Franklin Resources Inc. decreased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 35.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 748,130 shares of the semiconductor company’s stock after selling 415,486 shares during the period. Franklin Resources Inc. owned 0.48% of KLA-Tencor worth $78,606,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of KLAC. Advisor Group Inc. grew its holdings in KLA-Tencor by 96.1% in the 4th quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 951 shares during the last quarter. Edge Advisors LLC grew its holdings in KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 872 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in KLA-Tencor in the 3rd quarter valued at approximately $212,000. Cetera Advisor Networks LLC acquired a new stake in KLA-Tencor in the 3rd quarter valued at approximately $223,000. Finally, Underhill Investment Management LLC acquired a new stake in KLA-Tencor in the 4th quarter valued at approximately $257,000. 91.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of KLA-Tencor Corp (NASDAQ KLAC) opened at $120.62 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.73 and a debt-to-equity ratio of 2.03. KLA-Tencor Corp has a 52-week low of $87.93 and a 52-week high of $123.96. The company has a market capitalization of $18,921.27, a P/E ratio of 17.18 and a beta of 1.43.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio (DPR) is currently 56.87%.
A number of analysts have issued reports on KLAC shares. Argus started coverage on KLA-Tencor in a report on Wednesday, November 29th. They issued a “buy” rating and a $125.00 target price on the stock. Zacks Investment Research lowered KLA-Tencor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 12th. KeyCorp raised KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Monday, December 18th. Needham & Company LLC lowered KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 target price on the stock. in a report on Monday, January 8th. Finally, BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $120.57.
In related news, CFO Bren D. Higgins sold 854 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $112.92, for a total transaction of $96,433.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total value of $52,920.00. Following the transaction, the director now owns 15,131 shares of the company’s stock, valued at approximately $1,601,465.04. The disclosure for this sale can be found here. Insiders sold a total of 23,445 shares of company stock valued at $2,579,450 in the last quarter. Corporate insiders own 0.20% of the company’s stock.
KLA-Tencor Company Profile
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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