First Trust Advisors LP raised its position in KLA-Tencor Corp (NASDAQ:KLAC) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,025,933 shares of the semiconductor company’s stock after acquiring an additional 204,981 shares during the quarter. First Trust Advisors LP’s holdings in KLA-Tencor were worth $107,795,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after buying an additional 750 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of KLA-Tencor during the third quarter worth approximately $148,000. Edge Advisors LLC grew its position in shares of KLA-Tencor by 77.8% during the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after buying an additional 872 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of KLA-Tencor during the third quarter worth approximately $212,000. Finally, Foundry Partners LLC acquired a new stake in shares of KLA-Tencor during the third quarter worth approximately $215,000. 91.08% of the stock is owned by institutional investors.
KLA-Tencor Corp (NASDAQ KLAC) opened at $107.47 on Thursday. The company has a market cap of $16,321.38, a price-to-earnings ratio of 25.90 and a beta of 1.53. The company has a quick ratio of 3.06, a current ratio of 3.73 and a debt-to-equity ratio of 2.03. KLA-Tencor Corp has a 1-year low of $86.69 and a 1-year high of $121.65.
The firm also recently disclosed 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 2.79%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s payout ratio is currently 56.87%.
A number of research firms have recently weighed in on KLAC. BidaskClub downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Citigroup raised shares of KLA-Tencor from a “neutral” rating to a “buy” rating in a research report on Thursday. B. Riley reissued a “buy” rating and set a $142.00 price target (up previously from $129.00) on shares of KLA-Tencor in a research report on Monday, January 22nd. ValuEngine raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. KLA-Tencor has a consensus rating of “Buy” and a consensus target price of $120.57.
In other KLA-Tencor news, SVP Brian Lorig sold 836 shares of KLA-Tencor stock in a transaction on Friday, November 17th. The shares were sold at an average price of $105.76, for a total value of $88,415.36. Following the completion of the transaction, the senior vice president now owns 566 shares of the company’s stock, valued at $59,860.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Emiko Higashi sold 1,775 shares of KLA-Tencor stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $120.00, for a total transaction of $213,000.00. Following the completion of the transaction, the director now directly owns 9,519 shares of the company’s stock, valued at approximately $1,142,280. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,493 shares of company stock valued at $2,783,360. 0.20% of the stock is currently owned by corporate insiders.
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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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