KLA-Tencor Corporation (KLAC) Position Lowered by BerganKDV Wealth Management LLC
BerganKDV Wealth Management LLC lowered its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 48.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,258 shares of the semiconductor company’s stock after selling 2,098 shares during the period. BerganKDV Wealth Management LLC’s holdings in KLA-Tencor Corporation were worth $239,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Midas Management Corp bought a new stake in shares of KLA-Tencor Corporation in the 3rd quarter valued at $2,014,000. PGGM Investments increased its position in shares of KLA-Tencor Corporation by 0.5% in the 3rd quarter. PGGM Investments now owns 408,784 shares of the semiconductor company’s stock valued at $43,331,000 after buying an additional 2,128 shares in the last quarter. Shell Asset Management Co. increased its position in shares of KLA-Tencor Corporation by 170.9% in the 3rd quarter. Shell Asset Management Co. now owns 25,274 shares of the semiconductor company’s stock valued at $1,991,000 after buying an additional 15,943 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of KLA-Tencor Corporation in the 3rd quarter valued at $1,395,000. Finally, Eqis Capital Management Inc. increased its position in shares of KLA-Tencor Corporation by 80.1% in the 3rd quarter. Eqis Capital Management Inc. now owns 14,444 shares of the semiconductor company’s stock valued at $1,531,000 after buying an additional 6,424 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.
In related news, CFO Bren D. Higgins sold 314 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $29,154.90. Following the transaction, the chief financial officer now directly owns 314 shares in the company, valued at $29,154.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $105.51, for a total transaction of $446,940.36. Following the transaction, the insider now owns 8,908 shares in the company, valued at $939,883.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,512 shares of company stock worth $7,726,826. 0.20% of the stock is owned by corporate insiders.
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A number of analysts recently commented on KLAC shares. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 target price (up from $102.00) on shares of KLA-Tencor Corporation in a research note on Sunday, July 30th. Zacks Investment Research lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $101.32.
Shares of KLA-Tencor Corporation (KLAC) traded up 0.27% during midday trading on Friday, hitting $108.34. 836,109 shares of the stock were exchanged. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 18.43 and a beta of 1.68. The firm’s 50 day moving average is $101.53 and its 200-day moving average is $98.47. KLA-Tencor Corporation has a 1-year low of $73.30 and a 1-year high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.77 earnings per share. On average, analysts predict that KLA-Tencor Corporation will post $6.75 EPS for the current year.
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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