Fjell Capital LLC Makes New $1.15 Million Investment in KLA Co. (NASDAQ:KLAC)

Fjell Capital LLC purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,825 shares of the semiconductor company’s stock, valued at approximately $1,150,000. KLA accounts for about 1.2% of Fjell Capital LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of KLAC. Mizuho Securities USA LLC grew its holdings 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 acquiring an additional 3,408,617 shares during the period. Van ECK Associates Corp grew its stake in shares of 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 purchasing an additional 286,015 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of KLA by 10,766.7% in the 3rd 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. 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 valued at $277,916,000 after purchasing an additional 201,649 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in KLA during the third quarter valued at approximately $128,482,000. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent research reports. Barclays upped 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. Needham & Company LLC boosted their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald upped their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $724.97 on Wednesday. The firm has a market cap of $96.34 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The business has a fifty day simple moving average of $711.58 and a 200 day simple moving average of $715.70.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 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.