Gareth Morgan Investments Limited Partnership Cuts Holdings in KLA-Tencor Corporation (KLAC)
Gareth Morgan Investments Limited Partnership cut its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 24.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the semiconductor company’s stock after selling 6,998 shares during the quarter. Gareth Morgan Investments Limited Partnership’s holdings in KLA-Tencor Corporation were worth $2,032,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 290 shares during the period. Trust Co. of Vermont raised its position in 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 valued at $138,000 after purchasing an additional 45 shares during the period. IFP Advisors Inc raised its position in KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 928 shares during the period. Invictus RG purchased a new position in KLA-Tencor Corporation in the first quarter valued at about $202,000. Finally, Checchi Capital Advisers LLC raised its position in KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares during the period. 89.18% of the stock is currently owned by institutional investors.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 93.96 on Thursday. KLA-Tencor Corporation has a 12 month low of $68.43 and a 12 month high of $109.59. The stock’s 50 day moving average price is $93.26 and its 200-day moving average price is $96.41. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 15.98 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. Equities analysts forecast that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.59 per share. The ex-dividend date was Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio is currently 40.14%.
In other news, CFO Bren D. Higgins sold 314 shares of the company’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 $29,154.90. Following the completion of the transaction, the chief financial officer now owns 314 shares of the company’s stock, valued at $29,154.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bobby R. Bell sold 3,526 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $89.93, for a total transaction of $317,093.18. Following the transaction, the insider now directly owns 9,633 shares of the company’s stock, valued at approximately $866,295.69. The disclosure for this sale can be found here. Insiders have sold 80,518 shares of company stock valued at $7,329,841 in the last ninety days. 0.26% of the stock is owned by company insiders.
Several research analysts have commented on KLAC shares. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price objective (up from $102.00) on shares of KLA-Tencor Corporation in a research report on Sunday, July 30th. Zacks Investment Research lowered KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Cowen and Company raised their price objective on KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, June 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $98.86.
KLA-Tencor Corporation 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.
Receive News & Stock Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related stocks with our FREE daily email newsletter.