Delphi Management Inc. MA purchased a new stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,350 shares of the semiconductor company’s stock, valued at approximately $355,000.
Other hedge funds have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in KLA-Tencor by 300.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 750 shares in the last quarter. Sun Life Financial INC increased its holdings in KLA-Tencor by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,144 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in KLA-Tencor during the 3rd quarter valued at $148,000. Edge Advisors LLC increased its holdings in KLA-Tencor by 77.8% during the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 872 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in KLA-Tencor during the 3rd quarter valued at $212,000. 90.88% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Ahmad A. Khan sold 3,652 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $102.20, for a total value of $373,234.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the transaction, the director now owns 15,229 shares in the company, valued at $1,542,088.54. The disclosure for this sale can be found here. Insiders sold a total of 34,400 shares of company stock worth $3,585,084 over the last 90 days. 0.20% of the stock is owned by corporate insiders.
Shares of KLA-Tencor Corp (NASDAQ KLAC) opened at $103.87 on Thursday. The company has a market capitalization of $16,274.12, a price-to-earnings ratio of 15.78, a PEG ratio of 0.67 and a beta of 1.63. KLA-Tencor Corp has a 52 week low of $77.34 and a 52 week high of $110.00. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. sell-side analysts predict that KLA-Tencor Corp will post 7.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.27%. KLA-Tencor’s dividend payout ratio is currently 36.14%.
KLAC has been the subject of a number of recent analyst reports. Argus initiated coverage on KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target for the company. B. Riley reaffirmed a “buy” rating and set a $129.00 price target (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Stifel Nicolaus raised their price target on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $108.68.
KLA-Tencor Company Profile
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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