Cambridge Investment Research Advisors Inc. Increases Position in KLA-Tencor Corporation (KLAC)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,432 shares of the semiconductor company’s stock after buying an additional 457 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in KLA-Tencor Corporation were worth $1,087,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KLAC. Cohen Capital Management Inc. purchased a new stake in KLA-Tencor Corporation during the first quarter valued at approximately $119,000. Ledyard National Bank purchased a new stake in KLA-Tencor Corporation during the first quarter valued at approximately $135,000. Trust Co. of Vermont raised its stake in KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 45 shares in the last quarter. Tyers Asset Management LLC purchased a new stake in KLA-Tencor Corporation during the fourth quarter valued at approximately $176,000. Finally, IFP Advisors Inc raised its stake in KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 928 shares in the last quarter. Institutional investors own 91.93% of the company’s stock.

Institutional Ownership by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

KLA-Tencor Corporation (NASDAQ:KLAC) traded down 2.73% during trading on Tuesday, reaching $98.26. 651,777 shares of the company were exchanged. The stock has a 50 day moving average price of $102.18 and a 200 day moving average price of $91.62. The firm has a market capitalization of $15.40 billion, a PE ratio of 16.41 and a beta of 1.61. KLA-Tencor Corporation has a 12 month low of $66.88 and a 12 month high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.08. The firm had revenue of $914 million for the quarter, compared to analysts’ expectations of $895.69 million. KLA-Tencor Corporation had a net margin of 27.20% and a return on equity of 106.36%. The firm’s revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 EPS. On average, analysts expect that KLA-Tencor Corporation will post $5.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.16 dividend on an annualized basis and a yield of 2.14%. KLA-Tencor Corporation’s payout ratio is 36.06%.

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Several analysts recently commented on KLAC shares. BidaskClub lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday. B. Riley restated a “buy” rating and set a $115.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and set a $100.00 price target (up previously from $85.00) on shares of KLA-Tencor Corporation in a research report on Saturday, April 29th. Stifel Nicolaus lifted their target price on shares of KLA-Tencor Corporation from $83.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, March 28th. Finally, Susquehanna Bancshares Inc reiterated a “negative” rating on shares of KLA-Tencor Corporation in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $93.83.

In related news, insider Bobby R. Bell sold 5,695 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the sale, the insider now directly owns 1 shares of the company’s stock, valued at approximately $100.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Brian Lorig sold 1,663 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $99.81, for a total transaction of $165,984.03. Following the completion of the sale, the senior vice president now directly owns 1,346 shares in the company, valued at $134,344.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,858 shares of company stock worth $986,284. 0.26% of the stock is owned by corporate insiders.

KLA-Tencor Corporation 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:KLAC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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