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Richard P. Wallace, President and CEO of KLA Corp (NASDAQ:KLAC), sold 10,803 shares of common stock on November 11, 2025, at a price of $1203.1, totaling approximately $13 million. The transaction comes as KLA’s stock has delivered an impressive 87.8% return over the past year, with the company maintaining a robust market capitalization of $152.28 billion.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 1, 2024. Following the sale, Wallace directly owns 81,211.008 shares of KLA Corp, which includes 57,511.168 shares issuable upon vesting of restricted stock units. InvestingPro data shows KLA boasts a perfect Piotroski Score of 9, indicating exceptional financial strength, and has maintained dividend payments for 21 consecutive years with 10 years of consecutive increases.
On the same day, Wallace also gifted 804 shares of common stock. According to InvestingPro analysis, KLA is currently trading slightly above its Fair Value with a P/E ratio of 36.36. Investors can access KLA’s comprehensive Pro Research Report, one of 1,400+ deep-dive analyses available on the platform, for more insights on this semiconductor industry leader.
In other recent news, KLA Corporation reported impressive financial results for its first fiscal quarter of 2026. The company exceeded analysts’ expectations with earnings per share of $8.81, surpassing the anticipated $8.60. Additionally, KLA reported revenue of $3.21 billion, outperforming the projected $3.17 billion. These results have drawn attention from analysts, with TD Cowen raising its price target for KLA from $900 to $1,300, citing the company’s strong performance and potential to outperform wafer fabrication equipment growth. Stifel also increased its price target to $1,260 from $1,050, maintaining a Buy rating and highlighting KLA’s positive growth outlook. Furthermore, KLA announced a quarterly cash dividend of $1.90 per share, payable on December 2, 2025, to shareholders of record as of November 17, 2025. These developments underscore KLA’s robust financial health and the confidence analysts have in its future performance.
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