764 Shares in KLA Co. (NASDAQ:KLAC) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 764 shares of the semiconductor company’s stock, valued at approximately $481,000.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the third quarter valued at approximately $29,000. Tortoise Investment Management LLC increased its position in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new position in KLA during the fourth quarter valued at $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in KLA during the fourth quarter valued at $32,000. Finally, Groupama Asset Managment boosted its holdings in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $721.85 on Wednesday. The firm’s 50 day moving average price is $730.67 and its 200-day moving average price is $703.37. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $95.92 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays raised their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group increased their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

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.