OLD Mission Capital LLC purchased a new position in KLA-Tencor (NASDAQ:KLAC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,752 shares of the semiconductor company’s stock, valued at approximately $604,000.
Several other large investors also recently bought and sold shares of KLAC. Advisor Group Inc. grew its position 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 purchasing an additional 951 shares in the last quarter. Edge Advisors LLC grew its position in KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 872 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in KLA-Tencor in the third quarter worth $212,000. Cetera Advisor Networks LLC purchased a new position in KLA-Tencor in the third quarter worth $223,000. Finally, Underhill Investment Management LLC purchased a new position in KLA-Tencor in the fourth quarter worth $257,000. 91.70% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on KLAC shares. BidaskClub downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. B. Riley reissued a “buy” rating and issued a $142.00 price target (up from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. UBS raised shares of KLA-Tencor to a “neutral” rating in a research note on Thursday, February 22nd. Argus decreased their target price on shares of KLA-Tencor from $135.00 to $115.98 and set a “buy” rating for the company in a research note on Tuesday, March 20th. Finally, Zacks Investment Research downgraded shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. KLA-Tencor has a consensus rating of “Buy” and a consensus price target of $124.27.
In related news, Director Emiko Higashi sold 2,375 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $115.00, for a total transaction of $273,125.00. Following the completion of the transaction, the director now owns 11,294 shares in the company, valued at approximately $1,298,810. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard P. Wallace sold 13,299 shares of the business’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 transaction of $1,464,219.90. Following 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. Over the last three months, insiders sold 22,945 shares of company stock valued at $2,526,530. 0.20% of the stock is owned by corporate insiders.
NASDAQ KLAC traded down $4.64 on Friday, reaching $104.07. The company had a trading volume of 1,664,299 shares, compared to its average volume of 1,561,199. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. The company has a market cap of $16,221.60, a P/E ratio of 17.52, a P/E/G ratio of 0.88 and a beta of 1.49. KLA-Tencor has a 12 month low of $87.93 and a 12 month high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $968.00 million. During the same period in the previous year, the firm posted $1.52 EPS. KLA-Tencor’s revenue for the quarter was up 11.3% compared to the same quarter last year. analysts forecast that KLA-Tencor will post 7.73 EPS for the current fiscal year.
The company 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 dividend of $0.75 per share. This is a boost 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 2.88%. KLA-Tencor’s payout ratio is currently 39.73%.
KLA-Tencor announced that its board has authorized a stock repurchase program on Monday, March 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
ILLEGAL ACTIVITY NOTICE: “OLD Mission Capital LLC Takes Position in KLA-Tencor (KLAC)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/08/old-mission-capital-llc-invests-604000-in-kla-tencor-corp-klac-stock.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.