Great West Life Assurance Co. Can boosted its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,702 shares of the semiconductor company’s stock after acquiring an additional 1,837 shares during the period. Great West Life Assurance Co. Can owned 0.07% of KLA-Tencor worth $12,227,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. Harel Insurance Investments & Financial Services Ltd. lifted its stake in KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares in the last quarter. Sun Life Financial INC lifted its stake in KLA-Tencor by 14,300.0% during the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,144 shares in the last quarter. Grove Bank & Trust lifted its stake in KLA-Tencor by 30.2% during the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in KLA-Tencor during the third quarter worth $148,000. Finally, Edge Advisors LLC increased its position in shares of KLA-Tencor by 77.8% during the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 872 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.
KLA-Tencor Corp (NASDAQ KLAC) opened at $103.87 on Monday. The company has a market capitalization of $16,277.25, a price-to-earnings ratio of 15.79 and a beta of 1.63. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a twelve month low of $74.66 and a twelve month high of $110.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, November 14th. KLA-Tencor’s dividend payout ratio (DPR) is presently 36.14%.
In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $110.00, for a total value of $55,000.00. Following the completion of the transaction, the director now owns 13,588 shares in the company, valued at $1,494,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 1,020 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total transaction of $95,604.60. Following the completion of the transaction, the senior vice president now owns 297 shares of the company’s stock, valued at approximately $27,837.81. The disclosure for this sale can be found here. Insiders sold 42,427 shares of company stock worth $4,338,059 in the last three months. 0.20% of the stock is currently owned by corporate insiders.
KLAC has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor in a research report on Thursday, August 31st. Goldman Sachs Group lowered KLA-Tencor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $108.00 to $97.00 in a research report on Wednesday, September 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor in a research report on Friday, September 1st. B. Riley reaffirmed a “buy” rating and set a $129.00 price objective (up previously from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.68.
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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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