KLA-Tencor Corp (KLAC) Shares Bought by Norinchukin Bank The
Norinchukin Bank The boosted its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 7.1% in the 4th quarter, HoldingsChannel reports. The fund owned 12,970 shares of the semiconductor company’s stock after buying an additional 855 shares during the period. Norinchukin Bank The’s holdings in KLA-Tencor were worth $1,363,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of KLAC. Ameriprise Financial Inc. grew its stake in KLA-Tencor by 375.7% during the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after acquiring an additional 885,147 shares in the last quarter. Pictet Asset Management Ltd. grew its stake 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 buying an additional 770,480 shares in the last quarter. Nordea Investment Management AB grew its stake 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 buying an additional 631,791 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of KLA-Tencor by 176.2% in the 4th quarter. Schroder Investment Management Group now owns 724,904 shares of the semiconductor company’s stock worth $76,165,000 after buying an additional 462,404 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of KLA-Tencor by 41.0% in the 4th quarter. LSV Asset Management now owns 1,097,550 shares of the semiconductor company’s stock worth $115,319,000 after buying an additional 319,232 shares in the last quarter. 90.65% of the stock is owned by institutional investors.
In related news, Director Emiko Higashi sold 500 shares of KLA-Tencor stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $109.27, for a total transaction of $54,635.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ahmad A. Khan sold 2,975 shares of KLA-Tencor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $99.71, for a total transaction of $296,637.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,091 shares of company stock valued at $2,533,647. 0.20% of the stock is owned by corporate insiders.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The firm had revenue of $975.82 million during the quarter, compared to analysts’ expectations of $968.00 million. During the same period in the previous year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. analysts predict that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a dividend of $0.75 per share. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. KLA-Tencor’s payout ratio is currently 56.87%.
A number of brokerages have commented on KLAC. BidaskClub cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. B. Riley reissued a “buy” rating and issued a $142.00 price objective (up from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. ValuEngine raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS Group raised shares of KLA-Tencor to a “neutral” rating in a research note on Thursday. Finally, Zacks Investment Research cut shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. KLA-Tencor has an average rating of “Buy” and an average target price of $120.57.
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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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