Susquehanna Fundamental Investments LLC Takes Position in KLA-Tencor Corp (KLAC)

Susquehanna Fundamental Investments LLC acquired a new position in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the 1st quarter, Holdings Channel reports. The fund acquired 18,200 shares of the semiconductor company’s stock, valued at approximately $1,984,000.

Other large investors have also bought and sold shares of the company. Institutional & Family Asset Management LLC bought a new stake in KLA-Tencor during the first quarter worth about $107,000. Silvant Capital Management LLC purchased a new position in KLA-Tencor in the first quarter worth about $123,000. First Mercantile Trust Co. raised its holdings in KLA-Tencor by 121.7% in the first quarter. First Mercantile Trust Co. now owns 1,299 shares of the semiconductor company’s stock worth $142,000 after buying an additional 713 shares during the last quarter. Centaurus Financial Inc. purchased a new position in KLA-Tencor in the first quarter worth about $176,000. Finally, Stelac Advisory Services LLC purchased a new position in KLA-Tencor in the first quarter worth about $182,000. 91.12% of the stock is currently owned by institutional investors and hedge funds.

KLA-Tencor opened at $112.96 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.78 and a quick ratio of 3.07. KLA-Tencor Corp has a twelve month low of $87.93 and a twelve month high of $123.96. The company has a market cap of $17.53 billion, a PE ratio of 19.02, a P/E/G ratio of 0.87 and a beta of 1.52.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.03. KLA-Tencor had a net margin of 18.17% and a return on equity of 86.87%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. research analysts predict that KLA-Tencor Corp will post 7.94 EPS for the current fiscal year.

KLA-Tencor declared that its board has authorized a stock repurchase plan on Monday, March 19th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Several research analysts have issued reports on KLAC shares. UBS Group started coverage on shares of KLA-Tencor in a report on Wednesday, April 4th. They issued a “buy” rating and a $150.00 target price for the company. Zacks Investment Research cut shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 2nd. Citigroup raised shares of KLA-Tencor from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a report on Thursday, February 15th. ValuEngine cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Finally, Bank of America started coverage on shares of KLA-Tencor in a report on Wednesday, March 21st. They issued a “buy” rating and a $140.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Buy” and an average price target of $127.53.

KLA-Tencor Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.

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

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