Private Advisor Group LLC Reduces Position in KLA-Tencor Corporation (KLAC)

Private Advisor Group LLC reduced its position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 50.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,806 shares of the semiconductor company’s stock after selling 3,855 shares during the period. Private Advisor Group LLC’s holdings in KLA-Tencor Corporation were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KLAC. Grove Bank & Trust lifted its holdings in KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares during the last quarter. Invictus RG acquired a new stake in KLA-Tencor Corporation during the 1st quarter worth approximately $202,000. Checchi Capital Advisers LLC lifted its holdings in KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares during the last quarter. GWM Advisors LLC acquired a new stake in KLA-Tencor Corporation during the 1st quarter worth approximately $209,000. Finally, IBM Retirement Fund lifted its holdings in KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 584 shares during the last quarter. 89.16% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Virendra A. Kirloskar sold 6,307 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $562,269.05. Following the sale, the senior vice president now owns 2,022 shares in the company, valued at $180,261.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Virendra A. Kirloskar sold 314 shares of the stock in a transaction 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 sale, the senior vice president now owns 611 shares in the company, valued at approximately $56,053.14. The disclosure for this sale can be found here. Insiders sold 83,350 shares of company stock worth $7,560,869 in the last quarter. 0.26% of the stock is currently owned by company insiders.

Several research firms recently weighed in on KLAC. Goldman Sachs Group, Inc. (The) cut KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $108.00 to $97.00 in a report on Wednesday, September 13th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Finally, BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. KLA-Tencor Corporation has an average rating of “Hold” and a consensus target price of $99.40.

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KLA-Tencor Corporation (NASDAQ KLAC) opened at 100.91 on Tuesday. KLA-Tencor Corporation has a 12-month low of $68.43 and a 12-month high of $109.59. The stock’s 50 day moving average price is $92.71 and its 200-day moving average price is $96.81. The firm has a market cap of $15.83 billion, a PE ratio of 17.16 and a beta of 1.62.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results 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. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. During the same period last year, the company earned $1.77 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 40.14%.

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

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