Goldman Sachs Group Inc. increased its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010,152 shares of the semiconductor company’s stock after acquiring an additional 49,236 shares during the period. Goldman Sachs Group Inc. owned approximately 0.64% of KLA-Tencor worth $106,137,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in KLAC. Ameriprise Financial Inc. lifted its position in shares of KLA-Tencor by 375.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after acquiring an additional 885,147 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of KLA-Tencor by 9,592.9% in the 3rd quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock valued at $67,668,000 after acquiring an additional 631,791 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of KLA-Tencor by 176.2% in the 4th quarter. Schroder Investment Management Group now owns 724,904 shares of the semiconductor company’s stock valued at $76,165,000 after acquiring an additional 462,404 shares in the last quarter. LSV Asset Management lifted its position in shares of KLA-Tencor by 41.0% in the 4th quarter. LSV Asset Management now owns 1,097,550 shares of the semiconductor company’s stock valued at $115,319,000 after acquiring an additional 319,232 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of KLA-Tencor by 66.9% in the 4th quarter. APG Asset Management N.V. now owns 736,853 shares of the semiconductor company’s stock valued at $64,475,000 after acquiring an additional 295,248 shares in the last quarter. 91.26% of the stock is owned by institutional investors and hedge funds.
In other news, insider Richard P. Wallace sold 13,299 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the transaction, the insider now owns 43,442 shares in the company, valued at approximately $4,782,964.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Emiko Higashi sold 500 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total transaction of $52,920.00. Following the transaction, the director now owns 15,131 shares in the company, valued at approximately $1,601,465.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,445 shares of company stock worth $2,579,450. 0.20% of the stock is currently owned by company insiders.
KLAC has been the subject of several research analyst reports. KeyCorp upgraded shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price target for the company in a research report on Monday, December 18th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Wednesday, December 27th. Credit Suisse Group restated an “outperform” rating and issued a $134.00 price target (up previously from $124.00) on shares of KLA-Tencor in a research report on Monday, January 29th. Needham & Company LLC downgraded shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target for the company. in a research report on Monday, January 8th. Finally, Stifel Nicolaus increased their target price on shares of KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $120.57.
Shares of KLA-Tencor Corp (NASDAQ KLAC) opened at $120.48 on Wednesday. KLA-Tencor Corp has a 12-month low of $87.93 and a 12-month high of $123.96. The stock has a market cap 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 (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The company had revenue of $975.82 million for the quarter, compared to analyst estimates of $968.00 million. During the same quarter in the prior year, the business posted $1.52 EPS. KLA-Tencor’s quarterly revenue was up 11.3% on a year-over-year basis. equities analysts expect that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.75 per share. 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 is 56.87%.
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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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