KAMES CAPITAL plc increased its position in KLA-Tencor Corp (NASDAQ:KLAC) by 117.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,166 shares of the semiconductor company’s stock after purchasing an additional 8,744 shares during the period. KAMES CAPITAL plc’s holdings in KLA-Tencor were worth $1,699,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Navellier & Associates Inc lifted its stake in KLA-Tencor by 1.2% during the 2nd quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 30 shares during the period. Nordea Investment Management AB increased its position in shares of KLA-Tencor by 1.3% during the 2nd quarter. Nordea Investment Management AB now owns 6,586 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 85 shares during the last quarter. Intellectus Partners LLC increased its position in shares of KLA-Tencor by 2.1% during the 2nd quarter. Intellectus Partners LLC now owns 5,103 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 103 shares during the last quarter. M&T Bank Corp increased its position in shares of KLA-Tencor by 0.6% during the 2nd quarter. M&T Bank Corp now owns 17,633 shares of the semiconductor company’s stock valued at $1,613,000 after purchasing an additional 110 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of KLA-Tencor by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock valued at $542,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.
KLAC has been the subject of several analyst reports. B. Riley reissued a “buy” rating and issued a $129.00 target price (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor in a report on Friday, October 27th. Stifel Nicolaus increased their target price on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a research report on Thursday, October 19th. Finally, Argus assumed coverage on KLA-Tencor in a research report on Wednesday, November 29th. They set a “buy” rating and a $125.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $110.95.
In other news, EVP Teri A. Little sold 1,566 shares of the business’s 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 in the company, valued at $709,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $105.84, for a total value of $52,920.00. Following the completion of the sale, the director now owns 15,131 shares of the company’s stock, valued at $1,601,465.04. The disclosure for this sale can be found here. Insiders have sold 30,664 shares of company stock valued at $3,191,064 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $115.02 on Friday. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $18,024.55, a PE ratio of 17.61 and a beta of 1.63. KLA-Tencor Corp has a 52 week low of $80.68 and a 52 week high of $115.83.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping 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 business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. During the same quarter last 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 expect that KLA-Tencor Corp will post 7.31 EPS for the current fiscal year.
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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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