Cypress Capital Group bought a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,173 shares of the semiconductor company’s stock, valued at approximately $336,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC acquired a new stake in KLA-Tencor during the third quarter worth about $223,000. IFM Investors Pty Ltd acquired a new stake in KLA-Tencor during the third quarter worth about $438,000. California Public Employees Retirement System grew its position in KLA-Tencor by 7.8% during the third quarter. California Public Employees Retirement System now owns 443,338 shares of the semiconductor company’s stock worth $46,994,000 after buying an additional 32,200 shares in the last quarter. Janney Montgomery Scott LLC grew its position in KLA-Tencor by 6.8% during the third quarter. Janney Montgomery Scott LLC now owns 23,673 shares of the semiconductor company’s stock worth $2,509,000 after buying an additional 1,500 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in KLA-Tencor during the third quarter worth about $212,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on KLAC. B. Riley reissued a “buy” rating and set a $129.00 target price (up from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. J P Morgan Chase & Co reissued a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a research report on Friday, October 27th. Citigroup lifted their target price on KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a research report on Thursday, October 19th. Finally, Stifel Nicolaus lifted their price objective on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $108.68.
Shares of KLA-Tencor Corp (KLAC) opened at $103.06 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. The firm has a market capitalization of $16,274.12, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.63. KLA-Tencor Corp has a 1-year low of $77.34 and a 1-year high of $110.00.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.17. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. equities research analysts predict that KLA-Tencor Corp will post 7.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, November 14th. KLA-Tencor’s payout ratio is 36.14%.
In other news, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $101.26, for a total value of $50,630.00. Following the transaction, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total value of $446,940.36. Following the completion of the transaction, the insider now directly owns 8,908 shares in the company, valued at $939,883.08. The disclosure for this sale can be found here. Insiders sold a total of 34,400 shares of company stock worth $3,585,084 over the last three months. 0.20% of the stock is owned by company insiders.
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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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