Candriam Luxembourg S.C.A. increased its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 70.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,486 shares of the semiconductor company’s stock after purchasing an additional 40,644 shares during the period. Candriam Luxembourg S.C.A. owned 0.06% of KLA-Tencor worth $10,736,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Two Sigma Advisers LP grew its position in KLA-Tencor by 87.4% during 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 during the period. Schroder Investment Management Group lifted its stake in shares of KLA-Tencor by 176.2% during the fourth quarter. Schroder Investment Management Group now owns 724,904 shares of the semiconductor company’s stock worth $76,165,000 after purchasing an additional 462,404 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of KLA-Tencor by 75.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 980,219 shares of the semiconductor company’s stock worth $106,854,000 after purchasing an additional 422,358 shares in the last quarter. LSV Asset Management lifted its stake in shares of KLA-Tencor by 41.0% during the fourth quarter. LSV Asset Management now owns 1,097,550 shares of the semiconductor company’s stock worth $115,319,000 after purchasing an additional 319,232 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of KLA-Tencor by 66.9% during the fourth quarter. APG Asset Management N.V. now owns 736,853 shares of the semiconductor company’s stock worth $64,475,000 after purchasing an additional 295,248 shares in the last quarter. 91.12% of the stock is owned by institutional investors and hedge funds.
KLA-Tencor traded up $0.16, hitting $113.12, during midday trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 1,039,029 shares, compared to its average volume of 1,467,518. The company has a quick ratio of 3.07, a current ratio of 3.78 and a debt-to-equity ratio of 1.80. The firm has a market cap of $17.53 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.87 and a beta of 1.52. KLA-Tencor Corp has a 12 month low of $87.93 and a 12 month high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.03. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. KLA-Tencor had a return on equity of 86.87% and a net margin of 18.17%. KLA-Tencor’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. equities research analysts anticipate that KLA-Tencor Corp will post 7.94 earnings per share for the current year.
KLA-Tencor announced that its Board of Directors has authorized a stock buyback plan on Monday, March 19th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
KLAC has been the topic of a number of recent research reports. Citigroup upgraded KLA-Tencor from a “neutral” rating to a “buy” rating and set a $112.00 price objective on the stock in a research note on Thursday, February 15th. UBS Group upgraded KLA-Tencor to a “neutral” rating in a research note on Thursday, February 22nd. Susquehanna Bancshares upgraded KLA-Tencor from a “negative” rating to a “neutral” rating in a research note on Thursday, February 22nd. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Argus cut their price target on KLA-Tencor from $135.00 to $115.98 and set a “buy” rating on the stock in a research note on Tuesday, March 20th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. KLA-Tencor currently has an average rating of “Buy” and an average target price of $127.53.
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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