Global X Management Co. LLC increased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 115.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,723 shares of the semiconductor company’s stock after acquiring an additional 3,602 shares during the quarter. Global X Management Co. LLC’s holdings in KLA-Tencor were worth $706,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after buying an additional 750 shares in the last quarter. Edge Advisors LLC grew its holdings 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. Highbridge Capital Management LLC bought a new stake in KLA-Tencor during the third quarter worth $212,000. Foundry Partners LLC bought a new stake in KLA-Tencor during the third quarter worth $215,000. Finally, Cetera Advisor Networks LLC bought a new stake in KLA-Tencor during the third quarter worth $223,000. Institutional investors and hedge funds own 90.65% of the company’s stock.
In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total value of $52,920.00. Following the completion of the transaction, the director now owns 15,131 shares in the company, valued at approximately $1,601,465.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ahmad A. Khan sold 2,975 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The disclosure for this sale can be found here. Insiders sold a total of 23,091 shares of company stock valued at $2,533,647 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $110.55 on Wednesday. The stock has a market capitalization of $16,839.79, a price-to-earnings ratio of 15.29 and a beta of 1.53. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. KLA-Tencor Corp has a 12 month low of $87.93 and a 12 month high of $121.65.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. The firm had revenue of $975.82 million during the quarter, compared to the consensus estimate of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. equities research analysts expect that KLA-Tencor Corp will post 7.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.71%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio is 56.87%.
KLAC has been the subject of several recent research reports. B. Riley reiterated a “buy” rating and set a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Stifel Nicolaus upped their price target on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Argus initiated coverage on KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target for the company. Finally, BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $120.57.
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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