with 21 analysts recently revising earnings upward and a consistent track record of dividend payments for 21 consecutive years.
KLA Corp, headquartered in Milpitas, California, is a prominent player in the optical instruments and lenses industry. The company continues to be a significant entity in the industrial applications and services sector, boasting impressive margins with a gross profit margin of nearly 60% and strong returns on equity of 97%. For deeper insights into KLA’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, KLA Corporation reported robust financial results for the fourth quarter of 2024, surpassing analysts’ expectations with earnings per share (EPS) of $8.20 and revenue of $3.08 billion, both exceeding projections. Despite these strong results, the company’s stock saw a slight decline. Citi analysts responded positively by raising their price target for KLA Corporation shares to $910 from $832, maintaining a Buy rating due to improved product development cycles. Analysts have also increased their EPS forecasts for 2025 and 2026 by 13% and 14%, respectively, based on anticipated earnings growth.
Meanwhile, Lam Research (NASDAQ:LRCX) introduced two new tools to enhance AI chip production, aiming to meet the rising demand for semiconductors. The ALTUS Halo deposition tool and Akara etching tool are expected to position Lam Research competitively among leading suppliers like Applied Materials (NASDAQ:AMAT) and ASML (AS:ASML). Lam Research had previously forecasted third-quarter revenue exceeding market expectations, reflecting strong demand from chip manufacturers. These developments highlight the dynamic shifts in the semiconductor equipment industry, driven by technological advancements and increased demand for AI-related technologies.
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