KLA-Tencor Corporation (KLAC) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,209 shares of the semiconductor company’s stock after purchasing an additional 996 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in KLA-Tencor Corporation were worth $4,368,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Ifrah Financial Services Inc. purchased a new stake in shares of KLA-Tencor Corporation during the third quarter worth approximately $753,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of 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 purchasing an additional 90,427 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of 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 purchasing an additional 6,384 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of 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 purchasing an additional 7,500 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of KLA-Tencor Corporation by 62.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 75,999 shares of the semiconductor company’s stock worth $8,056,000 after purchasing an additional 29,306 shares during the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.
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In related news, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the sale, the director now directly owns 13,588 shares in the company, valued at approximately $1,494,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Virendra A. Kirloskar sold 1,020 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were 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 in the company, valued at $27,837.81. The disclosure for this sale can be found here. Insiders sold a total of 43,551 shares of company stock worth $4,405,438 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.
Several equities research analysts have recently commented on KLAC shares. BidaskClub cut KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. B. Riley reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research report on Friday, July 28th. Credit Suisse Group set a $115.00 price objective on KLA-Tencor Corporation and gave the stock a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 price objective (up previously from $102.00) on shares of KLA-Tencor Corporation in a research report on Sunday, July 30th. Finally, Zacks Investment Research cut KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $107.51.
Shares of KLA-Tencor Corporation (KLAC) traded down $3.12 during trading hours on Friday, reaching $101.65. The company’s stock had a trading volume of 1,690,000 shares, compared to its average volume of 1,520,000. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. KLA-Tencor Corporation has a 12-month low of $74.66 and a 12-month high of $110.00. The firm has a market cap of $15,950.00, a price-to-earnings ratio of 15.52 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.17. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The company’s revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. equities analysts predict that KLA-Tencor Corporation will post 7.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 14th. KLA-Tencor Corporation’s dividend payout ratio is currently 36.20%.
About KLA-Tencor Corporation
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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