This article first appeared on GuruFocus.
ETFs bought $52.3 million of Kla-Tencor (KLAC) in Tuesday’s session, with 44 funds adding shares against 19 that sold. The net buying extended a three-day streak of same-direction ETF flows. The prior two sessions brought net inflows of $63.6 million on Nov. 2 and $54.3 million on Oct. 30, following a net outflow of $54.7 million on Oct. 29.
See all ETF and guru trades in KLAC on its KLAC guru trades page.
Which ETFs bought KLAC on Tuesday?
The largest buyers by dollar value were GPIX ($4.2 million), IVV ($3.3 million) and SPY ($3.2 million). In all, 44 ETFs added shares and 19 cut them.
Among the funds behind the move, GPIX added 26,794 shares for a $4.2 million value change, lifting its stake by 20.97%. IVV added 21,252 shares ($3.3 million) and SPY added 20,412 shares ($3.2 million), while QQQM and QQQ each added shares worth $2.7 million and $2.2 million. SOXQ, with a 3.88% weight in the stock, added 9,936 shares for a $1.6 million value change. Kla-Tencor sits in the Technology sector within the Semiconductor Equipment & Materials industry and carries a market cap of $195.2 billion.
Have ETFs been buying or selling KLAC lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.
What does KLAC do?
KLA Corporation is the world’s leading supplier of process control and yield management systems for semiconductor manufacturing. Its inspection and metrology tools find defects and measure critical dimensions on wafers, reticles, and masks throughout the chip fabrication process, enabling manufacturers to improve yields at leading-edge nodes where tolerances are measured in atoms.
Kla-Tencor reported trailing-12-month revenue of $14.50 billion, up 17.1% over one year, with a gross margin of 60.8% and a net margin of 36.3%. The stock trades at a P/E of 37.43, P/B of 29.93 and P/S of 13.59, against a market cap of $195.2 billion. Its GF Score is 96, and the GF Value of $123.26 compares with a price of $149.79. The dividend yield is 0.53% and the year-to-date return is 23.73%.
