Principal Financial Group Inc. decreased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,166 shares of the semiconductor company’s stock after selling 11,847 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of KLA-Tencor worth $25,563,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of KLA-Tencor by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 14 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in KLA-Tencor by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after buying an additional 18 shares in the last quarter. Navellier & Associates Inc raised its stake in KLA-Tencor by 1.2% in the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after buying an additional 30 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in KLA-Tencor by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in KLA-Tencor by 1.9% in the second quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.
KLAC has been the topic of a number of research analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor in a report on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor in a report on Friday, September 1st. Stifel Nicolaus upped their price objective on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Citigroup upped their price target on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group cut shares of KLA-Tencor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $108.00 to $97.00 in a research note on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. KLA-Tencor currently has a consensus rating of “Hold” and a consensus price target of $108.68.
Shares of KLA-Tencor Corp (NASDAQ KLAC) traded up $0.10 during trading hours on Wednesday, hitting $102.74. 1,269,268 shares of the stock traded hands, compared to its average volume of 1,265,790. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a 1-year low of $76.56 and a 1-year high of $110.00. The stock has a market capitalization of $16,070.00, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share. sell-side analysts forecast that KLA-Tencor Corp will post 7.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, November 14th. KLA-Tencor’s dividend payout ratio is presently 36.20%.
In other news, Chairman Edward W. Barnholt sold 10,914 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $104.90, for a total transaction of $1,144,878.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian Lorig sold 2,893 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $95.24, for a total transaction of $275,529.32. Following the transaction, the senior vice president now owns 566 shares of the company’s stock, valued at approximately $53,905.84. The disclosure for this sale can be found here. In the last three months, insiders sold 37,293 shares of company stock valued at $3,860,614. Company insiders own 0.20% of the company’s stock.
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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