Outlook Wealth Advisors LLC Purchases 96 Shares of KLA Co. (NASDAQ:KLAC)

Outlook Wealth Advisors LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 543 shares of the semiconductor company’s stock after acquiring an additional 96 shares during the period. Outlook Wealth Advisors LLC’s holdings in KLA were worth $379,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KLAC. Norges Bank purchased a new position in KLA in the 4th quarter worth $1,048,728,000. Alkeon Capital Management LLC grew its stake in shares of KLA by 52.8% during the third quarter. Alkeon Capital Management LLC now owns 1,156,913 shares of the semiconductor company’s stock valued at $530,630,000 after buying an additional 400,000 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of KLA by 12.2% in the fourth quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock worth $2,061,469,000 after buying an additional 386,810 shares during the period. TD Asset Management Inc lifted its stake in shares of KLA by 43.4% in the 4th quarter. TD Asset Management Inc now owns 997,778 shares of the semiconductor company’s stock valued at $580,008,000 after acquiring an additional 301,848 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in KLA by 6,309.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 250,147 shares of the semiconductor company’s stock valued at $145,410,000 after acquiring an additional 246,244 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on KLAC. Cantor Fitzgerald lifted their price target on KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Bank of America upped their price target on shares of KLA from $740.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Barclays raised their price target on shares of KLA from $550.00 to $630.00 and gave the stock an “underweight” rating in a report on Friday. Susquehanna reaffirmed a “neutral” rating and set a $675.00 price objective on shares of KLA in a research note on Monday, April 1st. Finally, Stifel Nicolaus raised their target price on KLA from $685.00 to $760.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $720.42.

KLA Stock Up 4.9 %

Shares of NASDAQ:KLAC traded up $33.31 during midday trading on Friday, reaching $706.26. The company’s stock had a trading volume of 1,193,523 shares, compared to its average volume of 821,545. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69. The firm has a 50 day moving average of $685.41 and a 200-day moving average of $599.79. The firm has a market capitalization of $95.51 billion, a P/E ratio of 37.00, a PEG ratio of 3.36 and a beta of 1.34. KLA Co. has a 12-month low of $369.00 and a 12-month high of $729.15.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating the consensus estimate of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 103.31%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm posted $5.49 EPS. KLA’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts anticipate that KLA Co. will post 22.61 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio is presently 30.38%.

Insider Activity at KLA

In related news, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the sale, the chief financial officer now directly owns 32,375 shares in the company, valued at approximately $22,825,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

KLA Profile

KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection.