Highland Capital Management LLC bought a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,326 shares of the semiconductor company’s stock, valued at approximately $560,000.
Several other hedge funds have also recently added to or reduced their stakes in KLAC. Thrivent Financial For Lutherans increased its stake in shares of KLA-Tencor by 3.3% during the second quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock worth $542,000 after buying an additional 190 shares during the period. Mutual of America Capital Management LLC increased its stake in KLA-Tencor by 57.6% in the second quarter. Mutual of America Capital Management LLC now owns 28,845 shares of the semiconductor company’s stock valued at $2,640,000 after purchasing an additional 10,537 shares during the last quarter. GSA Capital Partners LLP increased its stake in KLA-Tencor by 17.6% in the second quarter. GSA Capital Partners LLP now owns 10,102 shares of the semiconductor company’s stock valued at $924,000 after purchasing an additional 1,509 shares during the last quarter. Nordea Investment Management AB increased its stake in KLA-Tencor by 1.3% in the second 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. Finally, Parametric Portfolio Associates LLC increased its stake in KLA-Tencor by 37.5% in the second quarter. Parametric Portfolio Associates LLC now owns 330,269 shares of the semiconductor company’s stock valued at $30,223,000 after purchasing an additional 90,139 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.
KLAC has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $129.00 price target (up from $120.00) on shares of KLA-Tencor in a research note on Friday, October 27th. JPMorgan Chase & Co. restated a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a research report on Friday, October 27th. Stifel Nicolaus raised their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $118.54.
In other KLA-Tencor news, EVP Teri A. Little sold 1,566 shares of KLA-Tencor stock in a transaction dated 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 owns 6,892 shares in the company, valued at approximately $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 KLA-Tencor stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the sale, the director now owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The disclosure for this sale can be found here. Insiders sold a total of 33,432 shares of company stock valued at $3,631,602 in the last 90 days. 0.20% of the stock is owned by company insiders.
KLA-Tencor Corp (NASDAQ KLAC) opened at $103.91 on Tuesday. The firm has a market capitalization of $16,300.00, a price-to-earnings ratio of 25.04 and a beta of 1.53. KLA-Tencor Corp has a 52-week low of $86.36 and a 52-week high of $121.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.24. The firm had revenue of $975.82 million during 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. sell-side analysts forecast that KLA-Tencor Corp will post 7.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, February 14th. KLA-Tencor’s dividend payout ratio is presently 56.87%.
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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.
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