Chicago Equity Partners LLC acquired a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,340 shares of the semiconductor company’s stock, valued at approximately $2,984,000.
Several other large investors also recently bought and sold shares of KLAC. JNBA Financial Advisors acquired a new stake in KLA-Tencor during the 3rd quarter worth approximately $248,000. Beutel Goodman & Co Ltd. acquired a new stake in KLA-Tencor during the 3rd quarter worth approximately $67,554,000. Capital Management Corp VA lifted its holdings in KLA-Tencor by 9.7% during the 3rd quarter. Capital Management Corp VA now owns 134,765 shares of the semiconductor company’s stock worth $13,707,000 after buying an additional 11,900 shares in the last quarter. Ardevora Asset Management LLP lifted its holdings in KLA-Tencor by 15.6% during the 3rd quarter. Ardevora Asset Management LLP now owns 356,504 shares of the semiconductor company’s stock worth $36,260,000 after buying an additional 48,000 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in KLA-Tencor by 2.2% during the 3rd quarter. Arizona State Retirement System now owns 61,405 shares of the semiconductor company’s stock worth $6,246,000 after buying an additional 1,309 shares in the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Brian M. Trafas sold 886 shares of KLA-Tencor stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $95.10, for a total transaction of $84,258.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bren D. Higgins sold 1,418 shares of KLA-Tencor stock in a transaction on Friday, September 7th. The stock was sold at an average price of $106.64, for a total transaction of $151,215.52. Following the sale, the chief financial officer now owns 1,669 shares in the company, valued at $177,982.16. The disclosure for this sale can be found here. Insiders have sold a total of 20,387 shares of company stock worth $2,356,956 over the last quarter. 0.19% of the stock is owned by company insiders.
Shares of KLAC opened at $95.28 on Friday. KLA-Tencor Corp has a twelve month low of $84.59 and a twelve month high of $123.96. The firm has a market capitalization of $14.55 billion, a PE ratio of 11.91, a PEG ratio of 1.45 and a beta of 1.55. The company has a current ratio of 3.45, a quick ratio of 2.69 and a debt-to-equity ratio of 1.43.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $1.80 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts expect that KLA-Tencor Corp will post 9.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Saturday, November 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.00 annualized dividend and a yield of 3.15%. KLA-Tencor’s dividend payout ratio is currently 37.50%.
A number of brokerages have recently weighed in on KLAC. Evercore ISI upgraded shares of KLA-Tencor from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a report on Tuesday, September 4th. Zacks Investment Research lowered shares of KLA-Tencor from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. BidaskClub lowered shares of KLA-Tencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Citigroup reduced their price objective on shares of KLA-Tencor from $128.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. Finally, ValuEngine lowered shares of KLA-Tencor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus 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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