This article first appeared on GuruFocus.
ETF flows turned positive for KLA Corporation (KLAC) after two straight days of net selling, with $116.1 million in net buying in Monday’s session. Forty ETFs added shares while 19 trimmed positions. The move follows net outflows of $2.1 million on Oct. 16 and $52.8 million on Oct. 15, and a $102.9 million inflow on Oct. 13. The buying streak now stands at one day.
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 ($53.9 million), QQQ ($46.5 million) and XLK ($6.1 million). In all, 40 ETFs added shares and 19 cut them.
SOXX led the buying with a $53.9 million increase, lifting its stake by 3.45% to 9,710,042 shares, or 3.84% of its portfolio. QQQ added $46.5 million, and XLK added $6.1 million. Smaller additions came from QLD, QQQM, SOXQ, XVV and MTUM. KLA operates in the Technology sector’s Semiconductor Equipment & Materials industry and carries a market cap of $211.1 billion.
Have ETFs been buying or selling KLAC lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
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 trailing 12-month revenue of $13.57 billion, up 13.2% over one year, with gross margin of 60.1% and net margin of 35.6%. Its P/E is 44.09, P/B 33.29 and P/S 15.72. The GF Score is 93, and GF Value of $115.08 compares with a price of $161.74. Dividend yield is 0.53% and the stock is up 33.6% year to date.