KLA-Tencor Corp (KLAC) Holdings Cut by QS Investors LLC
QS Investors LLC lessened its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,066 shares of the semiconductor company’s stock after selling 29,364 shares during the period. QS Investors LLC’s holdings in KLA-Tencor were worth $5,286,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Kempner Capital Management Inc. bought a new position in KLA-Tencor in the fourth quarter valued at about $3,488,000. Pensionfund Sabic bought a new position in KLA-Tencor in the fourth quarter valued at about $1,486,000. Country Club Trust Company n.a. grew its position in KLA-Tencor by 20.3% in the fourth quarter. Country Club Trust Company n.a. now owns 69,491 shares of the semiconductor company’s stock valued at $6,219,000 after acquiring an additional 11,709 shares during the last quarter. Federated Investors Inc. PA grew its position in KLA-Tencor by 40.4% in the third quarter. Federated Investors Inc. PA now owns 240,617 shares of the semiconductor company’s stock valued at $24,473,000 after acquiring an additional 69,239 shares during the last quarter. Finally, OLD National Bancorp IN grew its position in KLA-Tencor by 26.3% in the fourth quarter. OLD National Bancorp IN now owns 27,500 shares of the semiconductor company’s stock valued at $2,461,000 after acquiring an additional 5,730 shares during the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.
Shares of KLAC stock opened at $119.62 on Friday. KLA-Tencor Corp has a 12 month low of $80.65 and a 12 month high of $122.40. The stock has a market cap of $18.11 billion, a PE ratio of 14.95, a PEG ratio of 1.24 and a beta of 1.61. The company has a current ratio of 3.03, a quick ratio of 2.35 and a debt-to-equity ratio of 1.24.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, February 14th. KLA-Tencor’s dividend payout ratio is currently 37.50%.
A number of analysts have recently commented on the company. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Stifel Nicolaus lifted their price target on KLA-Tencor from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Friday, January 18th. ValuEngine raised KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Deutsche Bank lifted their price target on KLA-Tencor from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Monday, February 25th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. KLA-Tencor presently has an average rating of “Buy” and an average price target of $130.92.
In related news, insider Brian M. Trafas sold 1,114 shares of KLA-Tencor stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $107.00, for a total value of $119,198.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Emiko Higashi sold 2,141 shares of KLA-Tencor stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total value of $251,417.63. Following the completion of the transaction, the director now directly owns 8,780 shares in the company, valued at $1,031,035.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,775 shares of company stock worth $979,331. 0.19% of the stock is owned by 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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