KLA-Tencor Corp (NASDAQ:KLAC) Shares Sold by Mondrian Capital Management LLC

Mondrian Capital Management LLC reduced its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 36.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,000 shares of the semiconductor company’s stock after selling 22,000 shares during the period. KLA-Tencor accounts for about 2.2% of Mondrian Capital Management LLC’s portfolio, making the stock its 18th largest holding. Mondrian Capital Management LLC’s holdings in KLA-Tencor were worth $4,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KLAC. Keybank National Association OH lifted its stake in KLA-Tencor by 4.0% during the second quarter. Keybank National Association OH now owns 2,871 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 111 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of KLA-Tencor by 2.8% during the first quarter. LS Investment Advisors LLC now owns 4,489 shares of the semiconductor company’s stock worth $536,000 after acquiring an additional 121 shares during the period. Cleararc Capital Inc. increased its position in shares of KLA-Tencor by 4.7% during the first quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock worth $328,000 after acquiring an additional 124 shares during the period. Meiji Yasuda Life Insurance Co increased its position in shares of KLA-Tencor by 3.3% during the first quarter. Meiji Yasuda Life Insurance Co now owns 4,044 shares of the semiconductor company’s stock worth $483,000 after acquiring an additional 129 shares during the period. Finally, Cornerstone Advisors Inc. increased its position in shares of KLA-Tencor by 35.4% during the second quarter. Cornerstone Advisors Inc. now owns 513 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 88.88% of the company’s stock.

In other news, insider Brian M. Trafas sold 274 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $121.36, for a total transaction of $33,252.64. Following the completion of the sale, the insider now owns 274 shares in the company, valued at $33,252.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Virendra A. Kirloskar sold 1,988 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $130.46, for a total transaction of $259,354.48. The disclosure for this sale can be found here. Insiders sold 22,533 shares of company stock valued at $2,978,227 in the last 90 days. 0.19% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on KLAC. Wells Fargo & Co upped their price objective on KLA-Tencor from $115.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. UBS Group increased their target price on KLA-Tencor to $150.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Credit Suisse Group increased their target price on KLA-Tencor from $130.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. KLA-Tencor has an average rating of “Buy” and an average price target of $142.21.

NASDAQ KLAC traded up $3.65 during trading hours on Friday, hitting $135.69. The company had a trading volume of 58,417 shares, compared to its average volume of 1,726,038. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.73 and a current ratio of 2.44. KLA-Tencor Corp has a 1-year low of $80.65 and a 1-year high of $143.95. The company has a market cap of $21.71 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.08 and a beta of 1.73. The business has a 50 day moving average of $129.16 and a 200-day moving average of $118.43.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $2.22 earnings per share. KLA-Tencor’s revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts expect that KLA-Tencor Corp will post 9.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.00 annualized dividend and a yield of 2.21%. KLA-Tencor’s dividend payout ratio is presently 35.46%.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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