Rhumbline Advisers increased its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 314,626 shares of the semiconductor company’s stock after purchasing an additional 1,776 shares during the quarter. Rhumbline Advisers’ holdings in KLA-Tencor were worth $33,058,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of KLAC. Ameriprise Financial Inc. lifted its holdings in shares of KLA-Tencor by 375.7% during the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock worth $118,799,000 after buying an additional 885,147 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of KLA-Tencor by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock worth $259,075,000 after buying an additional 770,480 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of KLA-Tencor by 9,592.9% during the third quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock worth $67,668,000 after buying an additional 631,791 shares during the last quarter. LSV Asset Management lifted its holdings in shares of KLA-Tencor by 41.0% during the fourth quarter. LSV Asset Management now owns 1,097,550 shares of the semiconductor company’s stock worth $115,319,000 after buying an additional 319,232 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of KLA-Tencor by 66.9% during the fourth quarter. APG Asset Management N.V. now owns 736,853 shares of the semiconductor company’s stock worth $64,475,000 after buying an additional 295,248 shares during the last quarter. Institutional investors own 90.65% of the company’s stock.
In other KLA-Tencor news, insider Richard P. Wallace sold 13,299 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the sale, the insider now directly owns 43,442 shares in the company, valued at $4,782,964.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ahmad A. Khan sold 2,975 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The disclosure for this sale can be found here. Insiders sold 23,091 shares of company stock worth $2,533,647 over the last quarter. Company insiders own 0.20% of the company’s stock.
A number of brokerages have recently commented on KLAC. Stifel Nicolaus upped their price target on KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. B. Riley restated a “buy” rating and issued a $142.00 target price (up from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. KeyCorp upped their target price on KLA-Tencor from $134.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Needham & Company LLC upped their target price on KLA-Tencor from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. KLA-Tencor presently has a consensus rating of “Buy” and an average target price of $120.57.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $110.55 on Wednesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. The company has a market capitalization of $16,839.79, a price-to-earnings ratio of 15.29 and a beta of 1.53. KLA-Tencor Corp has a 12 month low of $87.93 and a 12 month high of $121.65.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The firm had revenue of $975.82 million for the quarter, compared to analysts’ expectations of $968.00 million. During the same period in the prior year, the business posted $1.52 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. research analysts predict that KLA-Tencor Corp will post 7.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.71%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio is 56.87%.
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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