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Bremer Trust National Association has bought a new stake in KLA-Tencor Corp. (NASDAQ: KLAC) in the 2nd quarter, according to its more The institutional investor has bought 6,332 shares of the company of semiconductors, valued at about $ 649,000
Other hedge funds have also added or reduced their holdings in the company. Services Inc. increased its holdings of KLA-Tencor stock by 52.3% in the fourth quarter, while Ladenburg Thalmann Financial Services Inc. now holds 7,066 shares of the semiconductor company valued at $ 742,000 after vesting 2,425 additional shares in the last quarter. Sigma Securities LLC bought a new position in KLA-Tencor shares in the fourth quarter worth about $ 400,000. Covington Capital Management bought a new position in KLA-Tencor shares in the fourth quarter was valued at approximately $ 242,000. IBM Retirement Fund increased its holdings of KLA-Tencor shares by 48.8% in the first quarter. IBM Retirement Fund now holds 3,455 shares of the semiconductor company valued at $ 377,000 after acquiring 1,133 additional shares in the last quarter. Lastly, QS Investors LLC increased its holdings of KLA-Tencor shares by 19.6% in the fourth quarter. QS Investors LLC now holds 7,528 shares of the semiconductor company valued at $ 791,000 after acquiring an additional 1,233 shares in the last quarter. 90.98% of the stock is held by institutional investors.
Several research firms have recently published reports on KLAC. Zacks Investment Research took KLA-Tencor from "hold" to "buy" and set a target price of $ 117.00 for the company in a report on Wednesday, June 27. BidaskClub lowered KLA-Tencor from a "buy" rating to a "hold" rating in a report on Thursday, June 21st. Citigroup increased its target price on KLA-Tencor from $ 122.00 to $ 127.00 and gave the company a "buy" rating in a report on Monday, April 30th. Needham & Company LLC lowered KLA-Tencor from a "buy" rating to a "hold" note in a report on Friday, June 22. Finally, Cowen launched a cover on KLA-Tencor in a report on Monday, May 14th. They issued an "outperformance" rating and a target price of $ 140.00 for the company. Five research badysts rated the stock with a conservation rating and twelve issued a buy-to-action rating. KLA-Tencor currently has an average rating of "Buy" and a consensus price target of $ 131.93
KLA-Tencor stock opened at $ 104.55 on Friday. KLA-Tencor Corp. has a 12-month low of $ 87.93 and a high of $ 12.93 in 12 months. The company has a current ratio of 3.78, a ratio of 3.07 and a debt ratio of 1.80. The company has a market capitalization of $ 16.53 billion, a P / E ratio of 17.60, a PEG ratio of 0.73 and a beta of 1.53.
KLA-Tencor (NASDAQ: KLAC) last published its quarterly results on Thursday, April 26. The semiconductor company reported earnings per share of $ 2.02 for the quarter, outperforming the consensus estimate of $ 1.99 per $ 0.03. The company achieved a business turnover of $ 1.02 billion for the quarter, compared with a consensus estimate of $ 1 billion. KLA-Tencor had a return on equity of 86.87% and a net margin of 18.17%. KLA-Tencor's sales figure for the quarter increased 11.7% year-on-year. In the same quarter of the previous year, the company generated earnings per share of $ 1.62. Analysts predict that KLA-Tencor Corp will post 7.93 earnings per share for the current year.
KLA-Tencor announced that its board of directors initiated a share repurchase program on Monday, March 19 which authorizes the company to buy back $ 2.00 billion of outstanding shares . This repurchase authorization authorizes the semiconductor company to redeem shares of its stock through purchases in the open market. Stock repurchase programs usually indicate that the board of directors of the company believes that its shares are undervalued.
KLA-Tencor Profile
KLA-Tencor Corporation designs, manufactures and markets process control and performance management solutions for the semiconductor and nanoelectronics industries in the whole world. It offers chip manufacturing products, such as front defect inspection tools, defect control systems, advanced packaging process control systems, metrology solutions, test products and more. in situ monitoring and lithography software; platelet products including platelet products including surface and defect inspection, platelet geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as metrology products for fault inspection and pattern placement.
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