Cornerstone Capital Management Holdings LLC. increased its position in KLA-Tencor Corp (NASDAQ:KLAC) by 200.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 240,127 shares of the semiconductor company’s stock after purchasing an additional 160,265 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.15% of KLA-Tencor worth $25,228,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KLAC. Advisor Group Inc. lifted its stake in shares of KLA-Tencor by 96.1% in 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 during the period. Edge Advisors LLC lifted its stake in shares of KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 872 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of KLA-Tencor in the 3rd quarter valued at approximately $212,000. Cetera Advisor Networks LLC purchased a new position in shares of KLA-Tencor in the 3rd quarter valued at approximately $223,000. Finally, Underhill Investment Management LLC bought a new position in KLA-Tencor during the 4th quarter valued at approximately $257,000. Institutional investors own 91.26% of the company’s stock.
A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective 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. B. Riley reaffirmed a “buy” rating and set a $142.00 price objective (up previously from $129.00) on shares of KLA-Tencor in a research report on Monday, January 22nd. KeyCorp raised their price objective on KLA-Tencor from $134.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Needham & Company LLC raised their price objective on KLA-Tencor from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $120.57.
Shares of KLA-Tencor Corp (KLAC) opened at $120.48 on Wednesday. The company has a market capitalization of $19,168.73, a price-to-earnings ratio of 17.41 and a beta of 1.43. KLA-Tencor Corp has a fifty-two week low of $87.93 and a fifty-two week high of $123.96. The company has a quick ratio of 3.06, a current ratio of 3.73 and a debt-to-equity ratio of 2.03.
KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.24. The business had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. sell-side analysts expect that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be issued a $0.75 dividend. This is a positive change 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 2.49%. KLA-Tencor’s dividend payout ratio (DPR) is presently 56.87%.
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KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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