Sei Investments Co. cut its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 10.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 175,640 shares of the semiconductor company’s stock after selling 19,855 shares during the quarter. Sei Investments Co.’s holdings in KLA-Tencor were worth $18,455,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AlphaMark Advisors LLC raised its stake in KLA-Tencor by 1.6% during the 3rd quarter. AlphaMark Advisors LLC now owns 31,061 shares of the semiconductor company’s stock valued at $3,292,000 after buying an additional 488 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of KLA-Tencor by 1.4% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 35,140 shares of the semiconductor company’s stock worth $3,725,000 after purchasing an additional 492 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of KLA-Tencor by 8.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,459 shares of the semiconductor company’s stock worth $685,000 after purchasing an additional 493 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in shares of KLA-Tencor by 3.4% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,080 shares of the semiconductor company’s stock worth $1,584,000 after purchasing an additional 500 shares in the last quarter. Finally, Vestor Capital LLC increased its stake in shares of KLA-Tencor by 2.4% in the 3rd quarter. Vestor Capital LLC now owns 23,123 shares of the semiconductor company’s stock worth $2,451,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.
KLA-Tencor Corp (NASDAQ:KLAC) opened at $107.52 on Monday. KLA-Tencor Corp has a 1-year low of $87.41 and a 1-year high of $121.65. The company has a market cap of $16,839.79, a PE ratio of 15.29 and a beta of 1.53. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.79%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio is currently 56.87%.
In related news, EVP Ahmad A. Khan sold 2,975 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Emiko Higashi sold 500 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $101.26, for a total transaction of $50,630.00. Following the completion of the sale, the director now directly owns 15,229 shares in the company, valued at $1,542,088.54. The disclosure for this sale can be found here. Insiders have sold a total of 23,091 shares of company stock worth $2,533,647 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.
Several research firms have recently commented on KLAC. Citigroup upgraded KLA-Tencor from a “neutral” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Thursday. ValuEngine raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Zacks Investment Research downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $134.00 target price (up previously from $124.00) on shares of KLA-Tencor in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. KLA-Tencor currently has a consensus rating of “Buy” and an average price target of $120.57.
KLA-Tencor Company Profile
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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