KLA-Tencor Corp (NASDAQ:KLAC) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in KLA-Tencor Corp (NASDAQ:KLAC) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,374,467 shares of the semiconductor company’s stock after acquiring an additional 125,142 shares during the period. Geode Capital Management LLC owned about 1.57% of KLA-Tencor worth $212,281,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of KLA-Tencor by 5.4% during the 3rd quarter. Legal & General Group Plc now owns 799,989 shares of the semiconductor company’s stock worth $81,367,000 after buying an additional 40,648 shares during the last quarter. Vanguard Group Inc lifted its position in shares of KLA-Tencor by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock worth $1,781,510,000 after buying an additional 103,504 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of KLA-Tencor by 4.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 39,469 shares of the semiconductor company’s stock worth $3,532,000 after buying an additional 1,800 shares during the last quarter. Suffolk Capital Management LLC lifted its position in shares of KLA-Tencor by 1.8% during the 4th quarter. Suffolk Capital Management LLC now owns 123,110 shares of the semiconductor company’s stock worth $11,017,000 after buying an additional 2,173 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of KLA-Tencor by 10.5% during the 4th quarter. IFM Investors Pty Ltd now owns 8,845 shares of the semiconductor company’s stock worth $792,000 after buying an additional 840 shares during the last quarter. Institutional investors own 88.93% of the company’s stock.

NASDAQ KLAC traded down $1.24 during trading hours on Friday, hitting $109.70. 1,107,333 shares of the company’s stock were exchanged, compared to its average volume of 1,604,569. 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 Corp has a 1-year low of $80.65 and a 1-year high of $129.03. The stock has a market capitalization of $17.66 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.18 and a beta of 1.71.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $1.80 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $1.08 billion. During the same quarter last year, the firm posted $2.02 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts expect that KLA-Tencor Corp will post 8.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.73%. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.

KLAC has been the subject of several research reports. 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. Deutsche Bank increased their target price on KLA-Tencor from $105.00 to $115.00 and gave the company a “hold” rating in a research report on Monday, February 25th. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Stifel Nicolaus increased their target price on KLA-Tencor from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Cowen reiterated an “outperform” rating and issued a $140.00 target price (up from $130.00) on shares of KLA-Tencor in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. KLA-Tencor currently has a consensus rating of “Hold” and an average price target of $133.36.

In other KLA-Tencor news, EVP Teri A. Little sold 1,500 shares of KLA-Tencor stock in a transaction dated Tuesday, May 14th. The stock was 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 owns 5,517 shares of the company’s stock, valued at $608,966.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ahmad A. Khan sold 3,633 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total value of $422,336.25. Following the completion of the transaction, the executive vice president now directly owns 549 shares in the company, valued at $63,821.25. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

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About KLA-Tencor

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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Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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