James Investment Research Inc. increased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1,333.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,930 shares of the semiconductor company’s stock after purchasing an additional 20,400 shares during the period. James Investment Research Inc.’s holdings in KLA-Tencor were worth $2,231,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR grew its stake in shares of KLA-Tencor by 45.6% during the second quarter. Stephens Inc. AR now owns 14,585 shares of the semiconductor company’s stock worth $1,495,000 after purchasing an additional 4,565 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of KLA-Tencor during the third quarter worth $246,000. Royal London Asset Management Ltd. acquired a new stake in shares of KLA-Tencor during the second quarter worth $10,204,000. Meadow Creek Investment Management LLC grew its stake in shares of KLA-Tencor by 195.5% during the second quarter. Meadow Creek Investment Management LLC now owns 38,768 shares of the semiconductor company’s stock worth $3,975,000 after purchasing an additional 25,648 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of KLA-Tencor by 40.1% during the second quarter. Public Employees Retirement System of Ohio now owns 92,844 shares of the semiconductor company’s stock worth $9,519,000 after purchasing an additional 26,570 shares during the period. 91.96% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. B. Riley decreased their price objective on KLA-Tencor from $152.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. Evercore ISI decreased their price objective on KLA-Tencor to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, July 17th. KeyCorp decreased their target price on KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Wednesday, August 1st. Finally, Citigroup decreased their target price on KLA-Tencor from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $129.54.
NASDAQ:KLAC opened at $91.60 on Wednesday. KLA-Tencor Corp has a 1 year low of $84.59 and a 1 year high of $123.96. The company has a quick ratio of 2.97, a current ratio of 3.73 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 2.20 and a beta of 1.57.
KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. KLA-Tencor had a return on equity of 96.69% and a net margin of 22.05%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts anticipate that KLA-Tencor Corp will post 9.06 earnings per share for the current year.
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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