DekaBank Deutsche Girozentrale lessened its position in KLA-Tencor Corp (NASDAQ:KLAC) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,814 shares of the semiconductor company’s stock after selling 4,360 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in KLA-Tencor were worth $6,210,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of KLAC. Alps Advisors Inc. boosted its stake in shares of KLA-Tencor by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after acquiring an additional 14 shares during the period. Contravisory Investment Management Inc. lifted its holdings in KLA-Tencor by 0.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 18 shares during the last quarter. Navellier & Associates Inc lifted its holdings in KLA-Tencor by 1.2% during the 2nd quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 30 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in KLA-Tencor by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in KLA-Tencor by 1.9% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Several analysts recently weighed in on the company. Argus assumed 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. Citigroup lifted their price objective on KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. B. Riley reaffirmed a “buy” rating and issued a $129.00 price objective (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $136.00 price objective on shares of KLA-Tencor in a report on Friday, October 27th. Finally, Stifel Nicolaus boosted 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.68.
In other news, SVP Virendra A. Kirloskar sold 1,020 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total value of $95,604.60. Following the completion of the sale, the senior vice president now directly owns 297 shares of the company’s stock, valued at $27,837.81. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teri A. Little sold 1,566 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $103.00, for a total value of $161,298.00. Following the completion of the sale, the executive vice president now directly owns 6,892 shares of the company’s stock, valued at $709,876. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,427 shares of company stock worth $4,338,059. 0.20% of the stock is owned by company insiders.
KLA-Tencor Corp (NASDAQ:KLAC) traded down $2.99 during midday trading on Monday, hitting $100.88. The company’s stock had a trading volume of 1,882,628 shares, compared to its average volume of 1,265,052. KLA-Tencor Corp has a 1 year low of $76.21 and a 1 year high of $110.00. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The company has a market cap of $16,277.25, a price-to-earnings ratio of 15.79 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same quarter in the prior year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. analysts forecast that KLA-Tencor Corp will post 7.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Tuesday, November 14th. KLA-Tencor’s dividend payout ratio (DPR) is currently 36.14%.
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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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