Commonwealth Equity Services LLC decreased its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 20.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,567 shares of the semiconductor company’s stock after selling 1,396 shares during the period. Commonwealth Equity Services LLC’s holdings in KLA-Tencor were worth $566,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Donaldson Capital Management LLC boosted its stake in KLA-Tencor by 2.7% during the 2nd quarter. Donaldson Capital Management LLC now owns 18,524 shares of the semiconductor company’s stock worth $1,899,000 after acquiring an additional 481 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in KLA-Tencor by 7.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,430 shares of the semiconductor company’s stock worth $762,000 after acquiring an additional 501 shares during the last quarter. Private Advisor Group LLC boosted its stake in KLA-Tencor by 16.4% during the 3rd quarter. Private Advisor Group LLC now owns 4,078 shares of the semiconductor company’s stock worth $415,000 after acquiring an additional 576 shares during the last quarter. Boltwood Capital Management boosted its stake in KLA-Tencor by 6.0% during the 3rd quarter. Boltwood Capital Management now owns 10,375 shares of the semiconductor company’s stock worth $1,055,000 after acquiring an additional 585 shares during the last quarter. Finally, Commerce Bank boosted its stake in KLA-Tencor by 17.9% during the 3rd quarter. Commerce Bank now owns 4,049 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 616 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.
Shares of KLAC opened at $95.56 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.69 and a current ratio of 3.45. KLA-Tencor Corp has a twelve month low of $84.59 and a twelve month high of $123.96. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.46 and a beta of 1.59.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Monday, October 29th. The semiconductor company reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.25. KLA-Tencor had a net margin of 22.05% and a return on equity of 93.99%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. Analysts anticipate that KLA-Tencor Corp will post 9.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Saturday, November 17th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, November 15th. KLA-Tencor’s payout ratio is currently 37.50%.
In other news, EVP Ahmad A. Khan sold 5,028 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $94.22, for a total value of $473,738.16. Following the sale, the executive vice president now directly owns 8,033 shares in the company, valued at $756,869.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Virendra A. Kirloskar sold 632 shares of KLA-Tencor stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $93.74, for a total transaction of $59,243.68. The disclosure for this sale can be found here. Insiders sold 13,540 shares of company stock worth $1,277,292 over the last quarter. 0.19% of the stock is owned by corporate insiders.
Several research firms recently weighed in on KLAC. Zacks Investment Research reissued a “sell” rating on shares of KLA-Tencor in a research note on Tuesday, November 13th. KeyCorp reduced their price objective on shares of KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 30th. Deutsche Bank reduced their price objective on shares of KLA-Tencor from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, October 30th. B. Riley lifted their price target on shares of KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, Cowen set a $120.00 price target on shares of KLA-Tencor and gave the company an “outperform” rating in a research note on Tuesday, October 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. KLA-Tencor currently has an average rating of “Hold” and an average target price of $129.54.
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KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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