DekaBank Deutsche Girozentrale decreased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,185 shares of the semiconductor company’s stock after selling 1,302 shares during the period. DekaBank Deutsche Girozentrale’s holdings in KLA-Tencor were worth $10,586,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Keybank National Association OH boosted its position in shares of KLA-Tencor by 4.0% during the 2nd quarter. Keybank National Association OH now owns 2,871 shares of the semiconductor company’s stock valued at $339,000 after purchasing an additional 111 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of KLA-Tencor by 2.8% during the 1st quarter. LS Investment Advisors LLC now owns 4,489 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 121 shares in the last quarter. Cleararc Capital Inc. boosted its holdings in shares of KLA-Tencor by 4.7% in the first quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock worth $328,000 after buying an additional 124 shares during the period. Meiji Yasuda Life Insurance Co boosted its holdings in shares of KLA-Tencor by 3.3% in the first quarter. Meiji Yasuda Life Insurance Co now owns 4,044 shares of the semiconductor company’s stock worth $483,000 after buying an additional 129 shares during the period. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of KLA-Tencor by 35.4% in the second quarter. Cornerstone Advisors Inc. now owns 513 shares of the semiconductor company’s stock worth $61,000 after buying an additional 134 shares during the period. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on KLAC shares. Needham & Company LLC reiterated a “hold” rating on shares of KLA-Tencor in a report on Tuesday, May 7th. Zacks Investment Research cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of KLA-Tencor from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Credit Suisse Group raised their target price on shares of KLA-Tencor from $130.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank raised their target price on shares of KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $142.21.
Shares of KLAC stock traded up $4.08 during trading on Friday, hitting $136.12. 1,336,700 shares of the company were exchanged, compared to its average volume of 1,701,160. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.73 and a current ratio of 2.44. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.05 and a beta of 1.73. The business’s 50-day simple moving average is $129.52 and its 200 day simple moving average is $118.52. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $143.95.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $2.22 earnings per share. On average, equities analysts forecast that KLA-Tencor Corp will post 9.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, August 14th. KLA-Tencor’s dividend payout ratio is currently 35.46%.
In related news, SVP Virendra A. Kirloskar sold 1,988 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $130.46, for a total transaction of $259,354.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Trafas sold 274 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $121.36, for a total transaction of $33,252.64. Following the sale, the insider now owns 274 shares of the company’s stock, valued at $33,252.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,533 shares of company stock valued at $2,978,227. 0.19% of the stock is currently owned by corporate insiders.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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