Mn Services Vermogensbeheer B.V. raised its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,143 shares of the semiconductor company’s stock after acquiring an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in KLA-Tencor were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. American International Group Inc. raised its holdings in KLA-Tencor by 2,121.4% during the 4th quarter. American International Group Inc. now owns 4,417,470 shares of the semiconductor company’s stock valued at $395,319,000 after buying an additional 4,218,609 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of KLA-Tencor by 9,077.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock worth $41,000 after buying an additional 3,668,943 shares in the last quarter. Norges Bank bought a new position in shares of KLA-Tencor during the 4th quarter worth $157,620,000. FMR LLC grew its position in shares of KLA-Tencor by 91.1% during the 4th quarter. FMR LLC now owns 2,103,482 shares of the semiconductor company’s stock worth $188,240,000 after buying an additional 1,002,949 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its position in KLA-Tencor by 69.2% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,452,622 shares of the semiconductor company’s stock valued at $9,525,000 after purchasing an additional 594,056 shares in the last quarter. 92.81% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:KLAC opened at $108.60 on Friday. The stock has a market cap of $17.58 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.61. KLA-Tencor Corp has a 1 year low of $80.65 and a 1 year high of $129.03. The company has a quick ratio of 1.84, a current ratio of 2.61 and a debt-to-equity ratio of 1.10.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.76%. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.
A number of research firms have commented on KLAC. UBS Group increased their price target on KLA-Tencor from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC reiterated a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. Cowen reissued an “outperform” rating and issued a $145.00 price objective (up from $140.00) on shares of KLA-Tencor in a report on Tuesday, May 7th. KeyCorp raised their price objective on KLA-Tencor from $143.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Finally, BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $133.36.
In related news, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total value of $165,570.00. Following the completion of the sale, the executive vice president now directly owns 5,517 shares of the company’s stock, valued at approximately $608,966.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 1,669 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.63, for a total value of $194,655.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,943 shares of company stock valued at $1,033,979. Insiders own 0.19% of the company’s stock.
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KLA-Tencor Company Profile
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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