Conning Inc. Continues to Hold Position in KLA-Tencor Corp. (KLAC)
Conning Inc. held its position in KLA-Tencor Corp. (NASDAQ:KLAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,682 shares of the company’s stock at the end of the second quarter. Conning Inc.’s holdings in KLA-Tencor Corp. were worth $343,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of KLAC. Renaissance Technologies LLC increased its position in KLA-Tencor Corp. by 470.3% in the first quarter. Renaissance Technologies LLC now owns 577,584 shares of the company’s stock worth $42,054,000 after buying an additional 476,300 shares in the last quarter. Geode Capital Management LLC increased its position in KLA-Tencor Corp. by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,302,094 shares of the company’s stock worth $94,619,000 after buying an additional 26,126 shares in the last quarter. Legal & General Group Plc increased its position in KLA-Tencor Corp. by 0.4% in the first quarter. Legal & General Group Plc now owns 707,256 shares of the company’s stock worth $51,493,000 after buying an additional 2,945 shares in the last quarter. M&T Bank Corp increased its position in KLA-Tencor Corp. by 9.8% in the first quarter. M&T Bank Corp now owns 10,495 shares of the company’s stock worth $764,000 after buying an additional 940 shares in the last quarter. Finally, Glazer Capital LLC bought a new position in KLA-Tencor Corp. during the first quarter worth $6,043,000. 85.80% of the stock is currently owned by institutional investors.
KLA-Tencor Corp. (NASDAQ:KLAC) traded up 1.00% during midday trading on Monday, reaching $70.41. 1,822,580 shares of the company were exchanged. The firm’s 50-day moving average is $69.49 and its 200-day moving average is $71.81. The firm has a market cap of $10.98 billion, a P/E ratio of 15.68 and a beta of 1.75. KLA-Tencor Corp. has a one year low of $51.15 and a one year high of $77.85.
KLA-Tencor Corp. (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.35. KLA-Tencor Corp. had a net margin of 23.60% and a return on equity of 159.94%. The firm had revenue of $919.17 million for the quarter, compared to the consensus estimate of $842.10 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. On average, equities analysts expect that KLA-Tencor Corp. will post $4.88 EPS for the current fiscal year.
A number of brokerages have recently commented on KLAC. Cowen and Company raised shares of KLA-Tencor Corp. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $79.00 to $80.00 in a research note on Monday, August 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Wednesday, September 28th. Credit Suisse Group AG raised shares of KLA-Tencor Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the company from $82.00 to $85.00 in a research note on Tuesday, September 13th. Citigroup Inc. raised their target price on shares of KLA-Tencor Corp. from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG raised their target price on shares of KLA-Tencor Corp. from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.46.
In related news, CFO Bren D. Higgins sold 363 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $72.23, for a total transaction of $26,219.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.
KLA-Tencor Corp. Company Profile
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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