Macquarie Group Ltd. increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1,925.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,100 shares of the semiconductor company’s stock after acquiring an additional 7,700 shares during the quarter. Macquarie Group Ltd.’s holdings in KLA-Tencor were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in KLAC. Sun Life Financial INC boosted its position in shares of KLA-Tencor by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 1,144 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 750 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in KLA-Tencor in the third quarter valued at about $148,000. Checchi Capital Advisers LLC lifted its position in KLA-Tencor by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 44 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new position in KLA-Tencor in the second quarter valued at about $214,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
KLAC has been the topic of a number of recent analyst reports. Goldman Sachs Group cut shares of KLA-Tencor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $108.00 to $97.00 in a research report on Wednesday, September 13th. B. Riley reaffirmed a “buy” rating and issued a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Argus began coverage on shares of KLA-Tencor in a research note on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $110.32.
In related news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $101.26, for a total transaction of $50,630.00. Following the sale, the director now directly owns 15,229 shares in the company, valued at $1,542,088.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward W. Barnholt sold 10,914 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $104.90, for a total transaction of $1,144,878.60. The disclosure for this sale can be found here. Insiders have sold 30,164 shares of company stock worth $3,138,144 over the last 90 days. Insiders own 0.20% of the company’s stock.
KLA-Tencor Corp (NASDAQ KLAC) traded up $1.06 during mid-day trading on Tuesday, hitting $106.13. 1,689,130 shares of the company were exchanged, compared to its average volume of 1,389,100. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. KLA-Tencor Corp has a 12-month low of $77.86 and a 12-month high of $114.43. The stock has a market capitalization of $16,650.00, a price-to-earnings ratio of 16.28 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. sell-side analysts forecast that KLA-Tencor Corp will post 7.31 earnings per share for the current fiscal year.
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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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