Bank of New York Mellon Corp lowered its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,417,527 shares of the semiconductor company’s stock after selling 16,835 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.90% of KLA-Tencor worth $150,258,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in shares of KLA-Tencor by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 14 shares during the period. Contravisory Investment Management Inc. boosted its holdings in shares of KLA-Tencor by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after acquiring an additional 18 shares during the period. Navellier & Associates Inc boosted its holdings in shares of KLA-Tencor by 1.2% during the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 30 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of KLA-Tencor by 2.0% during 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 period. Finally, Wetherby Asset Management Inc. raised its stake in shares of KLA-Tencor by 1.9% during the second quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 59 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Brian Lorig sold 2,893 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $95.24, for a total value of $275,529.32. Following the completion of the transaction, the senior vice president now directly owns 566 shares in the company, valued at $53,905.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the transaction, the director now owns 15,229 shares of the company’s stock, valued at $1,542,088.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,293 shares of company stock valued at $3,860,614. Corporate insiders own 0.20% of the company’s stock.
KLAC has been the topic of a number of recent analyst reports. Argus initiated coverage on shares of KLA-Tencor in a research note on Wednesday, November 29th. They set a “buy” rating and a $125.00 price objective on the stock. B. Riley reiterated a “buy” rating and issued a $129.00 price target (up from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a research report on Friday, October 27th. Stifel Nicolaus boosted their price objective on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $108.68.
KLA-Tencor Corp (KLAC) traded up $0.10 on Wednesday, reaching $102.74. The company had a trading volume of 1,269,268 shares, compared to its average volume of 1,265,790. KLA-Tencor Corp has a 12-month low of $76.56 and a 12-month high of $110.00. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. The firm has a market cap of $16,070.00, a price-to-earnings ratio of 15.33, a P/E/G ratio of 0.65 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million during the quarter, compared to analyst estimates of $946.86 million. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. research analysts expect that KLA-Tencor Corp will post 7.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.30%. KLA-Tencor’s dividend payout ratio (DPR) is presently 36.20%.
KLA-Tencor Company 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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