Rothschild Asset Management Inc. decreased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,722 shares of the semiconductor company’s stock after selling 296 shares during the period. Rothschild Asset Management Inc.’s holdings in KLA-Tencor Corp were worth $615,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Teachers Advisors LLC increased its position in shares of KLA-Tencor Corp by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 280,996 shares of the semiconductor company’s stock worth $22,109,000 after buying an additional 78,692 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of KLA-Tencor Corp by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,109 shares of the semiconductor company’s stock worth $12,844,000 after buying an additional 4,488 shares during the period. Raymond James Trust N.A. bought a new position in shares of KLA-Tencor Corp during the first quarter worth about $209,000. Creative Planning increased its position in shares of KLA-Tencor Corp by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock worth $416,000 after buying an additional 996 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of KLA-Tencor Corp by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock worth $4,800,000 after buying an additional 1,600 shares during the period. Institutional investors own 91.96% of the company’s stock.
KLA-Tencor Corp (NASDAQ:KLAC) opened at 88.14 on Friday. The firm has a 50-day moving average price of $95.27 and a 200 day moving average price of $95.56. KLA-Tencor Corp has a 1-year low of $66.89 and a 1-year high of $109.59. The company has a market capitalization of $13.82 billion, a P/E ratio of 14.99 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corp had a return on equity of 83.07% and a net margin of 27.29%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. On average, equities analysts predict that KLA-Tencor Corp will post $6.70 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from KLA-Tencor Corp’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.68%. KLA-Tencor Corp’s payout ratio is currently 36.73%.
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A number of research analysts recently issued reports on KLAC shares. UBS Group AG downgraded KLA-Tencor Corp to a “neutral” rating in a research note on Monday, April 17th. Susquehanna Bancshares Inc reiterated a “negative” rating on shares of KLA-Tencor Corp in a research note on Monday, April 17th. B. Riley reiterated a “buy” rating and set a $115.00 price objective on shares of KLA-Tencor Corp in a research note on Friday, April 28th. Cowen and Company reiterated an “outperform” rating and set a $115.00 price objective (up from $96.00) on shares of KLA-Tencor Corp in a research note on Friday, April 28th. Finally, Needham & Company LLC boosted their price objective on KLA-Tencor Corp from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. KLA-Tencor Corp currently has an average rating of “Hold” and an average price target of $98.86.
In other news, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corp stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total value of $28,806.36. Following the sale, the senior vice president now directly owns 611 shares of the company’s stock, valued at $56,053.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ahmad A. Khan sold 4,066 shares of KLA-Tencor Corp stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the sale, the executive vice president now directly owns 5,489 shares in the company, valued at $489,344.35. The disclosure for this sale can be found here. Insiders sold 37,648 shares of company stock worth $3,438,066 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.
KLA-Tencor Corp 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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