This article first appeared on GuruFocus.
SOXX led ETF activity in Monday’s session, adding $157.6 million of KLA Corporation (KLAC) as funds bought a net $263.1 million of the stock. Forty-five ETFs were buyers against 21 sellers, with 163 holding steady. The buying followed two straight days of net selling, including $140.6 million on Nov. 6 and $8.2 million on Nov. 5. Before that, funds added $16.0 million on Nov. 4 and $52.4 million on Nov. 3.
See all ETF and guru trades in KLAC on its KLAC guru trades page.
Which ETFs bought KLAC on Monday?
The largest buyers by dollar value were SOXX ($157.6 million), QQQ ($22.0 million) and SPY ($13.1 million). In all, 45 ETFs added shares and 21 cut them.
SOXX accounted for the bulk of the move, raising its stake by 10.55% to 10,907,599 shares, with KLA at a 4.0% weight in the fund. QQQ added $22.0 million, SPY $13.1 million, TQQQ $7.5 million and QQQM $3.7 million, while SPYM, IYW and MTUM each added less than $3 million. KLA sits in the Technology sector, in the Semiconductor Equipment & Materials industry, with a market cap of $199.3 billion.
Have ETFs been buying or selling KLAC lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does KLAC do?
KLA Corporation is the world’s leading supplier of process control and yield management systems for semiconductor manufacturing. Its inspection and metrology tools find defects and measure critical dimensions on wafers, reticles, and masks throughout the chip fabrication process, enabling manufacturers to improve yields at leading-edge nodes where tolerances are measured in atoms.
KLA reported $14.50 billion in trailing-12-month revenue, up 17.1% over one year, with a 60.8% gross margin and a 36.3% net margin. Its P/E is 38.23, P/B 30.57 and P/S 13.88. The GF Score is 96, and GF Value of $124.21 compares with a price of $152.99. The dividend yield is 0.52%, and the stock is up 26.38% year to date.