Ontario Teachers Pension Plan Board raised its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,141 shares of the semiconductor company’s stock after purchasing an additional 1,134 shares during the period. Ontario Teachers Pension Plan Board’s holdings in KLA-Tencor were worth $1,211,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc boosted its position in shares of KLA-Tencor by 0.6% during the third quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after buying an additional 103,504 shares during the last quarter. Quantamental Technologies LLC purchased a new position in KLA-Tencor in the fourth quarter worth $72,000. Deprince Race & Zollo Inc. boosted its position in KLA-Tencor by 2.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 197,244 shares of the semiconductor company’s stock worth $17,651,000 after purchasing an additional 4,563 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in KLA-Tencor by 20.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,815 shares of the semiconductor company’s stock worth $967,000 after purchasing an additional 1,822 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in KLA-Tencor by 44.8% in the fourth quarter. First Mercantile Trust Co. now owns 1,390 shares of the semiconductor company’s stock worth $124,000 after purchasing an additional 430 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on KLAC shares. Stifel Nicolaus boosted their price objective 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 reaffirmed an “outperform” rating and set a $140.00 price target (up previously from $130.00) on shares of KLA-Tencor in a research report on Thursday, March 7th. JPMorgan Chase & Co. started coverage on KLA-Tencor in a research report on Thursday, March 7th. They set an “overweight” rating and a $160.00 price target on the stock. BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $131.61.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.02 EPS. As a group, equities analysts anticipate that KLA-Tencor Corp will post 8.4 earnings per share for the current year.
The firm also recently announced 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 was Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.46%. KLA-Tencor’s dividend payout ratio is currently 37.50%.
In other KLA-Tencor news, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was 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 in the company, valued at approximately $608,966.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ahmad A. Khan sold 3,633 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was 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 owns 549 shares in the company, valued at $63,821.25. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.
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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