OLD Mission Capital LLC acquired a new stake in KLA-Tencor Corp (NASDAQ:KLAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,752 shares of the semiconductor company’s stock, valued at approximately $604,000.
A number of other hedge funds have also added to or reduced their stakes in KLAC. Advisor Group Inc. increased its holdings in shares of KLA-Tencor by 96.1% during the 4th quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock worth $203,000 after buying an additional 951 shares during the last quarter. Edge Advisors LLC increased its holdings in shares of KLA-Tencor by 77.8% during the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after buying an additional 872 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of KLA-Tencor during the 3rd quarter worth approximately $212,000. Cetera Advisor Networks LLC acquired a new stake in shares of KLA-Tencor during the 3rd quarter worth approximately $223,000. Finally, Underhill Investment Management LLC acquired a new stake in shares of KLA-Tencor during the 4th quarter worth approximately $257,000. Institutional investors own 91.26% of the company’s stock.
KLA-Tencor Corp (NASDAQ KLAC) opened at $120.62 on Friday. 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 Corp has a 1 year low of $87.93 and a 1 year high of $123.96. The company has a market cap of $18,921.27, a P/E ratio of 29.07 and a beta of 1.43.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The company had revenue of $975.82 million during the quarter, compared to analysts’ expectations of $968.00 million. During the same quarter last year, the company posted $1.52 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. equities research analysts forecast that KLA-Tencor Corp will post 7.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.49%. 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 other KLA-Tencor news, Director Emiko Higashi sold 500 shares of the firm’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 transaction, the director now owns 15,131 shares of the company’s stock, valued at approximately $1,601,465.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ahmad A. Khan sold 2,975 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $99.71, for a total transaction of $296,637.25. The disclosure for this sale can be found here. Insiders sold a total of 23,445 shares of company stock valued at $2,579,450 in the last three months. 0.20% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on KLAC shares. Needham & Company LLC downgraded shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target for the company. in a report on Monday, January 8th. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Wednesday, December 27th. Argus initiated coverage on shares of KLA-Tencor in a research report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, BidaskClub raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $120.57.
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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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