Clearbridge Investments LLC reduced its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 543,544 shares of the semiconductor company’s stock after selling 8,369 shares during the quarter. Clearbridge Investments LLC owned 0.35% of KLA-Tencor worth $57,110,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in KLAC. Brandywine Global Investment Management LLC increased its holdings in KLA-Tencor by 8.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 135,427 shares of the semiconductor company’s stock worth $14,230,000 after purchasing an additional 10,293 shares during the last quarter. Jefferies Group LLC increased its holdings in KLA-Tencor by 28.5% during the 4th quarter. Jefferies Group LLC now owns 45,441 shares of the semiconductor company’s stock worth $4,774,000 after purchasing an additional 10,088 shares during the last quarter. Advisor Group Inc. increased its holdings in KLA-Tencor by 96.1% during the 4th quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 951 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in KLA-Tencor during the 4th quarter worth approximately $5,904,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in KLA-Tencor by 37.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 46,554 shares of the semiconductor company’s stock worth $4,892,000 after purchasing an additional 12,669 shares during the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.
In related news, EVP Ahmad A. Khan sold 2,975 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $99.71, for a total transaction of $296,637.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $105.84, for a total value of $52,920.00. Following the transaction, the director now owns 15,131 shares of the company’s stock, valued at approximately $1,601,465.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,445 shares of company stock valued at $2,579,450. Insiders own 0.20% of the company’s stock.
Several equities research analysts have issued reports on KLAC shares. Needham & Company LLC downgraded KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price objective on the stock. in a report on Monday, January 8th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Wednesday, December 27th. Argus started coverage on KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price objective on the stock. Stifel Nicolaus lifted their price objective on KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $120.57.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $120.48 on Wednesday. The company has a market capitalization of $19,168.73, a P/E ratio of 17.41 and a beta of 1.43. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. KLA-Tencor Corp has a 12-month low of $87.93 and a 12-month high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.73 by $0.24. The company had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. research analysts expect that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a $0.75 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 annualized dividend and a dividend yield of 2.49%. KLA-Tencor’s dividend payout ratio (DPR) is presently 56.87%.
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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