Marshall Wace LLP Takes Position in KLA-Tencor Corp (KLAC)

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Marshall Wace LLP acquired a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the second quarter, HoldingsChannel reports. The institutional investor acquired 60,004 shares of the semiconductor company’s stock, valued at approximately $6,152,000.

A number of other hedge funds have also made changes to their positions in KLAC. Aperio Group LLC grew its holdings in KLA-Tencor by 10.6% during the first quarter. Aperio Group LLC now owns 75,909 shares of the semiconductor company’s stock worth $8,275,000 after acquiring an additional 7,306 shares during the period. Thrivent Financial for Lutherans grew its holdings in KLA-Tencor by 2,091.8% during the first quarter. Thrivent Financial for Lutherans now owns 139,573 shares of the semiconductor company’s stock worth $15,215,000 after acquiring an additional 133,205 shares during the period. First Mercantile Trust Co. grew its holdings in KLA-Tencor by 121.7% during the first quarter. First Mercantile Trust Co. now owns 1,299 shares of the semiconductor company’s stock worth $142,000 after acquiring an additional 713 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in KLA-Tencor by 88.9% during the first quarter. Thompson Siegel & Walmsley LLC now owns 23,959 shares of the semiconductor company’s stock worth $2,612,000 after acquiring an additional 11,273 shares during the period. Finally, Korea Investment CORP grew its holdings in KLA-Tencor by 199.6% during the first quarter. Korea Investment CORP now owns 326,451 shares of the semiconductor company’s stock worth $35,586,000 after acquiring an additional 217,500 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

KLA-Tencor stock opened at $104.47 on Friday. The company has a current ratio of 3.73, a quick ratio of 2.97 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.13 and a beta of 1.57. KLA-Tencor Corp has a fifty-two week low of $96.12 and a fifty-two week high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.08. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $1.64 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. equities analysts predict that KLA-Tencor Corp will post 9.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.87%. KLA-Tencor’s dividend payout ratio is currently 37.50%.

In other news, CFO Bren D. Higgins sold 2,609 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $116.55, for a total value of $304,078.95. Following the sale, the chief financial officer now directly owns 13,089 shares in the company, valued at $1,525,522.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian M. Trafas sold 649 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $116.42, for a total value of $75,556.58. The disclosure for this sale can be found here. Insiders sold 52,115 shares of company stock worth $6,100,246 over the last 90 days. Company insiders own 0.20% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Wednesday, June 27th. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. ValuEngine lowered KLA-Tencor from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Finally, B. Riley lowered their target price on KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $136.28.

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.

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Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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