Nordea Investment Management AB Raises Holdings in KLA-Tencor Corp (KLAC)

Nordea Investment Management AB grew its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 9,592.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 638,377 shares of the semiconductor company’s stock after acquiring an additional 631,791 shares during the period. Nordea Investment Management AB owned 0.41% of KLA-Tencor worth $67,668,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KLAC. Janus Henderson Group PLC lifted its position in KLA-Tencor by 24,123.6% during the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after acquiring an additional 4,290,618 shares during the last quarter. Ameriprise Financial Inc. lifted its position 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 worth $118,799,000 after acquiring an additional 885,147 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in KLA-Tencor by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock worth $259,075,000 after acquiring an additional 770,480 shares during the last quarter. Koch Industries Inc. lifted its position in KLA-Tencor by 16,899.5% during the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock worth $737,000 after acquiring an additional 740,876 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in KLA-Tencor by 2.4% during the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock worth $1,544,879,000 after acquiring an additional 402,970 shares during the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.

KLAC has been the topic of several recent research reports. Stifel Nicolaus raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and raised their target price for the stock from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor in a report on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a report on Thursday, October 19th. B. Riley reaffirmed a “buy” rating and set a $129.00 target price (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. Finally, BidaskClub cut shares of KLA-Tencor from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $107.51.

In related news, EVP Teri A. Little sold 1,566 shares of KLA-Tencor stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $103.00, for a total value of $161,298.00. Following the transaction, the executive vice president now directly owns 6,892 shares of the company’s stock, valued at $709,876. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 2,559 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $239,855.07. Following the sale, the chief financial officer now directly owns 854 shares in the company, valued at approximately $80,045.42. The disclosure for this sale can be found here. Insiders sold 42,427 shares of company stock worth $4,338,059 over the last three months. 0.20% of the stock is currently owned by insiders.

KLA-Tencor Corp (KLAC) opened at $105.04 on Monday. The stock has a market cap of $16,460.61, a P/E ratio of 15.96 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. KLA-Tencor Corp has a one year low of $74.66 and a one year high of $110.00.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data 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. The business had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. equities analysts anticipate that KLA-Tencor Corp will post 7.16 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.25%. KLA-Tencor’s dividend payout ratio (DPR) is 36.14%.

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KLA-Tencor 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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Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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