Taylor Hoffman Wealth Management increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,794 shares of the semiconductor company’s stock after acquiring an additional 649 shares during the period. KLA-Tencor makes up about 1.1% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 26th largest position. Taylor Hoffman Wealth Management’s holdings in KLA-Tencor were worth $1,562,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its stake in KLA-Tencor by 9.8% in the second quarter. Asset Management One Co. Ltd. now owns 92,577 shares of the semiconductor company’s stock worth $10,944,000 after purchasing an additional 8,236 shares in the last quarter. American National Bank lifted its stake in shares of KLA-Tencor by 46.4% during the third quarter. American National Bank now owns 46,765 shares of the semiconductor company’s stock valued at $7,457,000 after acquiring an additional 14,828 shares during the period. ETRADE Capital Management LLC lifted its stake in shares of KLA-Tencor by 52.1% during the second quarter. ETRADE Capital Management LLC now owns 2,714 shares of the semiconductor company’s stock valued at $321,000 after acquiring an additional 930 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in shares of KLA-Tencor by 24.6% during the second quarter. Candriam Luxembourg S.C.A. now owns 11,610 shares of the semiconductor company’s stock valued at $1,366,000 after acquiring an additional 2,290 shares during the period. Finally, U S Global Investors Inc. acquired a new position in shares of KLA-Tencor during the second quarter valued at $1,816,000. 87.35% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Tuesday, October 29th. Evercore ISI raised KLA-Tencor from an “in-line” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Credit Suisse Group increased their target price on KLA-Tencor from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on KLA-Tencor from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $176.08.
Shares of KLA-Tencor stock traded up $2.26 during trading hours on Friday, hitting $174.21. The company’s stock had a trading volume of 648,900 shares, compared to its average volume of 1,560,923. KLA-Tencor Corp has a 12 month low of $80.65 and a 12 month high of $175.43. The company has a market capitalization of $27.14 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.72. The stock has a 50 day moving average of $163.20 and a 200 day moving average of $135.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.60.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.28. KLA-Tencor had a return on equity of 54.53% and a net margin of 23.03%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm posted $2.46 earnings per share. The business’s revenue was up 29.3% on a year-over-year basis. Equities analysts expect that KLA-Tencor Corp will post 9.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, November 15th. KLA-Tencor’s dividend payout ratio (DPR) is presently 35.46%.
In related news, EVP Teri A. Little sold 3,029 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $141.62, for a total transaction of $428,966.98. Following the completion of the sale, the executive vice president now directly owns 5,791 shares of the company’s stock, valued at approximately $820,121.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Amichai Steimberg sold 8,962 shares of KLA-Tencor stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $138.80, for a total value of $1,243,925.60. Following the sale, the chief executive officer now directly owns 19,892 shares of the company’s stock, valued at $2,761,009.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,410 shares of company stock valued at $4,535,477. Insiders own 0.19% of the company’s stock.
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.
Recommended Story: How can investors find ex-dividend dates?
Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.