Financial Gravity Wealth Inc. bought a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 680 shares of the semiconductor company’s stock, valued at approximately $83,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new stake in KLA-Tencor during the first quarter worth $27,000. Resources Investment Advisors Inc. bought a new position in shares of KLA-Tencor in the 4th quarter valued at $29,000. Spectrum Management Group Inc. bought a new position in shares of KLA-Tencor in the 1st quarter valued at $40,000. JOYN Advisors Inc. lifted its stake in shares of KLA-Tencor by 251.0% in the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of KLA-Tencor in the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
Shares of NASDAQ:KLAC opened at $124.20 on Monday. The firm has a market cap of $18.80 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.32 and a beta of 1.61. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $125.84.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. During the same period last year, the company earned $1.97 EPS. Analysts expect that KLA-Tencor Corp will post 8.43 earnings per share for the current fiscal year.
In other KLA-Tencor news, EVP Ahmad A. Khan sold 3,851 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $107.52, for a total transaction of $414,059.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian M. Trafas sold 1,114 shares of the stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $107.00, for a total value of $119,198.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,775 shares of company stock valued at $979,331. Company insiders own 0.19% of the company’s stock.
A number of brokerages have recently commented on KLAC. JPMorgan Chase & Co. began coverage on KLA-Tencor in a research note on Thursday, March 7th. They issued an “overweight” rating and a $160.00 price target for the company. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Cowen reaffirmed an “outperform” rating and set a $120.00 target price on shares of KLA-Tencor in a research report on Wednesday, January 30th. ValuEngine raised KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $130.55.
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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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