Two Sigma Securities LLC bought a new stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,806 shares of the semiconductor company’s stock, valued at approximately $400,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisor Group Inc. lifted 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 valued at $203,000 after buying an additional 951 shares during the period. Edge Advisors LLC lifted 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 valued at $211,000 after buying an additional 872 shares during the period. Highbridge Capital Management LLC bought a new position in shares of KLA-Tencor during the 3rd quarter valued at $212,000. Cetera Advisor Networks LLC bought a new position in shares of KLA-Tencor during the 3rd quarter valued at $223,000. Finally, Underhill Investment Management LLC bought a new position in shares of KLA-Tencor during the 4th quarter valued at $257,000. Institutional investors and hedge funds own 91.26% of the company’s stock.
Several equities analysts have recently weighed in on the company. Argus lowered their price target on KLA-Tencor from $135.00 to $115.98 and set a “buy” rating on the stock in a report on Tuesday. BidaskClub cut KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Bank of America assumed coverage on KLA-Tencor in a report on Wednesday. They set a “buy” rating and a $140.00 price target on the stock. Susquehanna Bancshares raised KLA-Tencor from a “negative” rating to a “neutral” rating in a report on Thursday, February 22nd. Finally, KeyCorp raised their target price on KLA-Tencor from $134.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $121.27.
In other news, CFO Bren D. Higgins sold 854 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $112.92, for a total transaction of $96,433.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard P. Wallace sold 13,299 shares of KLA-Tencor stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the transaction, the insider now owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,445 shares of company stock valued at $2,579,450. Company insiders own 0.20% of the company’s stock.
KLA-Tencor stock traded down $3.93 during trading hours on Thursday, reaching $114.13. The company’s stock had a trading volume of 846,653 shares, compared to its average volume of 1,537,231. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $18,266.65, a PE ratio of 28.45 and a beta of 1.43. KLA-Tencor Corp has a twelve month low of $87.93 and a twelve month high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.24. The business 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%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.52 earnings per share. research analysts forecast that KLA-Tencor Corp will post 7.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.75 per share. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.63%. KLA-Tencor’s dividend payout ratio (DPR) is presently 56.87%.
KLA-Tencor declared that its board has approved a stock buyback program on Monday, March 19th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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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