CIBC World Markets Inc. increased its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 104.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,305 shares of the semiconductor company’s stock after buying an additional 15,514 shares during the period. CIBC World Markets Inc.’s holdings in KLA-Tencor were worth $3,304,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Deutsche Bank AG increased its stake in shares of KLA-Tencor by 3.2% in the fourth quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock worth $138,902,000 after buying an additional 40,512 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of KLA-Tencor by 52.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,066 shares of the semiconductor company’s stock worth $742,000 after buying an additional 2,425 shares during the last quarter. MANA Advisors LLC bought a new stake in shares of KLA-Tencor in the fourth quarter worth $725,000. Geode Capital Management LLC increased its stake in shares of KLA-Tencor by 11.1% in the fourth quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock worth $229,185,000 after buying an additional 218,032 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of KLA-Tencor by 7.1% in the fourth quarter. Norinchukin Bank The now owns 12,970 shares of the semiconductor company’s stock worth $1,363,000 after buying an additional 855 shares during the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
KLAC has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of KLA-Tencor in a research note on Wednesday, April 4th. They issued a “buy” rating and a $150.00 price target for the company. KeyCorp boosted their target price on shares of KLA-Tencor from $151.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday, April 27th. Bank of America started coverage on shares of KLA-Tencor in a research note on Wednesday, March 21st. They set a “buy” rating and a $140.00 target price for the company. Zacks Investment Research lowered shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group lowered their target price on shares of KLA-Tencor from $134.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, April 27th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $127.53.
KLAC stock opened at $106.56 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.78 and a quick ratio of 3.07. KLA-Tencor Corp has a 1-year low of $87.93 and a 1-year high of $123.96. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.52.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.03. KLA-Tencor had a net margin of 18.17% and a return on equity of 86.87%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts predict that KLA-Tencor Corp will post 7.93 earnings per share for the current fiscal year.
KLA-Tencor declared that its Board of Directors has initiated a stock repurchase plan on Monday, March 19th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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.
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