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.
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.
ILLEGAL ACTIVITY NOTICE: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/two-sigma-securities-llc-buys-shares-of-3806-kla-tencor-corp-klac.html.
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.
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.