Pinebridge Investments L.P. lifted its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 40.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,491 shares of the semiconductor company’s stock after purchasing an additional 2,154 shares during the quarter. Pinebridge Investments L.P.’s holdings in KLA-Tencor were worth $794,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in KLA-Tencor by 2.4% during the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock worth $1,544,879,000 after buying an additional 402,970 shares during the last quarter. Janus Henderson Group PLC increased its holdings in KLA-Tencor by 24,123.6% during the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after buying an additional 4,290,618 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings 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 worth $259,075,000 after buying an additional 770,480 shares during the last quarter. Northern Trust Corp increased its holdings in KLA-Tencor by 0.3% during the second quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock worth $181,960,000 after buying an additional 6,922 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in KLA-Tencor by 375.7% during the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock worth $118,799,000 after buying an additional 885,147 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $103.98 on Friday. KLA-Tencor Corp has a fifty-two week low of $76.56 and a fifty-two week high of $110.00. The company has a market cap of $16,310.00, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 0.67 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 29.2% on a year-over-year basis. equities research analysts predict that KLA-Tencor Corp will post 7.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.27%. KLA-Tencor’s dividend payout ratio is currently 36.20%.
In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 600 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $60,912.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bobby R. Bell sold 4,236 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $105.51, for a total transaction of $446,940.36. Following the completion of the transaction, the insider now owns 8,908 shares in the company, valued at $939,883.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,400 shares of company stock worth $3,585,084. Corporate insiders own 0.20% of the company’s stock.
A number of brokerages recently weighed in on KLAC. B. Riley restated a “buy” rating and set a $129.00 target price (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a report on Friday, October 27th. Citigroup boosted their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a report on Thursday, October 19th. Finally, Stifel Nicolaus boosted their target price on shares of 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 issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $108.68.
ILLEGAL ACTIVITY NOTICE: “Pinebridge Investments L.P. Increases Stake in KLA-Tencor Corp (KLAC)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/10/pinebridge-investments-l-p-increases-stake-in-kla-tencor-corp-klac.html.
KLA-Tencor Company Profile
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.
Receive News & Ratings for KLA-Tencor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corp and related companies with MarketBeat.com's FREE daily email newsletter.