State Board of Administration of Florida Retirement System decreased its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,645 shares of the company’s stock after selling 10,647 shares during the period. State Board of Administration of Florida Retirement System’s holdings in KLA-Tencor Corporation were worth $18,068,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of KLA-Tencor Corporation by 31.4% in the third quarter. Nationwide Fund Advisors now owns 153,669 shares of the company’s stock worth $10,712,000 after buying an additional 36,700 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of KLA-Tencor Corporation by 15.3% in the third quarter. APG Asset Management N.V. now owns 271,305 shares of the company’s stock worth $18,913,000 after buying an additional 36,038 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of KLA-Tencor Corporation during the second quarter worth approximately $10,987,000. OLD National Bancorp IN boosted its stake in shares of KLA-Tencor Corporation by 14.8% in the third quarter. OLD National Bancorp IN now owns 17,541 shares of the company’s stock worth $1,223,000 after buying an additional 2,258 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of KLA-Tencor Corporation by 2.1% in the third quarter. Principal Financial Group Inc. now owns 243,363 shares of the company’s stock worth $16,964,000 after buying an additional 4,927 shares during the period. 90.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 86.99 on Wednesday. The company has a market capitalization of $13.63 billion, a P/E ratio of 15.81 and a beta of 1.62. KLA-Tencor Corporation has a 52-week low of $64.78 and a 52-week high of $88.12. The stock’s 50 day moving average price is $82.92 and its 200-day moving average price is $76.04.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 26th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. KLA-Tencor Corporation had a return on equity of 120.32% and a net margin of 26.50%. The business had revenue of $877 million for the quarter, compared to the consensus estimate of $838.78 million. During the same quarter in the prior year, the business earned $1.04 earnings per share. KLA-Tencor Corporation’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities analysts expect that KLA-Tencor Corporation will post $5.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.48%. KLA-Tencor Corporation’s dividend payout ratio is presently 39.27%.
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Several brokerages have recently issued reports on KLAC. Vetr lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating and set a $82.32 price target for the company. in a report on Monday, November 21st. Needham & Company LLC lifted their target price on KLA-Tencor Corporation from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, October 21st. Credit Suisse Group increased their price target on KLA-Tencor Corporation from $85.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Zacks Investment Research raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Monday, January 30th. Finally, Summit Redstone cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. KLA-Tencor Corporation currently has a consensus rating of “Buy” and a consensus price target of $87.83.
In other KLA-Tencor Corporation news, Director Kiran M. Patel sold 6,000 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $82.45, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 2,141 shares in the company, valued at $176,525.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian M. Trafas sold 3,064 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $86.89, for a total transaction of $266,230.96. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $434,450. The disclosure for this sale can be found here. Insiders have sold a total of 44,064 shares of company stock worth $3,531,881 in the last ninety days. Insiders own 0.26% of the company’s stock.
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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