KLA-Tencor Corp (KLAC) Stake Increased by Deutsche Bank AG
Deutsche Bank AG grew its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,322,056 shares of the semiconductor company’s stock after acquiring an additional 40,512 shares during the period. Deutsche Bank AG’s holdings in KLA-Tencor were worth $138,902,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Hillsdale Investment Management Inc. grew its stake in shares of KLA-Tencor by 4,857.1% during the third quarter. Hillsdale Investment Management Inc. now owns 3,470 shares of the semiconductor company’s stock valued at $367,000 after acquiring an additional 3,400 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of KLA-Tencor by 7.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 33,885 shares of the semiconductor company’s stock worth $3,592,000 after purchasing an additional 2,491 shares during the last quarter. Cypress Capital Group bought a new position in shares of KLA-Tencor during the third quarter worth about $336,000. E&G Advisors LP lifted its position in shares of KLA-Tencor by 36.0% during the fourth quarter. E&G Advisors LP now owns 6,800 shares of the semiconductor company’s stock worth $714,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Oakbrook Investments LLC lifted its position in shares of KLA-Tencor by 11.6% during the fourth quarter. Oakbrook Investments LLC now owns 14,115 shares of the semiconductor company’s stock worth $1,483,000 after purchasing an additional 1,470 shares during the last quarter. Institutional investors own 90.32% of the company’s stock.
Several equities analysts have recently commented on KLAC shares. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Wednesday, December 27th. KeyCorp raised shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price target on the stock in a research report on Monday, December 18th. Needham & Company LLC cut shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target on the stock. in a research report on Monday, January 8th. ValuEngine raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Argus started coverage on shares of KLA-Tencor in a research report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $120.57.
KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The firm had revenue of $975.82 million for the quarter, compared to analysts’ expectations of $968.00 million. During the same quarter last year, the company posted $1.52 earnings per share. KLA-Tencor’s revenue was up 11.3% on a year-over-year basis. equities analysts expect that KLA-Tencor Corp will post 7.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.48%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio (DPR) is currently 33.86%.
In other KLA-Tencor news, EVP Ahmad A. Khan sold 2,975 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bren D. Higgins sold 854 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $112.92, for a total transaction of $96,433.68. The disclosure for this sale can be found here. Insiders sold 23,445 shares of company stock worth $2,579,450 in the last three months. 0.20% of the stock is currently owned by corporate insiders.
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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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