Rockefeller Capital Management L.P. acquired a new stake in KLA-Tencor Corp (NASDAQ:KLAC) during the first quarter, HoldingsChannel reports. The fund acquired 1,477 shares of the semiconductor company’s stock, valued at approximately $176,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in shares of KLA-Tencor during the 1st quarter valued at about $25,000. Advisors Preferred LLC bought a new stake in shares of KLA-Tencor during the 1st quarter valued at about $26,000. NuWave Investment Management LLC bought a new stake in shares of KLA-Tencor during the 1st quarter valued at about $27,000. Resources Investment Advisors Inc. bought a new stake in shares of KLA-Tencor during the 4th quarter valued at about $29,000. Finally, JOYN Advisors Inc. boosted its position in shares of KLA-Tencor by 251.0% during the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 88.93% of the company’s stock.
KLAC opened at $110.94 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61. KLA-Tencor Corp has a 52-week low of $80.65 and a 52-week high of $129.03. The company has a market cap of $17.79 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71.
KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $2.02 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that KLA-Tencor Corp will post 8.42 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.70%. KLA-Tencor’s dividend payout ratio is presently 37.50%.
In other KLA-Tencor news, EVP Teri A. Little sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total value of $165,570.00. Following the sale, the executive vice president now directly owns 5,517 shares of the company’s stock, valued at $608,966.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ahmad A. Khan sold 3,633 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total value of $422,336.25. Following the completion of the sale, the executive vice president now directly owns 549 shares in the company, valued at $63,821.25. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
A number of research firms recently weighed in on KLAC. Goldman Sachs Group began coverage on KLA-Tencor in a research report on Tuesday, April 9th. They issued a “sell” rating and a $107.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. UBS Group boosted their target price on KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Cowen reaffirmed an “outperform” rating and issued a $145.00 price target (up from $140.00) on shares of KLA-Tencor in a research note on Tuesday, May 7th. Finally, KeyCorp lifted their price target on KLA-Tencor from $143.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $133.36.
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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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