Alliancebernstein L.P. lessened its holdings in KLA-Tencor Corporation (NASDAQ:KLAC) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,039 shares of the semiconductor company’s stock after selling 11,723 shares during the quarter. Alliancebernstein L.P. owned 0.32% of KLA-Tencor Corporation worth $46,308,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Grove Bank & Trust boosted its stake in shares of KLA-Tencor Corporation by 30.2% in the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 290 shares in the last quarter. Invictus RG acquired a new stake in shares of KLA-Tencor Corporation in the 1st quarter valued at $202,000. GWM Advisors LLC acquired a new stake in shares of KLA-Tencor Corporation in the 1st quarter valued at $209,000. Checchi Capital Advisers LLC boosted its stake in shares of KLA-Tencor Corporation by 2.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares in the last quarter. Finally, IBM Retirement Fund boosted its stake in shares of KLA-Tencor Corporation by 33.6% in the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 584 shares in the last quarter. 89.18% of the stock is currently owned by hedge funds and other institutional investors.
KLAC has been the topic of several recent analyst reports. Cowen and Company boosted their target price on shares of KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. UBS AG restated a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. BidaskClub downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus restated a “hold” rating and issued a $102.00 target price (up previously from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc restated a “reduce” rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $99.40.
In related news, SVP Brian Lorig sold 2,893 shares of KLA-Tencor Corporation stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 566 shares of the company’s stock, valued at $53,905.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total value of $28,806.36. Following the completion of the transaction, the senior vice president now directly owns 611 shares in the company, valued at $56,053.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,350 shares of company stock worth $7,560,869. 0.26% of the stock is owned by insiders.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 98.64 on Friday. The stock has a 50 day moving average price of $92.53 and a 200-day moving average price of $96.65. The company has a market capitalization of $15.47 billion, a PE ratio of 16.78 and a beta of 1.62. KLA-Tencor Corporation has a 52 week low of $68.43 and a 52 week high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 earnings per share. Equities research analysts expect that KLA-Tencor Corporation will post $6.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a $0.59 dividend. This is a positive change 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 2.39%. The ex-dividend date of this dividend was Friday, August 11th. KLA-Tencor Corporation’s payout ratio is currently 40.14%.
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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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