Ledyard National Bank maintained its stake in KLA-Tencor Corp (NASDAQ:KLAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,420 shares of the semiconductor company’s stock at the end of the second quarter. Ledyard National Bank’s holdings in KLA-Tencor Corp were worth $130,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of KLAC. Gulf International Bank UK Ltd raised its stake in KLA-Tencor Corp by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock worth $4,800,000 after buying an additional 1,600 shares in the last quarter. Creative Planning raised its stake in KLA-Tencor Corp by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock worth $416,000 after buying an additional 996 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in KLA-Tencor Corp during the first quarter worth approximately $209,000. Contravisory Investment Management Inc. bought a new position in shares of KLA-Tencor Corp during the first quarter valued at approximately $270,000. Finally, Hefty Wealth Partners bought a new position in shares of KLA-Tencor Corp during the first quarter valued at approximately $890,000. Institutional investors own 91.96% of the company’s stock.
KLA-Tencor Corp (KLAC) traded up 3.19% during midday trading on Friday, hitting $90.34. 1,069,552 shares of the stock traded hands. The firm has a market cap of $14.17 billion, a PE ratio of 15.36 and a beta of 1.62. The company’s 50 day moving average price is $95.27 and its 200 day moving average price is $95.56. KLA-Tencor Corp has a 12 month low of $66.89 and a 12 month high of $109.59.
KLA-Tencor Corp (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corp had a return on equity of 83.07% and a net margin of 27.29%. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. During the same period in the prior year, the company earned $1.77 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that KLA-Tencor Corp will post $6.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.59 dividend. This is an increase from KLA-Tencor Corp’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, August 11th. KLA-Tencor Corp’s dividend payout ratio is currently 36.73%.
KLAC has been the subject of several research reports. B. Riley restated a “buy” rating and issued a $115.00 price objective on shares of KLA-Tencor Corp in a report on Friday, April 28th. BidaskClub lowered shares of KLA-Tencor Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Cowen and Company reaffirmed a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corp in a research report on Tuesday, July 11th. Credit Suisse Group set a $115.00 target price on shares of KLA-Tencor Corp and gave the stock a “buy” rating in a research report on Saturday, July 29th. Finally, Stifel Nicolaus raised shares of KLA-Tencor Corp from a “hold” rating to a “buy” rating and increased their price objective for the company from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.86.
In related news, SVP Virendra A. Kirloskar sold 6,307 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.15, for a total transaction of $562,269.05. Following the completion of the transaction, the senior vice president now directly owns 2,022 shares in the company, valued at approximately $180,261.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 314 shares of the stock in a transaction dated Wednesday, July 5th. The shares were 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 directly owns 611 shares in the company, valued at approximately $56,053.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,615 shares of company stock valued at $3,525,173. 0.26% of the stock is owned by corporate insiders.
KLA-Tencor Corp 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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