World Asset Management Inc decreased its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 11.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,619 shares of the semiconductor company’s stock after selling 2,014 shares during the period. World Asset Management Inc’s holdings in KLA-Tencor Corporation were worth $1,429,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust raised its position in KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after buying an additional 290 shares during the period. Cohen Capital Management Inc. acquired a new position in KLA-Tencor Corporation during the first quarter worth $119,000. Ledyard National Bank acquired a new position in KLA-Tencor Corporation during the first quarter worth $135,000. Trust Co. of Vermont raised its position 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 worth $138,000 after buying an additional 45 shares during the period. Finally, IFP Advisors Inc raised its position 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 worth $195,000 after buying an additional 928 shares during the period. Institutional investors own 91.96% of the company’s stock.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up 3.19% on Friday, reaching $90.34. 1,069,552 shares of the company’s stock were exchanged. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 15.36 and a beta of 1.62. KLA-Tencor Corporation has a one year low of $66.89 and a one year high of $109.59. The company’s 50 day moving average is $95.09 and its 200-day moving average is $95.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.77 EPS. On average, analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.59 dividend. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio is presently 36.73%.
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A number of research firms have weighed in on KLAC. BidaskClub lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $115.00 price target on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. UBS AG lowered shares of KLA-Tencor Corporation to a “neutral” rating in a research report on Monday, April 17th. B. Riley restated a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc restated a “negative” rating on shares of KLA-Tencor Corporation in a report on Monday, April 17th. Three 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’s stock. KLA-Tencor Corporation presently has an average rating of “Hold” and a consensus target price of $98.86.
In related news, Director Kevin Kennedy sold 2,500 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $91.33, for a total transaction of $228,325.00. Following the transaction, the director now owns 6,219 shares of the company’s stock, valued at approximately $567,981.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bobby R. Bell sold 5,695 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $100.54, for a total value of $572,575.30. Following the transaction, the insider now directly owns 1 shares in the company, valued at approximately $100.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,615 shares of company stock worth $3,525,173. Corporate insiders own 0.26% of the company’s stock.
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.
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