United Services Automobile Association grew its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 218.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 578,239 shares of the semiconductor company’s stock after acquiring an additional 396,791 shares during the quarter. United Services Automobile Association owned about 0.38% of KLA-Tencor worth $58,813,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of KLA-Tencor by 187.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,042 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 679 shares during the last quarter. Sonora Investment Management LLC increased its stake in shares of KLA-Tencor by 905.7% in the 2nd quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 960 shares during the last quarter. Exane Asset Management acquired a new stake in shares of KLA-Tencor in the 2nd quarter worth $165,000. Piedmont Investment Advisors LLC acquired a new stake in shares of KLA-Tencor in the 2nd quarter worth $181,000. Finally, Cerebellum GP LLC acquired a new stake in shares of KLA-Tencor in the 3rd quarter worth $188,000. 92.99% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Virendra A. Kirloskar sold 632 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $93.74, for a total transaction of $59,243.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian Lorig sold 2,547 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $117.37, for a total value of $298,941.39. The disclosure for this sale can be found here. Insiders have sold a total of 32,392 shares of company stock valued at $3,474,432 over the last 90 days. 0.19% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on the company. BidaskClub raised KLA-Tencor from a “strong sell” rating to a “sell” rating in a research report on Friday, November 23rd. Zacks Investment Research reissued a “sell” rating on shares of KLA-Tencor in a research report on Tuesday, November 13th. ValuEngine raised KLA-Tencor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Deutsche Bank cut their price objective on KLA-Tencor from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday, October 30th. Finally, KeyCorp cut their price objective on KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, October 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $129.54.
Shares of NASDAQ:KLAC opened at $96.60 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.45 and a quick ratio of 2.69. The stock has a market cap of $15.11 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. KLA-Tencor Corp has a 12-month low of $84.59 and a 12-month high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. KLA-Tencor had a return on equity of 93.99% and a net margin of 22.05%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.80 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that KLA-Tencor Corp will post 9.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Saturday, November 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, November 15th. KLA-Tencor’s dividend payout ratio (DPR) is 37.50%.
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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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