Checchi Capital Advisers LLC boosted its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,205 shares of the semiconductor company’s stock after buying an additional 44 shares during the period. Checchi Capital Advisers LLC’s holdings in KLA-Tencor Corporation were worth $202,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of KLAC. BlackRock Inc. boosted its position in 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 buying an additional 10,573,812 shares in the last quarter. FMR LLC boosted its position in 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 buying an additional 3,194,775 shares in the last quarter. Janus Capital Management LLC boosted its position in 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 buying an additional 535,940 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 buying an additional 482,997 shares in the last quarter. Finally, State Street Corp boosted its position in 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 buying an additional 436,022 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 89.77 on Friday. The stock’s 50 day moving average is $94.54 and its 200-day moving average is $95.81. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 15.27 and a beta of 1.62. KLA-Tencor Corporation has a 12-month low of $66.89 and a 12-month high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 EPS. Equities analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is 40.14%.
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KLAC has been the subject of several analyst reports. Cowen and Company reiterated an “outperform” rating and issued a $115.00 target price (up from $96.00) on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Credit Suisse Group reiterated an “outperform” rating and issued a $100.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. BidaskClub upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Susquehanna Bancshares Inc reiterated a “reduce” rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Finally, Needham & Company LLC boosted their target price on shares of KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $98.86.
In related news, EVP Ahmad A. Khan sold 4,066 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the transaction, the executive vice president now owns 5,489 shares of the company’s stock, valued at approximately $489,344.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard P. Wallace sold 37,377 shares of the business’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 completion of the transaction, the insider now directly owns 58,831 shares of the company’s stock, valued at approximately $5,345,384.66. The disclosure for this sale can be found here. Insiders have sold a total of 75,992 shares of company stock valued at $6,921,247 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.
KLA-Tencor Corporation 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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