Proficio Capital Partners LLC Raises Holdings in KLA Co. (NASDAQ:KLAC)

Proficio Capital Partners LLC grew its position in shares of KLA Co. (NASDAQ:KLAC) by 114,444.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 342,488 shares of the semiconductor company’s stock after purchasing an additional 342,189 shares during the quarter. Proficio Capital Partners LLC owned approximately 0.26% of KLA worth $215,809,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in shares of KLA during the third quarter worth about $38,000. FSA Wealth Management LLC purchased a new position in shares of KLA during the third quarter worth about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA during the fourth quarter worth about $43,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of KLA during the third quarter worth about $56,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.9 %

KLAC stock opened at $738.52 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock has a market capitalization of $98.14 billion, a P/E ratio of 31.06, a PEG ratio of 1.57 and a beta of 1.28. The company has a 50 day moving average price of $713.74 and a two-hundred day moving average price of $715.86. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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, sell-side analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. KLA’s payout ratio is 28.60%.

Analysts Set New Price Targets

KLAC has been the topic of a number of research reports. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Barclays raised their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Susquehanna raised their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC raised their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.