Castleark Management LLC bought a new position in KLA-Tencor Corporation (NASDAQ:KLAC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,420 shares of the semiconductor company’s stock, valued at approximately $404,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ngam Advisors L.P. boosted its holdings in KLA-Tencor Corporation by 7.9% in the first quarter. Ngam Advisors L.P. now owns 15,887 shares of the semiconductor company’s stock valued at $1,510,000 after purchasing an additional 1,166 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in KLA-Tencor Corporation by 7.9% in the first quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 420 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in KLA-Tencor Corporation in the first quarter valued at about $702,000. Global X Management Co. LLC boosted its holdings in KLA-Tencor Corporation by 29.7% in the first quarter. Global X Management Co. LLC now owns 2,584 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 591 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock valued at $1,566,668,000 after purchasing an additional 482,997 shares during the last quarter. 89.03% of the stock is owned by institutional investors.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 106.165 on Friday. KLA-Tencor Corporation has a 1-year low of $73.30 and a 1-year high of $109.59. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 18.055 and a beta of 1.68. The stock’s 50 day moving average price is $102.45 and its 200 day moving average price is $98.73.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. Analysts expect that KLA-Tencor Corporation will post $6.75 EPS for the current year.
In other KLA-Tencor Corporation news, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $105.51, for a total value of $446,940.36. Following the transaction, the insider now directly owns 8,908 shares in the company, valued at $939,883.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brian Lorig sold 526 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $48,839.10. Following the completion of the transaction, the senior vice president now owns 1,092 shares in the company, valued at $101,392.20. The disclosure for this sale can be found here. Over the last quarter, 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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KLAC has been the subject of a number of analyst reports. BidaskClub downgraded KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Cowen and Company reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. B. Riley reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a report on Friday, July 28th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $103.00 price target (up from $102.00) on shares of KLA-Tencor Corporation in a research report on Sunday, July 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $106.63.
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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