KLA-Tencor Corp (KLAC) Shares Bought by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc lifted its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 34.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,800 shares of the semiconductor company’s stock after acquiring an additional 3,000 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in KLA-Tencor were worth $1,200,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in KLA-Tencor by 187.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,042 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 679 shares during the period. Sonora Investment Management LLC raised its holdings in KLA-Tencor by 905.7% in the 2nd quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 960 shares in the last quarter. Exane Asset Management acquired a new position in KLA-Tencor in the 2nd quarter valued at $165,000. Piedmont Investment Advisors LLC acquired a new position in KLA-Tencor in the 2nd quarter valued at $181,000. Finally, First Mercantile Trust Co. raised its holdings in KLA-Tencor by 41.1% in the 2nd quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 534 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.
In other news, insider Brian M. Trafas sold 674 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $93.74, for a total transaction of $63,180.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Virendra A. Kirloskar sold 632 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $93.74, for a total value of $59,243.68. The disclosure for this sale can be found here. Insiders have sold a total of 21,693 shares of company stock valued at $2,479,380 in the last three months. 0.19% of the stock is owned by insiders.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. KLA-Tencor had a return on equity of 93.99% and a net margin of 22.05%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. KLA-Tencor’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts forecast that KLA-Tencor Corp will post 9.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Saturday, November 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.30%. KLA-Tencor’s dividend payout ratio (DPR) is currently 37.50%.
Several equities analysts have weighed in on KLAC shares. Citigroup dropped their price objective on KLA-Tencor from $128.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Zacks Investment Research cut KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub cut KLA-Tencor from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Evercore ISI raised KLA-Tencor from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a report on Tuesday, September 4th. Finally, ValuEngine cut KLA-Tencor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. KLA-Tencor presently has an average rating of “Hold” and a consensus price target of $129.54.
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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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