Outlook Wealth Advisors LLC Purchases Shares of 447 KLA Co. (NASDAQ:KLAC)

Outlook Wealth Advisors LLC purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 447 shares of the semiconductor company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of KLA by 0.8% in the first quarter. State Street Corp now owns 5,733,533 shares of the semiconductor company’s stock worth $2,288,651,000 after acquiring an additional 47,838 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of KLA by 6.4% in the third quarter. Wellington Management Group LLP now owns 3,159,498 shares of the semiconductor company’s stock worth $1,449,135,000 after acquiring an additional 190,355 shares during the last quarter. Geode Capital Management LLC boosted its stake in KLA by 10.4% during the first quarter. Geode Capital Management LLC now owns 2,844,959 shares of the semiconductor company’s stock worth $1,133,396,000 after buying an additional 268,104 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in KLA by 22.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,074,884 shares of the semiconductor company’s stock worth $759,532,000 after buying an additional 385,420 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in KLA by 3.5% during the third quarter. Northern Trust Corp now owns 1,598,677 shares of the semiconductor company’s stock worth $733,249,000 after buying an additional 54,472 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of KLA from $500.00 to $550.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. New Street Research initiated coverage on shares of KLA in a research note on Monday, December 18th. They set a “buy” rating and a $730.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Wells Fargo & Company lifted their price objective on KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on KLA in a report on Thursday. They set a “buy” rating and a $800.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $671.84.

Insider Buying and Selling

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

KLA Price Performance

Shares of KLA stock traded down $19.83 during trading on Friday, reaching $680.78. The company’s stock had a trading volume of 810,828 shares, compared to its average volume of 795,786. The stock has a 50-day moving average price of $680.01 and a two-hundred day moving average price of $586.58. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69. KLA Co. has a one year low of $355.88 and a one year high of $729.15. The stock has a market capitalization of $92.06 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 3.31 and a beta of 1.34.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. KLA had a return on equity of 107.56% and a net margin of 27.98%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the business posted $7.38 earnings per share. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that KLA Co. will post 22.65 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a $1.45 dividend. The ex-dividend date was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.85%. KLA’s payout ratio is 29.46%.

KLA Company 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.