CENTRAL TRUST Co raised its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 34.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,869 shares of the semiconductor company’s stock after acquiring an additional 989 shares during the period. CENTRAL TRUST Co’s holdings in KLA-Tencor were worth $346,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Exane Asset Management purchased a new position in KLA-Tencor in the second quarter valued at approximately $165,000. Cerebellum GP LLC purchased a new position in KLA-Tencor in the third quarter valued at approximately $188,000. First Hawaiian Bank purchased a new position in KLA-Tencor in the third quarter valued at approximately $199,000. Vident Investment Advisory LLC purchased a new position in KLA-Tencor in the second quarter valued at approximately $225,000. Finally, Fox Run Management L.L.C. purchased a new position in KLA-Tencor in the third quarter valued at approximately $246,000. Institutional investors own 92.06% of the company’s stock.
Shares of KLAC opened at $94.03 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.69 and a current ratio of 3.45. The company has a market cap of $14.31 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a net margin of 22.05% and a return on equity of 93.99%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. Analysts anticipate that KLA-Tencor Corp will post 9.16 earnings per share for the current year.
In related news, EVP Teri A. Little sold 2,525 shares of the stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $95.00, for a total transaction of $239,875.00. Following the completion of the sale, the executive vice president now directly owns 7,127 shares of the company’s stock, valued at $677,065. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Virendra A. Kirloskar sold 632 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $93.74, for a total value of $59,243.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,540 shares of company stock worth $1,277,292. Insiders own 0.19% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research reiterated a “sell” rating on shares of KLA-Tencor in a research note on Tuesday, November 13th. BidaskClub lowered shares of KLA-Tencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Cowen set a $120.00 price target on shares of KLA-Tencor and gave the company an “outperform” rating in a research note on Tuesday, October 30th. B. Riley increased their price target on shares of KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, ValuEngine upgraded shares of KLA-Tencor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $129.54.
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KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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