KLA-Tencor Corporation (KLAC) Holdings Reduced by FIL Ltd
FIL Ltd lowered its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,283,149 shares of the semiconductor company’s stock after selling 17,100 shares during the quarter. FIL Ltd owned approximately 0.82% of KLA-Tencor Corporation worth $117,421,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust lifted its stake 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 valued at $114,000 after acquiring an additional 290 shares during the last quarter. Invictus RG acquired a new stake in KLA-Tencor Corporation in the first quarter valued at $202,000. GWM Advisors LLC acquired a new stake in KLA-Tencor Corporation in the first quarter valued at $209,000. Checchi Capital Advisers LLC lifted its stake in KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 44 shares during the last quarter. Finally, IBM Retirement Fund lifted its stake in KLA-Tencor Corporation by 33.6% in the second quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 89.16% of the company’s stock.
KLA-Tencor Corporation (NASDAQ:KLAC) traded up 0.558% during trading on Friday, reaching $100.075. 273,721 shares of the company were exchanged. The firm’s 50 day moving average price is $92.98 and its 200-day moving average price is $96.89. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 17.020 and a beta of 1.62. KLA-Tencor Corporation has a one year low of $68.43 and a one year high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. On average, equities research analysts predict that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.37%. KLA-Tencor Corporation’s dividend payout ratio is 40.14%.
KLAC has been the subject of a number of recent analyst reports. Stifel Nicolaus upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $103.00 to $106.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating on shares of KLA-Tencor Corporation in a research note on Thursday, August 31st. Cowen and Company reiterated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. BidaskClub cut shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $99.40.
In other KLA-Tencor Corporation news, SVP Virendra A. Kirloskar sold 6,307 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total transaction of $562,269.05. Following the sale, the senior vice president now directly owns 2,022 shares of the company’s stock, valued at $180,261.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard P. Wallace sold 37,377 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the sale, the insider now directly owns 58,831 shares in the company, valued at $5,345,384.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,350 shares of company stock worth $7,560,869. Insiders own 0.26% of the company’s stock.
KLA-Tencor Corporation 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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