Teachers Advisors LLC raised its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 321,027 shares of the semiconductor company’s stock after purchasing an additional 899 shares during the quarter. Teachers Advisors LLC owned 0.20% of KLA-Tencor worth $33,730,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in shares of KLA-Tencor by 375.7% during the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after buying an additional 885,147 shares during the period. Two Sigma Advisers LP increased its stake in shares of KLA-Tencor by 87.4% during the fourth quarter. Two Sigma Advisers LP now owns 1,512,896 shares of the semiconductor company’s stock valued at $158,960,000 after buying an additional 705,464 shares during the period. Nordea Investment Management AB increased its stake in shares of KLA-Tencor by 9,592.9% during the third quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock valued at $67,668,000 after buying an additional 631,791 shares during the period. Schroder Investment Management Group increased its stake in shares of KLA-Tencor by 176.2% during the fourth quarter. Schroder Investment Management Group now owns 724,904 shares of the semiconductor company’s stock valued at $76,165,000 after buying an additional 462,404 shares during the period. Finally, LSV Asset Management increased its stake in shares of KLA-Tencor by 41.0% during the fourth quarter. LSV Asset Management now owns 1,097,550 shares of the semiconductor company’s stock valued at $115,319,000 after buying an additional 319,232 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.
In related news, CFO Bren D. Higgins sold 854 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $112.92, for a total value of $96,433.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ahmad A. Khan sold 2,975 shares of the company’s stock in a transaction on Friday, February 9th. The stock was 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. Over the last ninety days, insiders sold 23,445 shares of company stock worth $2,579,450. 0.20% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the company. Argus reduced their target price on KLA-Tencor from $135.00 to $115.98 and set a “buy” rating on the stock in a research note on Tuesday. BidaskClub cut KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Bank of America assumed coverage on KLA-Tencor in a research note on Wednesday. They set a “buy” rating and a $140.00 target price on the stock. Susquehanna Bancshares raised KLA-Tencor from a “negative” rating to a “neutral” rating in a research note on Thursday, February 22nd. Finally, KeyCorp boosted their target price on KLA-Tencor from $134.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. KLA-Tencor has a consensus rating of “Buy” and an average target price of $121.27.
Shares of KLA-Tencor stock opened at $118.06 on Thursday. The firm has a market capitalization of $18,266.65, a price-to-earnings ratio of 28.45 and a beta of 1.43. KLA-Tencor Corp has a 12 month low of $87.93 and a 12 month high of $123.96. The company has a quick ratio of 3.06, a current ratio of 3.73 and a debt-to-equity ratio of 2.03.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.24. The company had revenue of $975.82 million for the quarter, compared to analysts’ expectations of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. analysts predict that KLA-Tencor Corp will post 7.71 EPS for the current year.
KLA-Tencor announced that its board has approved a share repurchase program on Monday, March 19th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.54%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio is presently 56.87%.
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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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