Strategy Asset Managers LLC lessened its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 86.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the semiconductor company’s stock after selling 31,394 shares during the quarter. Strategy Asset Managers LLC’s holdings in KLA-Tencor Corporation were worth $500,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of KLA-Tencor Corporation by 62.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 236,063 shares of the semiconductor company’s stock valued at $25,023,000 after acquiring an additional 90,427 shares during the period. Toronto Dominion Bank increased its stake in shares of KLA-Tencor Corporation by 12.0% during the third quarter. Toronto Dominion Bank now owns 59,489 shares of the semiconductor company’s stock valued at $6,306,000 after acquiring an additional 6,384 shares during the period. New York State Common Retirement Fund increased its stake in shares of KLA-Tencor Corporation by 2.1% during the third quarter. New York State Common Retirement Fund now owns 361,000 shares of the semiconductor company’s stock valued at $38,266,000 after acquiring an additional 7,500 shares during the period. Candriam Luxembourg S.C.A. increased its stake in shares of KLA-Tencor Corporation by 62.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 75,999 shares of the semiconductor company’s stock valued at $8,056,000 after acquiring an additional 29,306 shares during the period. Finally, Hennessy Advisors Inc. increased its stake in shares of KLA-Tencor Corporation by 4.3% during the third quarter. Hennessy Advisors Inc. now owns 23,993 shares of the semiconductor company’s stock valued at $2,543,000 after acquiring an additional 981 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
KLA-Tencor Corporation (KLAC) traded down $0.51 during mid-day trading on Tuesday, hitting $101.93. 2,259,000 shares of the company traded hands, compared to its average volume of 1,221,520. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. KLA-Tencor Corporation has a 1-year low of $74.66 and a 1-year high of $110.00. The firm has a market cap of $15,920.00, a price-to-earnings ratio of 15.57 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. sell-side analysts anticipate that KLA-Tencor Corporation will post 7.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.32%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 36.20%.
A number of research analysts recently commented on KLAC shares. Stifel Nicolaus upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $103.00 to $106.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, September 1st. Credit Suisse Group set a $115.00 price target on shares of KLA-Tencor Corporation and gave the stock a “buy” rating in a research report on Saturday, July 29th. B. Riley restated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, July 28th. Finally, J P Morgan Chase & Co restated a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.51.
In related news, insider Bobby R. Bell sold 3,526 shares of KLA-Tencor Corporation stock in a transaction on Monday, August 21st. The shares were sold at an average price of $89.93, for a total value of $317,093.18. Following the transaction, the insider now owns 9,633 shares in the company, valued at approximately $866,295.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teri A. Little sold 1,000 shares of KLA-Tencor Corporation stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $91.50, for a total transaction of $91,500.00. Following the completion of the transaction, the executive vice president now owns 9,634 shares in the company, valued at approximately $881,511. The disclosure for this sale can be found here. Insiders sold a total of 26,786 shares of company stock worth $2,654,063 in the last quarter. Insiders own 0.20% of the company’s stock.
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About KLA-Tencor Corporation
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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