This article first appeared on GuruFocus.
ETF flows turned positive for Kla-Tencor on Monday after a one-day pullback, with net buying of $23.3 million. That followed a $8.6 million net outflow on Oct. 23 and a $20.1 million inflow on Oct. 22. The buying was broad, with 32 ETFs adding shares against 16 that sold, and 164 holding. The recent trend has been mostly positive, including $45.8 million on Oct. 21 and $107.0 million on Oct. 20.
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Which ETFs bought KLAC on Monday?
The largest buyers by dollar value were SOXX ($6.9 million), QQQM ($2.3 million) and IVW ($2.1 million). In all, 32 ETFs added shares and 16 cut them.
SOXX led the move, adding 46,296 shares worth $6.9 million, a 0.42% stake change at a 3.51% weight. QQQM added $2.3 million, IVW and QLD each added $2.1 million, and SPYM added $1.5 million. Smaller additions came from XLK, GARP and JQUA at $0.6 million each. Kla-Tencor sits in the Technology sector and the Semiconductor Equipment & Materials industry, with a market cap of $200.5 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 $13.57 billion, up 13.2% over the year. Gross margin was 60.1% and net margin 35.6%. The stock trades at a P/E of 41.89, P/B of 31.63 and P/S of 14.93, against a $200.5 billion market cap. Its GF Score is 96, and at $153.66 the price sits above the GF Value of $115.77. The dividend yield is 0.56%, and the stock is up 26.93% year to date.