KLA-Tencor Corp (KLAC) Position Trimmed by Colony Group LLC
Colony Group LLC cut its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,594 shares of the semiconductor company’s stock after selling 836 shares during the quarter. Colony Group LLC’s holdings in KLA-Tencor were worth $5,893,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KLAC. Janus Henderson Group PLC raised its holdings in shares of KLA-Tencor by 24,123.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after purchasing an additional 4,290,618 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of KLA-Tencor by 375.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock worth $118,799,000 after purchasing an additional 885,147 shares during the period. Pictet Asset Management Ltd. raised its holdings in shares of KLA-Tencor by 46.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock worth $259,075,000 after purchasing an additional 770,480 shares during the period. Koch Industries Inc. raised its holdings in shares of KLA-Tencor by 16,899.5% in the 2nd quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock worth $737,000 after purchasing an additional 740,876 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of KLA-Tencor by 9,592.9% in the 3rd quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock worth $67,668,000 after purchasing an additional 631,791 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.
In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 600 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.52, for a total transaction of $60,912.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $110.00, for a total value of $55,000.00. Following the sale, the director now owns 13,588 shares of the company’s stock, valued at approximately $1,494,680. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,400 shares of company stock valued at $3,585,084. 0.20% of the stock is owned by insiders.
Shares of KLA-Tencor Corp (KLAC) opened at $103.85 on Tuesday. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a 12 month low of $76.56 and a 12 month high of $110.00. The stock has a market capitalization of $16,294.49, a PE ratio of 15.80, a PEG ratio of 0.67 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $946.86 million. During the same quarter last year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. analysts expect that KLA-Tencor Corp will post 7.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.27%. KLA-Tencor’s dividend payout ratio (DPR) is presently 36.14%.
A number of research firms have recently commented on KLAC. KeyCorp restated a “hold” rating on shares of KLA-Tencor in a report on Sunday, October 15th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a report on Monday, October 16th. Argus began coverage on KLA-Tencor in a research note on Wednesday, November 29th. They issued a “buy” rating and a $125.00 target price for the company. B. Riley reiterated a “buy” rating and issued a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $108.68.
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KLA-Tencor Company Profile
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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