KLA-Tencor Corporation (KLAC) Shares Sold by Kiwi Wealth Investments Limited Partnership
Kiwi Wealth Investments Limited Partnership cut its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 74.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,582 shares of the semiconductor company’s stock after selling 16,618 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in KLA-Tencor Corporation were worth $592,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in KLA-Tencor Corporation by 2.5% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,209 shares of the semiconductor company’s stock worth $4,368,000 after buying an additional 996 shares during the last quarter. Ifrah Financial Services Inc. acquired a new position in KLA-Tencor Corporation during the third quarter worth $753,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in KLA-Tencor Corporation by 62.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 236,063 shares of the semiconductor company’s stock worth $25,023,000 after buying an additional 90,427 shares during the last quarter. Toronto Dominion Bank raised its holdings in KLA-Tencor Corporation by 12.0% during the third quarter. Toronto Dominion Bank now owns 59,489 shares of the semiconductor company’s stock worth $6,306,000 after buying an additional 6,384 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in KLA-Tencor Corporation by 2.1% during the third quarter. New York State Common Retirement Fund now owns 361,000 shares of the semiconductor company’s stock worth $38,266,000 after buying an additional 7,500 shares during the last quarter. 89.87% of the stock is currently owned by institutional investors and hedge funds.
In other KLA-Tencor Corporation news, SVP Virendra A. Kirloskar sold 1,020 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total transaction of $95,604.60. Following the completion of the transaction, the senior vice president now owns 297 shares in the company, valued at $27,837.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bobby R. Bell sold 3,526 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $89.93, for a total transaction of $317,093.18. Following the transaction, the insider now owns 9,633 shares of the company’s stock, valued at approximately $866,295.69. The disclosure for this sale can be found here. Insiders have sold 32,637 shares of company stock valued at $3,260,560 in the last quarter. Company insiders own 0.20% of the company’s stock.
Several research firms have weighed in on KLAC. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor Corporation in a report on Friday, October 27th. B. Riley restated a “buy” rating and set a $129.00 price objective (up previously from $120.00) on shares of KLA-Tencor Corporation in a report on Friday, October 27th. Citigroup Inc. upped their price objective on shares of KLA-Tencor Corporation from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Thursday, October 19th. Finally, Stifel Nicolaus increased their target price on shares of KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $107.51.
KLA-Tencor Corporation (NASDAQ:KLAC) traded down $1.85 during midday trading on Friday, reaching $102.92. 273,058 shares of the company were exchanged, compared to its average volume of 1,233,013. KLA-Tencor Corporation has a 1-year low of $74.66 and a 1-year high of $110.00. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The stock has a market capitalization of $16,133.08, a P/E ratio of 15.65 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. During the same quarter last year, the company posted $1.16 earnings per share. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. research analysts predict that KLA-Tencor Corporation will post 7.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.29%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 36.14%.
KLA-Tencor Corporation 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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