Pioneer Investment Management Inc. cut its position in KLA-Tencor Corp (NASDAQ:KLAC) by 26.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,552 shares of the semiconductor company’s stock after selling 70,088 shares during the period. Pioneer Investment Management Inc. owned about 0.13% of KLA-Tencor Corp worth $18,169,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of KLA-Tencor Corp by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 280,996 shares of the semiconductor company’s stock worth $22,109,000 after buying an additional 78,692 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of KLA-Tencor Corp by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,109 shares of the semiconductor company’s stock worth $12,844,000 after buying an additional 4,488 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of KLA-Tencor Corp during the first quarter worth about $209,000. Creative Planning increased its position in shares of 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. Finally, Gulf International Bank UK Ltd increased its position in shares of 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. Institutional investors own 91.96% of the company’s stock.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) opened at 88.14 on Friday. The stock has a market cap of $13.82 billion, a P/E ratio of 14.99 and a beta of 1.62. The stock’s 50 day moving average is $95.27 and its 200 day moving average 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 released its earnings results 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. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corp had a return on equity of 83.07% and a net margin of 27.29%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. Analysts predict that KLA-Tencor Corp will post $6.70 earnings per share for the current fiscal year.
The firm also recently announced 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 is a boost from KLA-Tencor Corp’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, August 11th. KLA-Tencor Corp’s dividend payout ratio is 36.73%.
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KLAC has been the subject of a number of recent research reports. UBS AG downgraded shares of KLA-Tencor Corp to a “neutral” rating in a research note on Monday, April 17th. Susquehanna Bancshares Inc reiterated a “negative” rating on shares of KLA-Tencor Corp in a research note on Monday, April 17th. B. Riley reiterated a “buy” rating and issued a $115.00 price target on shares of KLA-Tencor Corp in a research note on Friday, April 28th. Cowen and Company reiterated an “outperform” rating and issued a $115.00 price target (up previously from $96.00) on shares of KLA-Tencor Corp in a research note on Friday, April 28th. Finally, Needham & Company LLC lifted their price target on shares of KLA-Tencor Corp from $105.00 to $120.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 28th. Three research 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 stock. KLA-Tencor Corp has an average rating of “Hold” and an average price target of $98.86.
In related news, insider Bobby R. Bell sold 5,695 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $100.54, for a total transaction of $572,575.30. Following the transaction, the insider now directly owns 1 shares in the company, valued at $100.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 2,500 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $91.33, for a total value of $228,325.00. Following the transaction, the director now owns 6,219 shares in the company, valued at $567,981.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,648 shares of company stock valued at $3,438,066. Company insiders own 0.26% of the company’s stock.
About KLA-Tencor Corp
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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