3,806 Shares in KLA-Tencor (KLAC) Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new stake in KLA-Tencor (NASDAQ:KLAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,806 shares of the semiconductor company’s stock, valued at approximately $400,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. Hillsdale Investment Management Inc. raised its position in KLA-Tencor by 4,857.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,470 shares of the semiconductor company’s stock valued at $367,000 after purchasing an additional 3,400 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in KLA-Tencor by 7.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 33,885 shares of the semiconductor company’s stock valued at $3,592,000 after purchasing an additional 2,491 shares during the last quarter. Cypress Capital Group bought a new position in KLA-Tencor during the 3rd quarter valued at approximately $336,000. E&G Advisors LP raised its position in KLA-Tencor by 36.0% during the 4th quarter. E&G Advisors LP now owns 6,800 shares of the semiconductor company’s stock valued at $714,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Deutsche Bank AG raised its position in KLA-Tencor by 3.2% during the 4th quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock valued at $138,902,000 after purchasing an additional 40,512 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

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Shares of NASDAQ:KLAC opened at $104.07 on Friday. KLA-Tencor has a 52-week low of $87.93 and a 52-week high of $123.96. The company has a market capitalization of $17,029.03, a PE ratio of 17.52, a PEG ratio of 0.92 and a beta of 1.49. 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 announced its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The firm had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. equities research analysts forecast that KLA-Tencor will post 7.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.88%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio is presently 39.73%.

KLA-Tencor announced that its board has authorized a stock repurchase program on Monday, March 19th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of research analysts have commented on KLAC shares. Needham & Company LLC lowered KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target for the company. in a research report on Monday, January 8th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Wednesday, December 27th. Stifel Nicolaus upped their price target on KLA-Tencor from $121.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $142.00 price target (up previously from $129.00) on shares of KLA-Tencor in a research report on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. KLA-Tencor presently has an average rating of “Buy” and a consensus target price of $124.27.

In related news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $109.27, for a total value of $54,635.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard P. Wallace sold 13,299 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 43,442 shares in the company, valued at approximately $4,782,964.20. The disclosure for this sale can be found here. Insiders sold a total of 22,945 shares of company stock worth $2,526,530 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

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KLA-Tencor Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.

Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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