Decatur Capital Management Inc. decreased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 27.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,613 shares of the semiconductor company’s stock after selling 18,075 shares during the period. KLA-Tencor accounts for about 1.8% of Decatur Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. Decatur Capital Management Inc.’s holdings in KLA-Tencor were worth $7,432,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in KLAC. Hexavest Inc. bought a new position in shares of KLA-Tencor in the second quarter valued at $28,000. Valeo Financial Advisors LLC grew its position in KLA-Tencor by 560.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 297 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in KLA-Tencor during the 2nd quarter worth approximately $47,000. Princeton Global Asset Management LLC purchased a new position in KLA-Tencor during the 2nd quarter worth approximately $48,000. Finally, TD Capital Management LLC purchased a new position in KLA-Tencor during the 2nd quarter worth approximately $52,000. 87.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KLA-Tencor stock traded up $3.86 on Friday, hitting $161.26. 40,250 shares of the company traded hands, compared to its average volume of 1,651,544. The company has a 50-day moving average price of $152.33 and a 200 day moving average price of $128.83. The company has a quick ratio of 1.73, a current ratio of 2.44 and a debt-to-equity ratio of 1.19. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $162.68. The company has a market cap of $24.49 billion, a PE ratio of 19.07, a PEG ratio of 1.40 and a beta of 1.71.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company posted $2.22 EPS. KLA-Tencor’s revenue was up 17.6% on a year-over-year basis. Equities research analysts anticipate that KLA-Tencor Corp will post 9.5 EPS for the current year.
In other news, CFO Bren D. Higgins sold 6,751 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $158.01, for a total transaction of $1,066,725.51. Following the transaction, the chief financial officer now directly owns 1,692 shares in the company, valued at approximately $267,352.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Virendra A. Kirloskar sold 1,988 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $130.46, for a total transaction of $259,354.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,284 shares of company stock worth $6,893,570. 0.19% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on KLAC shares. Wells Fargo & Co lifted their price objective on shares of KLA-Tencor from $120.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. ValuEngine cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “hold” rating on shares of KLA-Tencor in a research report on Wednesday, September 18th. BidaskClub upgraded shares of KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Finally, Citigroup lifted their price objective on shares of KLA-Tencor from $156.50 to $180.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $154.23.
KLA-Tencor Company Profile
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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