Candriam Luxembourg S.C.A. lowered its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,842 shares of the semiconductor company’s stock after selling 18,157 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in KLA-Tencor were worth $6,077,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of KLAC. Harel Insurance Investments & Financial Services Ltd. boosted its stake in KLA-Tencor by 300.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares during the period. Bristlecone Advisors LLC bought a new position in KLA-Tencor in the 3rd quarter worth about $148,000. Edge Advisors LLC boosted its stake in KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares during the period. Highbridge Capital Management LLC bought a new position in KLA-Tencor in the 3rd quarter worth about $212,000. Finally, Foundry Partners LLC bought a new position in KLA-Tencor in the 3rd quarter worth about $215,000. Institutional investors and hedge funds own 91.08% of the company’s stock.
Several research analysts have commented on KLAC shares. B. Riley restated a “buy” rating and issued a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a research note on Friday, October 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Stifel Nicolaus raised their price target on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor in a report on Thursday, October 19th. Finally, Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $120.57.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) opened at $108.87 on Friday. KLA-Tencor Corp has a 1-year low of $87.17 and a 1-year high of $121.65. The firm has a market capitalization of $16,831.96, a PE ratio of 26.23 and a beta of 1.53. 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 announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, beating the Zacks’ 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%. KLA-Tencor’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. equities research analysts forecast that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.76%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio (DPR) is currently 56.87%.
In related news, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $101.26, for a total transaction of $50,630.00. Following the transaction, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard P. Wallace sold 13,299 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $110.10, for a total value of $1,464,219.90. Following the transaction, the insider now directly owns 43,442 shares in the company, valued at $4,782,964.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,657 shares of company stock worth $2,694,945. 0.20% of the stock is currently owned by insiders.
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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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