BerganKDV Wealth Management LLC lowered its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 30.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,356 shares of the semiconductor company’s stock after selling 1,916 shares during the period. BerganKDV Wealth Management LLC’s holdings in KLA-Tencor Corp were worth $399,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised 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 during the period. Creative Planning raised 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 during the period. Raymond James Trust N.A. acquired a new position in shares of KLA-Tencor Corp during the first quarter worth about $209,000. Contravisory Investment Management Inc. acquired a new position in shares of KLA-Tencor Corp during the first quarter worth about $270,000. Finally, Hefty Wealth Partners acquired a new position in shares of KLA-Tencor Corp during the first quarter worth about $890,000. 91.96% of the stock is owned by institutional investors.
KLA-Tencor Corp (NASDAQ KLAC) traded up 3.19% during mid-day trading on Friday, hitting $90.34. The stock had a trading volume of 1,069,552 shares. KLA-Tencor Corp has a 1-year low of $66.89 and a 1-year high of $109.59. The company has a 50-day moving average price of $95.27 and a 200 day moving average price of $95.56. The company has a market cap of $14.17 billion, a P/E ratio of 15.36 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last released its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corp had a net margin of 27.29% and a return on equity of 83.07%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Equities research analysts forecast that KLA-Tencor Corp will post $6.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from KLA-Tencor Corp’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 11th. KLA-Tencor Corp’s dividend payout ratio (DPR) is currently 36.73%.
A number of brokerages recently issued reports on KLAC. Cowen and Company increased their price objective on KLA-Tencor Corp from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $100.00 price objective on shares of KLA-Tencor Corp in a report on Friday, April 28th. Needham & Company LLC upped their target price on KLA-Tencor Corp from $105.00 to $120.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 28th. B. Riley restated a “buy” rating and issued a $115.00 target price on shares of KLA-Tencor Corp in a research report on Friday, April 28th. Finally, UBS AG restated a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corp in a research report on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corp currently has an average rating of “Hold” and a consensus target price of $98.86.
In related news, CFO Bren D. Higgins sold 9,567 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $852,898.05. Following the sale, the chief financial officer now directly owns 5,175 shares of the company’s stock, valued at approximately $461,351.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bobby R. Bell sold 5,695 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $100.54, for a total transaction of $572,575.30. Following the completion of the sale, the insider now directly owns 1 shares in the company, valued at $100.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,615 shares of company stock worth $3,525,173. Insiders own 0.26% of the company’s stock.
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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