Squar Milner Financial Services LLC increased its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 1,915.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,310 shares of the semiconductor company’s stock after acquiring an additional 1,245 shares during the period. Squar Milner Financial Services LLC’s holdings in KLA-Tencor were worth $155,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in KLAC. Advisors Preferred LLC bought a new position in shares of KLA-Tencor in the first quarter valued at approximately $26,000. NuWave Investment Management LLC bought a new position in shares of KLA-Tencor in the first quarter valued at approximately $27,000. Hexavest Inc. bought a new position in shares of KLA-Tencor in the second quarter valued at approximately $28,000. Spectrum Management Group Inc. bought a new position in shares of KLA-Tencor in the first quarter valued at approximately $40,000. Finally, Parallel Advisors LLC grew its holdings in shares of KLA-Tencor by 152.3% in the first quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 201 shares in the last quarter. 88.42% of the stock is owned by institutional investors.
Several research firms have recently issued reports on KLAC. Credit Suisse Group reaffirmed an “outperform” rating and issued a $170.00 target price (up from $130.00) on shares of KLA-Tencor in a report on Tuesday. UBS Group upped their target price on KLA-Tencor to $150.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on KLA-Tencor from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday. Deutsche Bank upped their target price on KLA-Tencor from $120.00 to $133.00 and gave the company a “hold” rating in a report on Tuesday. Finally, ValuEngine lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. KLA-Tencor has an average rating of “Buy” and a consensus target price of $142.21.
KLA-Tencor stock traded up $7.13 during trading on Tuesday, hitting $133.59. The stock had a trading volume of 1,520,974 shares, compared to its average volume of 1,427,929. KLA-Tencor Corp has a 1 year low of $80.65 and a 1 year high of $143.95. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61. The company’s 50 day moving average price is $124.83. The firm has a market cap of $21.53 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.39 and a beta of 1.73.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $2.22 earnings per share. KLA-Tencor’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts predict that KLA-Tencor Corp will post 8.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $3.00 annualized dividend and a yield of 2.25%. KLA-Tencor’s payout ratio is 37.50%.
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.
Further Reading: Ex-Dividend
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