Private Advisor Group LLC cut its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 32.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,749 shares of the semiconductor company’s stock after selling 1,329 shares during the quarter. Private Advisor Group LLC’s holdings in KLA-Tencor were worth $246,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Kempner Capital Management Inc. acquired a new stake in KLA-Tencor in the fourth quarter valued at about $3,488,000. Pensionfund Sabic acquired a new stake in KLA-Tencor in the fourth quarter valued at about $1,486,000. Country Club Trust Company n.a. boosted its stake in KLA-Tencor by 20.3% in the fourth quarter. Country Club Trust Company n.a. now owns 69,491 shares of the semiconductor company’s stock valued at $6,219,000 after buying an additional 11,709 shares in the last quarter. Federated Investors Inc. PA boosted its stake in KLA-Tencor by 40.4% in the third quarter. Federated Investors Inc. PA now owns 240,617 shares of the semiconductor company’s stock valued at $24,473,000 after buying an additional 69,239 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in KLA-Tencor by 26.3% in the fourth quarter. OLD National Bancorp IN now owns 27,500 shares of the semiconductor company’s stock valued at $2,461,000 after buying an additional 5,730 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Emiko Higashi sold 2,141 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total transaction of $251,417.63. Following the completion of the transaction, the director now directly owns 8,780 shares in the company, valued at $1,031,035.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 1,669 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.63, for a total value of $194,655.47. The disclosure for this sale can be found here. Insiders have sold 8,775 shares of company stock valued at $979,331 over the last 90 days. 0.19% of the stock is owned by corporate insiders.
KLA-Tencor stock opened at $117.19 on Friday. The company has a quick ratio of 2.35, a current ratio of 3.03 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.24 and a beta of 1.61. KLA-Tencor Corp has a 12 month low of $80.65 and a 12 month high of $122.46.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.97 earnings per share. On average, research analysts anticipate that KLA-Tencor Corp will post 8.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.56%. KLA-Tencor’s dividend payout ratio (DPR) is 37.50%.
Several research firms have commented on KLAC. Cowen reiterated an “outperform” rating and issued a $140.00 target price (up from $130.00) on shares of KLA-Tencor in a research report on Thursday, March 7th. BidaskClub upgraded KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Stifel Nicolaus increased their target price on KLA-Tencor from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Deutsche Bank increased their target price on KLA-Tencor from $105.00 to $115.00 and gave the company a “hold” rating in a research report on Monday, February 25th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $130.92.
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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