Quantbot Technologies LP Invests $9.51 Million in KLA-Tencor Corporation (KLAC)
Quantbot Technologies LP bought a new stake in KLA-Tencor Corporation (NASDAQ:KLAC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 103,935 shares of the semiconductor company’s stock, valued at approximately $9,511,000. KLA-Tencor Corporation comprises approximately 0.9% of Quantbot Technologies LP’s portfolio, making the stock its 13th largest position. Quantbot Technologies LP owned about 0.07% of KLA-Tencor Corporation as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in shares of KLA-Tencor Corporation by 0.6% in the 2nd quarter. M&T Bank Corp now owns 17,633 shares of the semiconductor company’s stock valued at $1,613,000 after acquiring an additional 110 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of KLA-Tencor Corporation by 1.3% in the 2nd quarter. California Public Employees Retirement System now owns 411,138 shares of the semiconductor company’s stock valued at $37,623,000 after acquiring an additional 5,400 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in shares of KLA-Tencor Corporation in the 2nd quarter valued at about $2,288,000. TIAA FSB bought a new stake in shares of KLA-Tencor Corporation in the 2nd quarter valued at about $1,886,000. Finally, Vanguard Group Inc. lifted its stake in shares of KLA-Tencor Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after acquiring an additional 402,970 shares during the last quarter. 89.16% of the stock is owned by institutional investors.
KLA-Tencor Corporation (KLAC) remained flat at $99.66 on Thursday. 319,155 shares of the company were exchanged. The firm’s 50 day moving average is $92.98 and its 200-day moving average is $96.89. The company has a market cap of $15.63 billion, a P/E ratio of 16.95 and a beta of 1.62. KLA-Tencor Corporation has a 12-month low of $68.43 and a 12-month high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. On average, equities research analysts expect that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is currently 40.14%.
In other news, SVP Virendra A. Kirloskar sold 436 shares of KLA-Tencor Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.99, for a total transaction of $40,107.64. Following the completion of the sale, the senior vice president now owns 297 shares of the company’s stock, valued at $27,321.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total transaction of $28,806.36. Following the sale, the senior vice president now directly owns 611 shares of the company’s stock, valued at approximately $56,053.14. The disclosure for this sale can be found here. Insiders have sold 83,350 shares of company stock valued at $7,560,869 in the last ninety days. Insiders own 0.26% of the company’s stock.
A number of equities research analysts have recently weighed in on KLAC shares. Cowen and Company boosted their target price on KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. UBS AG reissued a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus reissued a “hold” rating and issued a $102.00 target price (up previously from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc reissued a “reduce” rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $99.40.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/quantbot-technologies-lp-invests-9-51-million-in-kla-tencor-corporation-klac/1578469.html.
KLA-Tencor Corporation 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.
Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.