Psagot Investment House Ltd. raised its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 861.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,820 shares of the semiconductor company’s stock after buying an additional 15,070 shares during the quarter. Psagot Investment House Ltd.’s holdings in KLA-Tencor were worth $2,008,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kentucky Retirement Systems acquired a new position in shares of KLA-Tencor in the 3rd quarter valued at $887,000. Legal & General Group Plc raised its position in KLA-Tencor by 5.4% during the third quarter. Legal & General Group Plc now owns 799,989 shares of the semiconductor company’s stock worth $81,367,000 after acquiring an additional 40,648 shares during the period. Morgan Stanley raised its position in KLA-Tencor by 9.2% during the third quarter. Morgan Stanley now owns 537,733 shares of the semiconductor company’s stock worth $54,692,000 after acquiring an additional 45,390 shares during the period. Federated Investors Inc. PA raised its position in KLA-Tencor by 40.4% during the third quarter. Federated Investors Inc. PA now owns 240,617 shares of the semiconductor company’s stock worth $24,473,000 after acquiring an additional 69,239 shares during the period. Finally, Vanguard Group Inc raised its position in KLA-Tencor by 0.6% during the third quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock worth $1,781,510,000 after acquiring an additional 103,504 shares during the period. 92.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KLAC traded down $0.94 during mid-day trading on Wednesday, reaching $105.89. The stock had a trading volume of 1,049,444 shares, compared to its average volume of 1,603,334. The company has a current ratio of 2.61, a quick ratio of 1.84 and a debt-to-equity ratio of 1.10. KLA-Tencor Corp has a 52-week low of $80.65 and a 52-week high of $129.03. The firm has a market capitalization of $17.11 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.17 and a beta of 1.61.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $2.02 earnings per share. KLA-Tencor’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that KLA-Tencor Corp will post 8.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Tuesday, May 14th. KLA-Tencor’s dividend payout ratio is currently 37.50%.
KLAC has been the subject of a number of research analyst reports. BidaskClub upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Stifel Nicolaus upped their price objective on shares of KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Tuesday, April 2nd. UBS Group upped their price objective on shares of KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Needham & Company LLC initiated coverage on shares of KLA-Tencor in a research report on Tuesday, April 16th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $133.36.
In related news, Director Emiko Higashi sold 2,141 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $117.43, for a total value of $251,417.63. Following the completion of the sale, the director now owns 8,780 shares of the company’s stock, valued at $1,031,035.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $110.38, for a total transaction of $165,570.00. Following the completion of the sale, the executive vice president now directly owns 5,517 shares of the company’s stock, valued at approximately $608,966.46. The disclosure for this sale can be found here. Insiders sold 8,943 shares of company stock valued at $1,033,979 in the last three months. 0.19% of the stock is currently owned by insiders.
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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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