Fox Run Management L.L.C. Takes $481,000 Position in KLA Co. (NASDAQ:KLAC)

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

Other institutional investors also recently modified their holdings of the company. Parnassus Investments LLC increased its holdings in shares of KLA by 381.3% in the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock worth $462,085,000 after buying an additional 580,967 shares during the last quarter. Proficio Capital Partners LLC grew its position in KLA by 114,444.5% in the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock worth $215,809,000 after acquiring an additional 342,189 shares in the last quarter. Two Sigma Advisers LP increased 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 valued at $176,720,000 after acquiring an additional 226,100 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in KLA during the fourth quarter valued at about $142,221,000. Finally, Assenagon Asset Management S.A. lifted its stake in KLA by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after purchasing an additional 201,649 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Stifel Nicolaus upped their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $830.67.

KLA Price Performance

Shares of KLA stock opened at $721.85 on Wednesday. The company has a market cap of $95.92 billion, a PE ratio of 30.36, a P/E/G ratio of 1.57 and a beta of 1.30. The business has a 50 day moving average of $730.67 and a 200 day moving average of $703.37. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. As a group, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently announced 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. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.94%. KLA’s dividend payout ratio (DPR) is 28.60%.

About KLA

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.