Korea Investment CORP lowered its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 20.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,451 shares of the semiconductor company’s stock after selling 29,647 shares during the period. Korea Investment CORP owned approximately 0.07% of KLA-Tencor Corporation worth $10,656,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Cohen Capital Management Inc. purchased a new stake in KLA-Tencor Corporation during the first quarter worth approximately $119,000. Grove Bank & Trust boosted its position in KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after buying an additional 290 shares during the period. Ledyard National Bank purchased a new position in KLA-Tencor Corporation during the first quarter worth about $135,000. Trust Co. of Vermont boosted its position in KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock worth $138,000 after buying an additional 45 shares during the period. Finally, IFP Advisors Inc boosted its position in KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock worth $195,000 after buying an additional 928 shares during the period. Institutional investors own 91.77% of the company’s stock.
Shares of KLA-Tencor Corporation (KLAC) traded up 0.55% during trading on Friday, hitting $90.26. 1,127,512 shares of the stock were exchanged. The stock’s 50 day moving average price is $94.47 and its 200 day moving average price is $95.84. KLA-Tencor Corporation has a 52 week low of $66.89 and a 52 week high of $109.59. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 15.35 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly 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 business had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 earnings per share. On average, equities analysts predict that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is 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 is 40.14%.
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A number of equities analysts have recently commented on KLAC shares. BidaskClub downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $115.00 price objective on shares of KLA-Tencor Corporation and gave the stock a “buy” rating in a research report on Saturday, July 29th. B. Riley restated a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. UBS AG restated a “neutral” rating and set a $110.00 price objective on shares of KLA-Tencor Corporation in a research report on Tuesday, June 13th. Finally, Needham & Company LLC raised their price objective on shares of KLA-Tencor Corporation from $105.00 to $120.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor Corporation currently has an average rating of “Hold” and an average target price of $98.86.
In other news, CFO Bren D. Higgins sold 314 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total transaction of $29,154.90. Following the transaction, the chief financial officer now owns 314 shares in the company, valued at approximately $29,154.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bobby R. Bell sold 5,695 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the completion of the transaction, the insider now owns 1 shares in the company, valued at approximately $100.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,992 shares of company stock worth $7,012,747. 0.26% of the stock is owned by corporate insiders.
KLA-Tencor Corporation 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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