Outlook Wealth Advisors LLC Acquires 107 Shares of KLA Co. (NASDAQ:KLAC)

Outlook Wealth Advisors LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 563 shares of the semiconductor company’s stock after purchasing an additional 107 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in KLA were worth $355,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC boosted its stake in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares during the period. International Assets Investment Management LLC increased its stake in KLA by 76,452.4% in the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the period. Van ECK Associates Corp grew its stake in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Up 4.3 %

KLAC opened at $747.26 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a market capitalization of $99.95 billion, a PE ratio of 34.12, a P/E/G ratio of 1.47 and a beta of 1.27. The business’s 50 day moving average price is $652.37 and its 200 day moving average price is $726.49. KLA Co. has a one year low of $552.85 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.74 EPS. As a group, equities research analysts expect that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Analyst Ratings Changes

Several brokerages have recently commented on KLAC. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 price target on the stock in a report on Monday. Wells Fargo & Company dropped their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Finally, TD Cowen lowered their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $809.10.

KLA Company Profile

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.