Oppenheimer & Co. Inc. Acquires Shares of 3,244 KLA-Tencor Corp (NASDAQ:KLAC)

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Oppenheimer & Co. Inc. acquired a new stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) in the third quarter, Holdings Channel reports. The firm acquired 3,244 shares of the semiconductor company’s stock, valued at approximately $517,000.

A number of other large investors also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its stake in KLA-Tencor by 7.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 14,604 shares of the semiconductor company’s stock valued at $2,329,000 after buying an additional 1,056 shares during the last quarter. California Public Employees Retirement System raised its stake in KLA-Tencor by 24.4% during the third quarter. California Public Employees Retirement System now owns 353,637 shares of the semiconductor company’s stock valued at $56,387,000 after buying an additional 69,361 shares during the last quarter. Hikari Power Ltd purchased a new position in shares of KLA-Tencor in the third quarter worth $257,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of KLA-Tencor by 5.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,668 shares of the semiconductor company’s stock worth $6,644,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of KLA-Tencor by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,115 shares of the semiconductor company’s stock worth $1,134,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.

KLAC stock opened at $174.21 on Friday. The stock has a market capitalization of $27.14 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.47 and a beta of 1.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.60. The business has a fifty day moving average price of $163.20 and a 200-day moving average price of $135.27. KLA-Tencor Corp has a 1-year low of $80.65 and a 1-year high of $175.43.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.35 billion. KLA-Tencor had a return on equity of 54.53% and a net margin of 23.03%. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. As a group, analysts anticipate that KLA-Tencor Corp will post 9.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $0.85 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.95%. KLA-Tencor’s dividend payout ratio is 35.46%.

Several research analysts have recently weighed in on KLAC shares. Bank of America boosted their price target on KLA-Tencor from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research note on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price target on KLA-Tencor from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Credit Suisse Group boosted their price target on KLA-Tencor from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, BidaskClub upgraded KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $176.08.

In other news, insider Ahmad A. Khan sold 4,278 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $141.62, for a total value of $605,850.36. Following the completion of the transaction, the insider now owns 7,834 shares of the company’s stock, valued at $1,109,451.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Amichai Steimberg sold 8,962 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $138.80, for a total value of $1,243,925.60. Following the completion of the sale, the chief executive officer now owns 19,892 shares in the company, valued at $2,761,009.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,410 shares of company stock valued at $4,535,477. Corporate insiders own 0.19% of the company’s stock.

About KLA-Tencor

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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