Dimensional Fund Advisors LP Has $68.30 Million Position in KLA-Tencor Corp (KLAC)
Dimensional Fund Advisors LP increased its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 644,338 shares of the semiconductor company’s stock after purchasing an additional 6,498 shares during the quarter. Dimensional Fund Advisors LP owned 0.41% of KLA-Tencor worth $68,296,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC raised its holdings in KLA-Tencor by 14,300.0% in the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in KLA-Tencor by 300.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares during the period. Bristlecone Advisors LLC acquired a new position in KLA-Tencor in the 3rd quarter worth about $148,000. Edge Advisors LLC raised its holdings in KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares during the period. Finally, Petrus Trust Company LTA acquired a new position in KLA-Tencor in the 2nd quarter worth about $214,000. 90.63% of the stock is owned by institutional investors.
In related news, insider Bobby R. Bell sold 4,236 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total value of $446,940.36. Following the completion of the sale, the insider now owns 8,908 shares of the company’s stock, valued at $939,883.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Virendra A. Kirloskar sold 600 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $60,912.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,400 shares of company stock valued at $3,585,084. Insiders own 0.20% of the company’s stock.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) opened at $107.85 on Friday. KLA-Tencor Corp has a fifty-two week low of $77.86 and a fifty-two week high of $114.43. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The company has a market capitalization of $16,920.00, a P/E ratio of 16.54 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The firm had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. research analysts forecast that KLA-Tencor Corp will post 7.31 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.19%. KLA-Tencor’s dividend payout ratio is presently 36.20%.
A number of research firms recently weighed in on KLAC. KeyCorp reaffirmed a “hold” rating on shares of KLA-Tencor in a report on Sunday, October 15th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 target price for the company in a report on Monday, October 16th. Argus started coverage on KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 target price for the company. B. Riley reissued a “buy” rating and set a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $110.32.
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KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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