Rhumbline Advisers Acquires 13,693 Shares of KLA-Tencor Corporation (KLAC)
Rhumbline Advisers raised its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315,617 shares of the semiconductor company’s stock after buying an additional 13,693 shares during the period. Rhumbline Advisers’ holdings in KLA-Tencor Corporation were worth $28,882,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of KLAC. Raymond James Trust N.A. acquired a new position in KLA-Tencor Corporation during the first quarter valued at approximately $209,000. Creative Planning boosted its stake in shares of KLA-Tencor Corporation by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 996 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of KLA-Tencor Corporation by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock valued at $4,800,000 after buying an additional 1,600 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of KLA-Tencor Corporation during the first quarter valued at $808,000. Finally, Affinity Wealth Management purchased a new stake in shares of KLA-Tencor Corporation during the first quarter valued at $233,000. 91.77% of the stock is owned by institutional investors and hedge funds.
Shares of KLA-Tencor Corporation (KLAC) opened at 91.50 on Tuesday. The firm has a market cap of $14.35 billion, a PE ratio of 15.56 and a beta of 1.62. The firm’s 50-day moving average is $94.91 and its 200-day moving average is $95.85. KLA-Tencor Corporation has a 12-month low of $66.89 and a 12-month high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its 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 company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. Equities analysts expect that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.59 per share. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio is 36.73%.
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KLAC has been the topic of several analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $100.00 target price (up previously from $85.00) on shares of KLA-Tencor Corporation in a report on Saturday, April 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 target price (up previously from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Zacks Investment Research cut shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Cowen and Company raised their target price on shares of KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group set a $115.00 target price on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a report on Saturday, July 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.86.
In other news, Director Kevin Kennedy sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.33, for a total transaction of $228,325.00. Following the completion of the transaction, the director now directly owns 6,219 shares in the company, valued at approximately $567,981.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bobby R. Bell sold 5,695 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 1 shares of the company’s stock, valued at $100.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,615 shares of company stock valued at $3,525,173. Company insiders own 0.26% of the company’s stock.
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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