AMP Capital Investors Ltd increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 31.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,629 shares of the semiconductor company’s stock after purchasing an additional 35,775 shares during the period. AMP Capital Investors Ltd owned 0.10% of KLA-Tencor worth $15,101,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of KLA-Tencor by 0.8% during the third quarter. BlackRock Inc. now owns 11,443,896 shares of the semiconductor company’s stock valued at $1,163,958,000 after acquiring an additional 96,286 shares during the last quarter. FIL Ltd boosted its stake in shares of KLA-Tencor by 23.3% in the third quarter. FIL Ltd now owns 2,418,727 shares of the semiconductor company’s stock valued at $246,009,000 after purchasing an additional 456,511 shares during the period. Boston Partners boosted its stake in shares of KLA-Tencor by 1.4% in the second quarter. Boston Partners now owns 2,092,922 shares of the semiconductor company’s stock valued at $214,588,000 after purchasing an additional 29,020 shares during the period. Bank of America Corp DE boosted its stake in shares of KLA-Tencor by 21.1% in the second quarter. Bank of America Corp DE now owns 1,184,086 shares of the semiconductor company’s stock valued at $121,405,000 after purchasing an additional 206,616 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of KLA-Tencor by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,007,292 shares of the semiconductor company’s stock valued at $103,278,000 after purchasing an additional 27,073 shares during the period. Hedge funds and other institutional investors own 92.99% of the company’s stock.
In related news, EVP Teri A. Little sold 2,525 shares of KLA-Tencor stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $95.00, for a total value of $239,875.00. Following the completion of the transaction, the executive vice president now owns 7,127 shares in the company, valued at $677,065. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard P. Wallace sold 12,308 shares of KLA-Tencor stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $117.36, for a total transaction of $1,444,466.88. Following the completion of the transaction, the insider now owns 50,137 shares of the company’s stock, valued at approximately $5,884,078.32. The disclosure for this sale can be found here. Insiders sold 32,392 shares of company stock valued at $3,474,432 in the last quarter. 0.19% of the stock is owned by insiders.
Shares of KLA-Tencor stock opened at $98.56 on Monday. KLA-Tencor Corp has a 52-week low of $84.59 and a 52-week high of $123.96. The company has a quick ratio of 2.69, a current ratio of 3.45 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $15.09 billion, a P/E ratio of 12.32, a PEG ratio of 1.50 and a beta of 1.55.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results 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 net margin of 22.05% and a return on equity of 93.99%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that KLA-Tencor Corp will post 9.16 EPS for the current fiscal year.
The company 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 $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.00 dividend on an annualized basis and a yield of 3.04%. KLA-Tencor’s dividend payout ratio is currently 37.50%.
Several research analysts have recently commented on KLAC shares. Evercore ISI raised 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 research note on Tuesday, September 4th. Zacks Investment Research reissued a “sell” rating on shares of KLA-Tencor in a research note on Tuesday, November 13th. BidaskClub lowered shares of KLA-Tencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Deutsche Bank lowered their price objective on shares of KLA-Tencor from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Finally, ValuEngine raised shares of KLA-Tencor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. KLA-Tencor presently has a consensus rating of “Hold” and an average price target of $129.54.
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KLA-Tencor Company Profile
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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