Suntrust Banks Inc. decreased its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 142,346 shares of the semiconductor company’s stock after selling 1,329 shares during the period. Suntrust Banks Inc.’s holdings in KLA-Tencor were worth $14,955,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in KLA-Tencor by 0.8% during the fourth quarter. BlackRock Inc. now owns 11,446,967 shares of the semiconductor company’s stock valued at $1,202,732,000 after buying an additional 95,284 shares during the period. Janus Henderson Group PLC boosted its stake in KLA-Tencor by 4.8% during the third quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after buying an additional 208,499 shares during the period. Pictet Asset Management Ltd. boosted its stake in KLA-Tencor by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after buying an additional 770,480 shares during the period. UBS Asset Management Americas Inc. boosted its stake in KLA-Tencor by 5.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,536,111 shares of the semiconductor company’s stock valued at $161,399,000 after buying an additional 74,264 shares during the period. Finally, American Century Companies Inc. boosted its stake in KLA-Tencor by 7.1% during the fourth quarter. American Century Companies Inc. now owns 1,133,177 shares of the semiconductor company’s stock valued at $119,063,000 after buying an additional 75,424 shares during the period. 90.65% of the stock is owned by institutional investors.
In other news, insider Richard P. Wallace sold 13,299 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the sale, the insider now owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ahmad A. Khan sold 2,975 shares of the business’s stock in a transaction dated 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. In the last three months, insiders sold 23,091 shares of company stock valued at $2,533,647. 0.20% of the stock is currently owned by corporate insiders.
Shares of KLA-Tencor Corp (KLAC) opened at $109.67 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. KLA-Tencor Corp has a 52 week low of $87.93 and a 52 week high of $121.65. The stock has a market capitalization of $17,314.35, a PE ratio of 26.43 and a beta of 1.53.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The company had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. During the same quarter in the previous year, the company posted $1.52 EPS. KLA-Tencor’s revenue for the quarter was up 11.3% on a year-over-year basis. sell-side analysts forecast that KLA-Tencor Corp will post 7.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders 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 dividend yield of 2.74%. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s payout ratio is 56.87%.
Several research firms recently issued reports on KLAC. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. UBS Group raised KLA-Tencor to a “neutral” rating in a research note on Thursday. Susquehanna Bancshares raised KLA-Tencor from a “negative” rating to a “neutral” rating in a research note on Thursday. B. Riley reaffirmed a “buy” rating and set a $142.00 price target (up previously from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. Finally, ValuEngine raised KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $120.57.
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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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