OxFORD Asset Management LLP reduced its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 34.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,024 shares of the semiconductor company’s stock after selling 32,058 shares during the quarter. OxFORD Asset Management LLP’s holdings in KLA-Tencor were worth $6,353,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KLAC. Vanguard Group Inc. grew its stake in shares of KLA-Tencor by 2.4% during the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after buying an additional 402,970 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of 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 valued at $394,262,000 after buying an additional 4,290,618 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of 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 valued at $259,075,000 after buying an additional 770,480 shares during the last quarter. Northern Trust Corp grew its stake in shares of KLA-Tencor by 0.3% during the second quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock valued at $181,960,000 after buying an additional 6,922 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of 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 buying an additional 885,147 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $100.88 on Tuesday. KLA-Tencor Corp has a 52 week low of $76.21 and a 52 week high of $110.00. The stock has a market capitalization of $16,277.25, a P/E ratio of 15.79 and a beta of 1.63. 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 (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, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. KLA-Tencor’s revenue 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.34%. KLA-Tencor’s dividend payout ratio (DPR) is currently 36.14%.
KLAC has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor in a research note 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 research note on Friday, September 1st. Stifel Nicolaus upped their target price on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Citigroup upped their target price on KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group cut KLA-Tencor from a “buy” rating to a “neutral” rating and cut their target price for the company from $108.00 to $97.00 in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $108.68.
In other KLA-Tencor news, CFO Bren D. Higgins sold 2,559 shares of the company’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 completion of the sale, the chief financial officer now owns 854 shares in the company, valued at $80,045.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Virendra A. Kirloskar sold 1,020 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total value of $95,604.60. Following the sale, the senior vice president now owns 297 shares of the company’s stock, valued at approximately $27,837.81. The disclosure for this sale can be found here. In the last three months, insiders sold 42,427 shares of company stock worth $4,338,059. 0.20% of the stock is owned by insiders.
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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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