Wealthfront Advisers LLC grew its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 13.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,346 shares of the semiconductor company’s stock after purchasing an additional 506 shares during the period. Wealthfront Advisers LLC’s holdings in KLA-Tencor were worth $519,000 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. Vanguard Group Inc raised its position in KLA-Tencor by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after purchasing an additional 103,504 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in KLA-Tencor by 2.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 197,244 shares of the semiconductor company’s stock valued at $17,651,000 after purchasing an additional 4,563 shares during the last quarter. BB&T Securities LLC raised its position in KLA-Tencor by 41.8% during the 4th quarter. BB&T Securities LLC now owns 5,734 shares of the semiconductor company’s stock valued at $513,000 after purchasing an additional 1,691 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in KLA-Tencor by 9,077.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 3,668,943 shares during the last quarter. Finally, Cerity Partners LLC raised its position in KLA-Tencor by 10.1% during the 4th quarter. Cerity Partners LLC now owns 3,095 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 88.93% of the company’s stock.
In related news, EVP Ahmad A. Khan sold 3,633 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total transaction of $422,336.25. Following the completion of the transaction, the executive vice president now owns 549 shares of the company’s stock, valued at approximately $63,821.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teri A. Little sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $110.38, for a total value of $165,570.00. Following the transaction, 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. 0.19% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:KLAC opened at $109.70 on Friday. KLA-Tencor Corp has a 52-week low of $80.65 and a 52-week high of $129.03. The company has a market capitalization of $17.73 billion, a PE ratio of 13.71, a PEG ratio of 1.18 and a beta of 1.71. 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 announced its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. 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 company earned $2.02 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that KLA-Tencor Corp will post 8.42 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Tuesday, May 14th. KLA-Tencor’s dividend payout ratio is currently 37.50%.
A number of research analysts have commented on KLAC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. KeyCorp increased their target price on KLA-Tencor from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Stifel Nicolaus increased their target price on KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Cowen reissued an “outperform” rating and issued a $145.00 target price (up previously from $140.00) on shares of KLA-Tencor in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. initiated coverage on KLA-Tencor in a research report on Thursday, March 7th. They issued an “overweight” rating and a $160.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $133.36.
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.
Recommended Story: Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.