Investors Buy KLA-Tencor (KLAC) on Weakness
Investors bought shares of KLA-Tencor Corp (NASDAQ:KLAC) on weakness during trading on Thursday. $49.86 million flowed into the stock on the tick-up and $30.74 million flowed out of the stock on the tick-down, for a money net flow of $19.12 million into the stock. Of all stocks tracked, KLA-Tencor had the 32nd highest net in-flow for the day. KLA-Tencor traded down ($0.76) for the day and closed at $108.91
Several brokerages recently weighed in on KLAC. Stifel Nicolaus increased their price target on KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. B. Riley reaffirmed a “buy” rating and set a $142.00 price target (up from $129.00) on shares of KLA-Tencor in a report on Monday, January 22nd. KeyCorp increased their price target on KLA-Tencor from $134.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Needham & Company LLC increased their price target on KLA-Tencor from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $120.57.
The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. The company has a market capitalization of $17,057.50, a price-to-earnings ratio of 26.62 and a beta of 1.53.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio (DPR) is currently 56.87%.
In other news, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the transaction, the director now owns 15,229 shares in the company, valued at $1,542,088.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard P. Wallace sold 13,299 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the transaction, the insider now owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,091 shares of company stock valued at $2,533,647. Company insiders own 0.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in KLAC. Raymond James Financial Services Advisors Inc. increased its position in shares of KLA-Tencor by 15.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,966 shares of the semiconductor company’s stock valued at $546,000 after buying an additional 786 shares in the last quarter. Shell Asset Management Co. increased its position in shares of KLA-Tencor by 170.9% in the third quarter. Shell Asset Management Co. now owns 25,274 shares of the semiconductor company’s stock valued at $1,991,000 after buying an additional 15,943 shares in the last quarter. APG Asset Management N.V. increased its position in shares of KLA-Tencor by 118.6% in the third quarter. APG Asset Management N.V. now owns 441,605 shares of the semiconductor company’s stock valued at $46,810,000 after buying an additional 239,600 shares in the last quarter. Strs Ohio increased its position in shares of KLA-Tencor by 7.0% in the third quarter. Strs Ohio now owns 10,756 shares of the semiconductor company’s stock valued at $1,140,000 after buying an additional 708 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of KLA-Tencor in the third quarter valued at $360,000. Institutional investors and hedge funds own 90.65% of the company’s stock.
KLA-Tencor Company 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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