KLA-Tencor Corporation (KLAC) Position Increased by OMERS ADMINISTRATION Corp
OMERS ADMINISTRATION Corp raised its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 120.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,400 shares of the semiconductor company’s stock after buying an additional 22,100 shares during the period. OMERS ADMINISTRATION Corp’s holdings in KLA-Tencor Corporation were worth $3,697,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of KLAC. BlackRock Inc. increased its stake in shares of KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after buying an additional 10,573,812 shares in the last quarter. FMR LLC increased its stake in shares of KLA-Tencor Corporation by 162.0% in the first quarter. FMR LLC now owns 5,166,949 shares of the semiconductor company’s stock valued at $491,222,000 after buying an additional 3,194,775 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of KLA-Tencor Corporation by 18.4% in the first quarter. Janus Capital Management LLC now owns 3,450,226 shares of the semiconductor company’s stock valued at $328,013,000 after buying an additional 535,940 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 482,997 shares in the last quarter. Finally, State Street Corp increased its stake in shares of KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after buying an additional 436,022 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 91.54 on Tuesday. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 15.57 and a beta of 1.62. The firm has a 50-day moving average price of $94.21 and a 200-day moving average price of $95.99. KLA-Tencor Corporation has a 52 week low of $66.89 and a 52 week high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.59 dividend. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.36 annualized dividend and a dividend yield of 2.58%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 40.14%.
Several analysts have commented on KLAC shares. Cowen and Company reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the company a “buy” rating in a research note on Saturday, July 29th. BidaskClub upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Susquehanna Bancshares Inc reissued a “reduce” rating and set a $65.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, June 28th. Finally, Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $98.86.
In other KLA-Tencor Corporation news, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total transaction of $28,806.36. Following the completion of the transaction, the senior vice president now owns 611 shares in the company, valued at $56,053.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bobby R. Bell sold 5,695 shares of KLA-Tencor Corporation stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $100.54, for a total transaction of $572,575.30. Following the transaction, the insider now owns 1 shares of the company’s stock, valued at approximately $100.54. The disclosure for this sale can be found here. Insiders sold 80,518 shares of company stock valued at $7,329,841 in the last quarter. Company insiders own 0.26% of the company’s stock.
About KLA-Tencor Corporation
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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