Kendall Capital Management boosted its position in KLA-Tencor Corp (NASDAQ:KLAC) by 8.1% during the first quarter, Holdings Channel reports. The fund owned 15,770 shares of the semiconductor company’s stock after acquiring an additional 1,180 shares during the period. KLA-Tencor accounts for 1.8% of Kendall Capital Management’s holdings, making the stock its 11th largest holding. Kendall Capital Management’s holdings in KLA-Tencor were worth $1,883,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in KLA-Tencor in the 4th quarter worth $157,620,000. Delphi Management Inc. MA purchased a new stake in shares of KLA-Tencor in the 4th quarter worth about $1,006,000. CIBC Asset Management Inc lifted its position in shares of KLA-Tencor by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 22,741 shares of the semiconductor company’s stock worth $2,035,000 after purchasing an additional 96 shares during the period. Country Club Trust Company n.a. lifted its position in shares of KLA-Tencor by 20.3% in the 4th quarter. Country Club Trust Company n.a. now owns 69,491 shares of the semiconductor company’s stock worth $6,219,000 after purchasing an additional 11,709 shares during the period. Finally, OLD National Bancorp IN lifted its position in shares of KLA-Tencor by 26.3% in the 4th quarter. OLD National Bancorp IN now owns 27,500 shares of the semiconductor company’s stock worth $2,461,000 after purchasing an additional 5,730 shares during the period. 92.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ KLAC opened at $107.07 on Tuesday. KLA-Tencor Corp has a 1 year low of $80.65 and a 1 year high of $129.03. The stock has a market cap of $17.55 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.61 and a quick ratio of 1.84.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the company posted $2.02 EPS. KLA-Tencor’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that KLA-Tencor Corp will post 8.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.80%. KLA-Tencor’s dividend payout ratio (DPR) is currently 37.50%.
Several equities research analysts have recently commented on the stock. BidaskClub cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. KeyCorp raised their target price on shares of KLA-Tencor from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Finally, UBS Group raised their target price 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. KLA-Tencor presently has a consensus rating of “Buy” and a consensus target price of $133.36.
In related news, CFO Bren D. Higgins sold 1,669 shares of KLA-Tencor stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.63, for a total transaction of $194,655.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teri A. Little sold 1,500 shares of KLA-Tencor 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 transaction, the executive vice president now directly owns 5,517 shares of the company’s stock, valued at $608,966.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,943 shares of company stock valued at $1,033,979. 0.19% of the stock is currently owned by corporate insiders.
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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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