Israel Discount Bank of New York grew its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,419 shares of the semiconductor company’s stock after purchasing an additional 135 shares during the quarter. Israel Discount Bank of New York’s holdings in KLA-Tencor were worth $409,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in KLA-Tencor by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 22,741 shares of the semiconductor company’s stock worth $2,035,000 after acquiring an additional 96 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in KLA-Tencor by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,813 shares of the semiconductor company’s stock worth $610,000 after acquiring an additional 120 shares during the last quarter. LS Investment Advisors LLC lifted its stake in KLA-Tencor by 2.8% in the first quarter. LS Investment Advisors LLC now owns 4,489 shares of the semiconductor company’s stock worth $536,000 after acquiring an additional 121 shares during the last quarter. Norway Savings Bank lifted its stake in KLA-Tencor by 4.9% in the first quarter. Norway Savings Bank now owns 3,190 shares of the semiconductor company’s stock worth $381,000 after acquiring an additional 150 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in shares of KLA-Tencor by 0.5% during the 4th quarter. AlphaMark Advisors LLC now owns 30,751 shares of the semiconductor company’s stock worth $2,752,000 after buying an additional 151 shares during the last quarter. 92.81% of the stock is owned by institutional investors and hedge funds.
Shares of KLA-Tencor stock traded down $1.17 during trading on Wednesday, reaching $105.66. The company’s stock had a trading volume of 3,078 shares, compared to its average volume of 1,606,907. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.17 and a beta of 1.61. KLA-Tencor Corp has a fifty-two week low of $80.65 and a fifty-two week high of $129.03. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.61 and a quick ratio of 1.84.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Monday, May 6th. The semiconductor company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.17. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.02 EPS. Analysts anticipate that KLA-Tencor Corp will post 8.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.84%. KLA-Tencor’s payout ratio is 37.50%.
Several brokerages have recently weighed in on KLAC. BidaskClub downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. KeyCorp boosted their price objective on shares of KLA-Tencor from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Finally, UBS Group boosted their price objective on shares of KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. KLA-Tencor has an average rating of “Buy” and a consensus target price of $133.36.
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 shares were sold at an average price of $110.38, for a total value of $165,570.00. Following the transaction, the executive vice president now directly owns 5,517 shares of the company’s stock, valued at approximately $608,966.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ahmad A. Khan sold 3,633 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total transaction of $422,336.25. Following the completion of the transaction, 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 sold a total of 8,943 shares of company stock worth $1,033,979 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.
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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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