Advisor Group Inc. decreased its holdings in KLA-Tencor Corporation (NASDAQ:KLAC) by 17.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,666 shares of the semiconductor company’s stock after selling 775 shares during the period. Advisor Group Inc.’s holdings in KLA-Tencor Corporation were worth $335,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its stake 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 valued at $114,000 after buying an additional 290 shares during the period. Invictus RG acquired a new position in shares of KLA-Tencor Corporation in the first quarter valued at approximately $202,000. Checchi Capital Advisers LLC grew its position in shares of KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares during the last quarter. IBM Retirement Fund grew its position in shares of KLA-Tencor Corporation by 33.6% in the second quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 584 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of KLA-Tencor Corporation by 169.2% in the first quarter. Jane Street Group LLC now owns 2,492 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 6,092 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.
KLA-Tencor Corporation (NASDAQ:KLAC) opened at 104.59 on Thursday. The firm has a market cap of $16.40 billion, a P/E ratio of 17.79 and a beta of 1.68. The firm’s 50-day moving average price is $98.49 and its 200-day moving average price is $97.91. KLA-Tencor Corporation has a 1-year low of $70.72 and a 1-year high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 earnings per share. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.72 earnings per share for the current fiscal year.
Several research firms have recently commented on KLAC. Goldman Sachs Group, Inc. (The) downgraded KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $108.00 to $97.00 in a research 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 research report on Friday, September 1st. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Finally, BidaskClub downgraded KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. KLA-Tencor Corporation presently has a consensus rating of “Hold” and a consensus target price of $99.68.
In other news, SVP Virendra A. Kirloskar sold 6,307 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bren D. Higgins sold 314 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $29,154.90. Following the sale, the chief financial officer now owns 314 shares in the company, valued at approximately $29,154.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,512 shares of company stock worth $7,726,826. Corporate insiders own 0.20% of the company’s stock.
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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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