Legg Mason Asset Management Japan Co. Ltd. Lowers Holdings in KLA-Tencor Corp (KLAC)

Legg Mason Asset Management Japan Co. Ltd. lessened its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,700 shares of the semiconductor company’s stock after selling 400 shares during the period. KLA-Tencor comprises 1.1% of Legg Mason Asset Management Japan Co. Ltd.’s holdings, making the stock its 27th biggest position. Legg Mason Asset Management Japan Co. Ltd.’s holdings in KLA-Tencor were worth $869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resources Investment Advisors Inc. purchased a new stake in shares of KLA-Tencor in the 4th quarter worth approximately $29,000. JOYN Advisors Inc. lifted its position in shares of KLA-Tencor by 251.0% in the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 246 shares during the period. Whittier Trust Co. lifted its position in shares of KLA-Tencor by 73.7% in the 4th quarter. Whittier Trust Co. now owns 773 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 328 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of KLA-Tencor in the 4th quarter worth approximately $72,000. Finally, Chiron Investment Management LLC purchased a new stake in shares of KLA-Tencor in the 4th quarter worth approximately $81,000. 91.29% of the stock is owned by hedge funds and other institutional investors.

NASDAQ KLAC opened at $119.62 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35. The company has a market cap of $18.11 billion, a P/E ratio of 14.95, a PEG ratio of 1.24 and a beta of 1.61. KLA-Tencor Corp has a 52 week low of $80.65 and a 52 week high of $122.40.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.20 by $0.24. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. During the same quarter in the previous year, the business posted $1.97 EPS. Research analysts forecast that KLA-Tencor Corp will post 8.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.51%. KLA-Tencor’s payout ratio is 37.50%.

In other KLA-Tencor news, Director Emiko Higashi sold 2,141 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $117.43, for a total transaction of $251,417.63. Following the transaction, the director now owns 8,780 shares in the company, valued at approximately $1,031,035.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian M. Trafas sold 1,114 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $107.00, for a total transaction of $119,198.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,775 shares of company stock worth $979,331 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on KLAC. Zacks Investment Research cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. BidaskClub raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. JPMorgan Chase & Co. initiated coverage on shares of KLA-Tencor in a research note on Thursday, March 7th. They set an “overweight” rating and a $160.00 price objective for the company. Cowen reiterated an “outperform” rating and set a $140.00 price objective (up previously from $130.00) on shares of KLA-Tencor in a research note on Thursday, March 7th. Finally, Deutsche Bank boosted their price objective on shares of KLA-Tencor from $105.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, February 25th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. KLA-Tencor currently has a consensus rating of “Buy” and an average target price of $130.92.

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KLA-Tencor Profile

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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