Checchi Capital Advisers LLC purchased a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) in the first quarter, Holdings Channel reports. The institutional investor purchased 1,955 shares of the semiconductor company’s stock, valued at approximately $233,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in KLA-Tencor in the 1st quarter valued at about $26,000. NuWave Investment Management LLC purchased a new stake in KLA-Tencor in the 1st quarter valued at about $27,000. Resources Investment Advisors Inc. purchased a new stake in KLA-Tencor in the 4th quarter valued at about $29,000. JOYN Advisors Inc. boosted its position in KLA-Tencor by 251.0% in the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. Finally, Spectrum Management Group Inc. purchased a new stake in KLA-Tencor in the 1st quarter valued at about $40,000. 88.03% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now 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 available through the SEC website. Also, EVP Ahmad A. Khan sold 3,633 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total transaction of $422,336.25. Following the completion of the sale, the executive vice president now directly owns 549 shares of the company’s stock, valued at approximately $63,821.25. The disclosure for this sale can be found here. Insiders sold a total of 8,943 shares of company stock valued at $1,033,979 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.
Several equities research analysts have issued reports on KLAC shares. JPMorgan Chase & Co. started coverage on shares of KLA-Tencor in a research report on Thursday, March 7th. They issued an “overweight” rating and a $160.00 price objective for the company. Deutsche Bank boosted their price objective on shares of KLA-Tencor from $105.00 to $115.00 and gave the company a “hold” rating in a research report on Monday, February 25th. BidaskClub raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Stifel Nicolaus boosted their price objective on shares of KLA-Tencor from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Cowen reissued an “outperform” rating and issued a $120.00 price objective on shares of KLA-Tencor in a research report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. KLA-Tencor has a consensus rating of “Hold” and a consensus price target of $133.36.
Shares of KLAC opened at $103.81 on Friday. 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 market capitalization of $16.78 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.61. 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 quarterly earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $2.02 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that KLA-Tencor Corp will post 8.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.89%. KLA-Tencor’s payout ratio is presently 37.50%.
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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