Outlook Wealth Advisors LLC Raises Position in KLA Co. (NASDAQ:KLAC)

by · The Cerbat Gem

Outlook Wealth Advisors LLC boosted its position in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456 shares of the semiconductor company’s stock after buying an additional 28 shares during the period. Outlook Wealth Advisors LLC’s holdings in KLA were worth $353,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in KLA during the second quarter worth about $30,000. Cedar Wealth Management LLC grew its position in shares of KLA by 77.3% in the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of KLA in the second quarter valued at approximately $44,000. LRI Investments LLC purchased a new position in KLA during the first quarter worth approximately $46,000. Finally, Olistico Wealth LLC acquired a new position in KLA during the second quarter worth $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Transactions at KLA

In related news, CEO Richard P. Wallace sold 17,437 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares of the company’s stock, valued at $74,257,998.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $652.17, for a total value of $1,702,815.87. Following the completion of the sale, the executive vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,873 shares of company stock worth $14,532,193. Company insiders own 0.12% of the company’s stock.

KLA Price Performance

Shares of KLAC opened at $673.07 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. KLA Co. has a fifty-two week low of $452.01 and a fifty-two week high of $896.32. The firm has a 50-day simple moving average of $757.70 and a 200-day simple moving average of $763.21. The company has a market capitalization of $90.18 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27.

KLA (NASDAQ:KLAC – Get Free Report) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $5.40 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that KLA Co. will post 29.07 earnings per share for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.86%. KLA’s payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KLAC. Oppenheimer started coverage on KLA in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $750.00 target price for the company. Evercore ISI boosted their target price on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. TD Cowen raised their price target on shares of KLA from $700.00 to $760.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus increased their price objective on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average price target of $804.57.

View Our Latest Stock Analysis on KLAC

KLA Company Profile

(Free Report)

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.

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