BT Investment Management Ltd bought a new stake in KLA-Tencor Corporation (NASDAQ:KLAC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,965 shares of the semiconductor company’s stock, valued at approximately $2,925,000.
Several other hedge funds have also bought and sold shares of KLAC. BlackRock Inc. grew its holdings in shares of KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after purchasing an additional 10,573,812 shares in the last quarter. FMR LLC grew its holdings in shares of KLA-Tencor Corporation by 162.0% in the first quarter. FMR LLC now owns 5,166,949 shares of the semiconductor company’s stock valued at $491,222,000 after purchasing an additional 3,194,775 shares in the last quarter. Janus Capital Management LLC grew its holdings in shares of KLA-Tencor Corporation by 18.4% in the first quarter. Janus Capital Management LLC now owns 3,450,226 shares of the semiconductor company’s stock valued at $328,013,000 after purchasing an additional 535,940 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock valued at $1,566,668,000 after purchasing an additional 482,997 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after purchasing an additional 436,022 shares in the last quarter. 89.16% of the stock is owned by hedge funds and other institutional investors.
Shares of KLA-Tencor Corporation (KLAC) opened at 100.59 on Monday. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week high of $109.59. The stock’s 50 day moving average price is $92.98 and its 200 day moving average price is $96.89. The company has a market capitalization of $15.78 billion, a P/E ratio of 17.11 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly 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 business 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 company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 EPS. On average, equities research analysts forecast that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.59 per share. The ex-dividend date was Friday, August 11th. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.35%. KLA-Tencor Corporation’s dividend payout ratio is currently 40.14%.
A number of research analysts recently weighed in on KLAC shares. Cowen and Company raised their target price on shares of KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. UBS AG reissued a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corporation in a report on Tuesday, June 13th. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Stifel Nicolaus restated a “hold” rating and issued a $102.00 price target (up from $92.00) on shares of KLA-Tencor Corporation in a research report on Monday, June 19th. Finally, Susquehanna Bancshares Inc restated a “reduce” rating and issued a $65.00 price target on shares of KLA-Tencor Corporation in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. KLA-Tencor Corporation presently has a consensus rating of “Hold” and an average target price of $99.40.
In other news, SVP Brian Lorig sold 2,893 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $95.24, for a total transaction of $275,529.32. Following the completion of the transaction, the senior vice president now directly owns 566 shares in the company, valued at approximately $53,905.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard P. Wallace sold 37,377 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total value of $3,396,074.22. Following the transaction, the insider now owns 58,831 shares of the company’s stock, valued at $5,345,384.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,350 shares of company stock valued at $7,560,869. Company insiders own 0.20% of the company’s stock.
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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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