IBM Retirement Fund boosted its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 65.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,831 shares of the semiconductor company’s stock after acquiring an additional 1,509 shares during the quarter. IBM Retirement Fund’s holdings in KLA-Tencor Corporation were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of KLAC. Thrivent Financial For Lutherans boosted its holdings in KLA-Tencor Corporation by 7.9% in the first quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock valued at $545,000 after acquiring an additional 420 shares during the last quarter. Creative Planning boosted its holdings in KLA-Tencor Corporation by 4.0% in the second quarter. Creative Planning now owns 4,556 shares of the semiconductor company’s stock valued at $417,000 after acquiring an additional 176 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in KLA-Tencor Corporation by 24.9% in the second quarter. Meeder Asset Management Inc. now owns 7,920 shares of the semiconductor company’s stock valued at $725,000 after acquiring an additional 1,579 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in KLA-Tencor Corporation by 509.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,443 shares of the semiconductor company’s stock valued at $2,328,000 after acquiring an additional 21,265 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in KLA-Tencor Corporation by 24.6% in the second quarter. Eqis Capital Management Inc. now owns 8,020 shares of the semiconductor company’s stock valued at $734,000 after acquiring an additional 1,582 shares during the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.
In related news, insider Bobby R. Bell sold 3,526 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $89.93, for a total value of $317,093.18. Following the completion of the sale, the insider now directly owns 9,633 shares of the company’s stock, valued at $866,295.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Virendra A. Kirloskar sold 600 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $60,912.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,637 shares of company stock worth $3,260,560. Corporate insiders own 0.20% of the company’s stock.
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A number of research analysts recently weighed in on the company. Citigroup Inc. lifted their target price on KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. B. Riley reiterated a “buy” rating and issued a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor Corporation in a report on Friday, October 27th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor Corporation in a report on Friday, October 27th. Stifel Nicolaus raised their price objective on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $107.51.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up $0.80 during midday trading on Thursday, hitting $102.95. The stock had a trading volume of 2,109,400 shares, compared to its average volume of 1,228,356. KLA-Tencor Corporation has a twelve month low of $74.66 and a twelve month high of $110.00. The stock has a market capitalization of $16,007.71, a price-to-earnings ratio of 15.52 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. research analysts expect that KLA-Tencor Corporation will post 7.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, November 14th. KLA-Tencor Corporation’s payout ratio is 36.14%.
KLA-Tencor Corporation 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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