Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 7.7% during the 1st quarter, Holdings Channel reports. The firm owned 645,132 shares of the semiconductor company’s stock after acquiring an additional 46,072 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in KLA-Tencor were worth $77,035,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of KLAC. American International Group Inc. grew its holdings in KLA-Tencor by 2,121.4% during the 4th quarter. American International Group Inc. now owns 4,417,470 shares of the semiconductor company’s stock valued at $395,319,000 after purchasing an additional 4,218,609 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in KLA-Tencor by 9,077.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 3,668,943 shares during the period. Norges Bank purchased a new stake in KLA-Tencor in the 4th quarter valued at about $157,620,000. FMR LLC boosted its position in KLA-Tencor by 91.1% in the 4th quarter. FMR LLC now owns 2,103,482 shares of the semiconductor company’s stock valued at $188,240,000 after buying an additional 1,002,949 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its position in KLA-Tencor by 69.2% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,452,622 shares of the semiconductor company’s stock valued at $9,525,000 after buying an additional 594,056 shares during the period. Institutional investors own 88.03% of the company’s stock.
Shares of KLAC traded down $0.05 during mid-day trading on Friday, hitting $104.48. The company’s stock had a trading volume of 239,651 shares, compared to its average volume of 1,601,513. KLA-Tencor Corp has a 52-week low of $80.65 and a 52-week high of $129.03. The stock has a market capitalization of $17.27 billion, a PE ratio of 13.06, a PEG ratio of 1.15 and a beta of 1.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $2.02 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that KLA-Tencor Corp will post 8.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be given a $0.75 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.87%. KLA-Tencor’s payout ratio is presently 37.50%.
In other KLA-Tencor news, EVP Ahmad A. Khan sold 3,633 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total transaction of $422,336.25. Following the transaction, the executive vice president now owns 549 shares in the company, valued at approximately $63,821.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $110.38, for a total transaction of $165,570.00. Following the transaction, the executive vice president now owns 5,517 shares in the company, valued at approximately $608,966.46. The disclosure for this sale can be found here. Insiders sold a total of 8,943 shares of company stock valued at $1,033,979 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.
Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of KLA-Tencor from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. Cowen reissued an “outperform” rating and issued a $145.00 price objective (up from $140.00) on shares of KLA-Tencor in a research report on Tuesday, May 7th. KeyCorp boosted their price objective on shares of KLA-Tencor from $143.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Finally, BidaskClub cut shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $133.36.
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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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