Oakbrook Investments LLC increased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,115 shares of the semiconductor company’s stock after acquiring an additional 1,470 shares during the period. Oakbrook Investments LLC’s holdings in KLA-Tencor were worth $1,483,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 750 shares in the last quarter. Sun Life Financial INC lifted its position in shares of KLA-Tencor by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 1,144 shares in the last quarter. Bristlecone Advisors LLC purchased a new position in KLA-Tencor during the third quarter worth approximately $148,000. Edge Advisors LLC lifted its position in KLA-Tencor by 77.8% during the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after buying an additional 872 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in KLA-Tencor during the third quarter worth approximately $212,000. 90.96% of the stock is currently owned by institutional investors.
KLAC has been the topic of a number of analyst reports. KeyCorp reiterated a “hold” rating on shares of KLA-Tencor in a research report on Sunday, October 15th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a research report on Monday, October 16th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a research note on Thursday, October 19th. Stifel Nicolaus raised their target price on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. KLA-Tencor currently has a consensus rating of “Buy” and a consensus target price of $118.54.
Shares of KLA-Tencor Corp (NASDAQ KLAC) traded up $2.36 during midday trading on Friday, reaching $100.90. The company’s stock had a trading volume of 1,732,172 shares, compared to its average volume of 1,491,989. KLA-Tencor Corp has a 12 month low of $86.33 and a 12 month high of $121.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. The stock has a market cap of $15,802.96, a P/E ratio of 24.31 and a beta of 1.53.
KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The business had revenue of $975.82 million during the quarter, compared to the consensus estimate of $968.00 million. During the same period in the previous year, the business earned $1.52 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. equities analysts anticipate that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 14th. KLA-Tencor’s payout ratio is currently 56.87%.
In other KLA-Tencor news, insider Richard P. Wallace sold 13,299 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the transaction, the insider now owns 43,442 shares in the company, valued at approximately $4,782,964.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 owns 15,229 shares in the company, valued at approximately $1,542,088.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,830 shares of company stock valued at $4,382,646. 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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