Spectrum Management Group Inc. acquired a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 336 shares of the semiconductor company’s stock, valued at approximately $40,000.
A number of other hedge funds have also bought and sold shares of KLAC. NuWave Investment Management LLC acquired a new position in shares of KLA-Tencor in the 1st quarter worth approximately $27,000. Resources Investment Advisors Inc. acquired a new position in shares of KLA-Tencor in the 4th quarter worth approximately $29,000. JOYN Advisors Inc. grew its position in shares of KLA-Tencor by 251.0% in the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of KLA-Tencor by 9,077.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 3,668,943 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of KLA-Tencor in the 1st quarter worth approximately $60,000. Institutional investors own 92.44% of the company’s stock.
NASDAQ:KLAC opened at $124.35 on Wednesday. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $125.50. The company has a market cap of $18.82 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.30 and a beta of 1.61. The company has a quick ratio of 2.35, a current ratio of 3.03 and a debt-to-equity ratio of 1.24.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. Equities analysts expect that KLA-Tencor Corp will post 8.43 EPS for the current fiscal year.
In other KLA-Tencor news, insider Brian M. Trafas sold 1,114 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $107.00, for a total transaction of $119,198.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emiko Higashi sold 2,141 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total value of $251,417.63. Following the transaction, the director now owns 8,780 shares of the company’s stock, valued at approximately $1,031,035.40. The disclosure for this sale can be found here. Insiders have sold a total of 8,775 shares of company stock valued at $979,331 in the last quarter. 0.19% of the stock is currently owned by insiders.
Several research analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on KLA-Tencor in a research report on Thursday, March 7th. They issued an “overweight” rating and a $160.00 target price for the company. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Cowen restated an “outperform” rating and set a $120.00 price objective on shares of KLA-Tencor in a research report on Wednesday, January 30th. ValuEngine upgraded KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Friday, January 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $130.55.
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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