Shoker Investment Counsel Inc. reduced its position in KLA-Tencor (NASDAQ:KLAC) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,657 shares of the semiconductor company’s stock after selling 1,160 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in KLA-Tencor were worth $398,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of KLA-Tencor by 0.8% in the fourth quarter. BlackRock Inc. now owns 11,446,967 shares of the semiconductor company’s stock valued at $1,202,732,000 after acquiring an additional 95,284 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of KLA-Tencor by 11.1% in the fourth quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock valued at $229,185,000 after acquiring an additional 218,032 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of KLA-Tencor by 5.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,536,111 shares of the semiconductor company’s stock valued at $161,399,000 after acquiring an additional 74,264 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of KLA-Tencor by 87.4% in the fourth quarter. Two Sigma Advisers LP now owns 1,512,896 shares of the semiconductor company’s stock valued at $158,960,000 after acquiring an additional 705,464 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of KLA-Tencor by 3.2% in the fourth quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock valued at $138,902,000 after acquiring an additional 40,512 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
In other news, CFO Bren D. Higgins sold 854 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $112.92, for a total transaction of $96,433.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.
Several equities analysts have issued reports on the company. Citigroup lifted their target price on KLA-Tencor from $122.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, April 30th. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. Cowen assumed coverage on KLA-Tencor in a research note on Monday, May 14th. They issued an “outperform” rating and a $140.00 target price on the stock. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a research note on Monday, April 30th. Finally, Susquehanna Bancshares upgraded KLA-Tencor from a “negative” rating to a “neutral” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $127.93.
Shares of KLAC stock opened at $109.39 on Monday. KLA-Tencor has a fifty-two week low of $87.93 and a fifty-two week high of $123.96. The stock has a market cap of $17.05 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.85 and a beta of 1.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.07 and a current ratio of 3.78.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $2.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.03. KLA-Tencor had a return on equity of 86.87% and a net margin of 18.17%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. sell-side analysts predict that KLA-Tencor will post 7.93 EPS for the current year.
KLA-Tencor announced that its Board of Directors has authorized a share buyback program on Monday, March 19th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
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