Pioneer Investment Management Inc. Has $18.17 Million Stake in KLA-Tencor Corp (NASDAQ:KLAC)
Pioneer Investment Management Inc. cut its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 26.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,552 shares of the semiconductor company’s stock after selling 70,088 shares during the period. Pioneer Investment Management Inc.’s holdings in KLA-Tencor Corp were worth $18,169,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Cohen Capital Management Inc. bought a new stake in shares of KLA-Tencor Corp during the first quarter valued at $119,000. Grove Bank & Trust raised its stake in shares of KLA-Tencor Corp by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 290 shares in the last quarter. Ledyard National Bank bought a new stake in shares of KLA-Tencor Corp during the first quarter valued at $135,000. Trust Co. of Vermont raised its stake in shares of KLA-Tencor Corp 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. Finally, IFP Advisors Inc raised its stake in shares of KLA-Tencor Corp 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. 91.96% of the stock is currently owned by hedge funds and other institutional investors.
KLA-Tencor Corp (NASDAQ KLAC) opened at 88.14 on Friday. KLA-Tencor Corp has a 12-month low of $66.89 and a 12-month high of $109.59. The company’s 50-day moving average price is $95.27 and its 200-day moving average price is $95.56. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 14.99 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last released its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corp had a return on equity of 83.07% and a net margin of 27.29%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 earnings per share. Equities analysts expect that KLA-Tencor Corp will post $6.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.59 per share. The ex-dividend date is Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from KLA-Tencor Corp’s previous quarterly dividend of $0.54. KLA-Tencor Corp’s payout ratio is presently 36.73%.
Several brokerages have weighed in on KLAC. UBS AG reaffirmed a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corp in a research report on Tuesday, June 13th. B. Riley reissued a “buy” rating and set a $115.00 price target on shares of KLA-Tencor Corp in a report on Wednesday, May 3rd. BidaskClub lowered KLA-Tencor Corp from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating and set a $103.00 price target (up from $102.00) on shares of KLA-Tencor Corp in a report on Sunday, July 30th. Finally, Zacks Investment Research lowered KLA-Tencor Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $98.86.
In other news, CFO Bren D. Higgins sold 1,093 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $91.99, for a total transaction of $100,545.07. Following the completion of the sale, the chief financial officer now owns 854 shares in the company, valued at $78,559.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Bren D. Higgins sold 9,567 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $852,898.05. Following the sale, the chief financial officer now owns 5,175 shares of the company’s stock, valued at approximately $461,351.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,648 shares of company stock valued at $3,438,066. 0.26% of the stock is currently owned by corporate insiders.
About KLA-Tencor Corp
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.
Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).
Receive News & Ratings for KLA-Tencor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corp and related companies with MarketBeat.com's FREE daily email newsletter.