US Bancorp DE lifted its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 17.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,399 shares of the semiconductor company’s stock after purchasing an additional 8,093 shares during the period. US Bancorp DE’s holdings in KLA-Tencor were worth $6,376,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of KLAC. Advisors Preferred LLC acquired a new position in shares of KLA-Tencor in the 1st quarter valued at $26,000. NuWave Investment Management LLC acquired a new position in shares of KLA-Tencor in the 1st quarter valued at $27,000. Resources Investment Advisors Inc. acquired a new position in shares of KLA-Tencor in the 4th quarter valued at $29,000. JOYN Advisors Inc. boosted its holdings 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 valued at $31,000 after purchasing an additional 246 shares during the last quarter. Finally, Spectrum Management Group Inc. acquired a new position in shares of KLA-Tencor in the 1st quarter valued at $40,000. 88.93% of the stock is owned by institutional investors and hedge funds.
KLA-Tencor stock opened at $113.46 on Tuesday. The firm has a market cap of $17.68 billion, a P/E ratio of 14.18, a PEG ratio of 1.18 and a beta of 1.70. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $129.03. The company has a current ratio of 2.61, a quick ratio of 1.84 and a debt-to-equity ratio of 1.10.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA-Tencor’s dividend payout ratio is presently 37.50%.
Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Stifel Nicolaus lifted their target price on shares of KLA-Tencor from $124.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, April 2nd. UBS Group lifted their target price on shares of KLA-Tencor from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $133.36.
In other news, EVP Ahmad A. Khan sold 3,633 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total transaction of $422,336.25. Following the sale, the executive vice president now owns 549 shares in the company, valued at $63,821.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $110.38, for a total transaction of $165,570.00. Following the completion of the transaction, the executive vice president now owns 5,517 shares in the company, valued at approximately $608,966.46. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.
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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