Robeco Institutional Asset Management B.V. Boosts Stake in KLA-Tencor Corporation (KLAC)
Robeco Institutional Asset Management B.V. raised its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 792.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 398,256 shares of the semiconductor company’s stock after buying an additional 353,626 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.25% of KLA-Tencor Corporation worth $36,444,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in KLAC. Grove Bank & Trust increased its stake in shares of 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. Trust Co. of Vermont increased its stake in shares of 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. IFP Advisors Inc increased its stake in shares of 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. Advisory Services Network LLC purchased a new stake in shares of KLA-Tencor Corporation during the first quarter worth approximately $202,000. Finally, Invictus RG purchased a new stake in shares of KLA-Tencor Corporation during the first quarter worth approximately $202,000. Institutional investors own 91.77% of the company’s stock.
Shares of KLA-Tencor Corporation (KLAC) opened at 90.48 on Friday. The firm’s 50-day moving average is $94.21 and its 200 day moving average is $95.99. The stock has a market capitalization of $14.19 billion, a P/E ratio of 15.39 and a beta of 1.62. KLA-Tencor Corporation has a 1-year low of $67.94 and a 1-year high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 EPS. On average, analysts expect that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.61%. KLA-Tencor Corporation’s payout ratio is presently 40.14%.
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KLAC has been the subject of a number of recent research reports. Deutsche Bank AG reiterated a “hold” rating and set a $100.00 price target (up from $85.00) on shares of KLA-Tencor Corporation in a report on Saturday, April 29th. 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 report on Sunday, July 30th. Zacks Investment Research downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Cowen and Company lifted their price target on shares of KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group set a $115.00 price target on shares of KLA-Tencor Corporation and gave the stock a “buy” rating in a report on Saturday, July 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. KLA-Tencor Corporation currently has an average rating of “Hold” and a consensus target price of $98.86.
In related news, insider Richard P. Wallace sold 37,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the transaction, the insider now directly owns 58,831 shares of the company’s stock, valued at approximately $5,345,384.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bobby R. Bell sold 5,695 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $100.54, for a total value of $572,575.30. Following the transaction, the insider now directly owns 1 shares in the company, valued at $100.54. The disclosure for this sale can be found here. Insiders have sold a total of 80,518 shares of company stock worth $7,329,841 over the last three months. 0.26% of the stock is owned by 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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