Engineers Gate Manager LP Buys Shares of 30,171 KLA-Tencor Corporation (KLAC)
Engineers Gate Manager LP bought a new position in KLA-Tencor Corporation (NASDAQ:KLAC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,171 shares of the semiconductor company’s stock, valued at approximately $2,761,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Grove Bank & Trust increased its stake in KLA-Tencor Corporation by 30.2% in the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 290 shares during the last quarter. Trust Co. of Vermont increased its stake in KLA-Tencor Corporation by 3.2% in the 1st quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock worth $138,000 after acquiring an additional 45 shares during the last quarter. Invictus RG bought a new position in KLA-Tencor Corporation in the 1st quarter worth about $202,000. Checchi Capital Advisers LLC increased its stake in KLA-Tencor Corporation by 2.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 44 shares during the last quarter. Finally, GWM Advisors LLC bought a new position in KLA-Tencor Corporation in the 1st quarter worth about $209,000. Institutional investors and hedge funds own 89.18% of the company’s stock.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 94.35 on Friday. The company’s 50-day moving average price is $92.87 and its 200 day moving average price is $96.39. KLA-Tencor Corporation has a one year low of $68.43 and a one year high of $109.59. The stock has a market capitalization of $14.80 billion, a PE ratio of 16.05 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same period in the previous year, the firm posted $1.77 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were 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 yield of 2.50%. The ex-dividend date was Friday, August 11th. KLA-Tencor Corporation’s payout ratio is presently 40.14%.
In other KLA-Tencor Corporation news, SVP Virendra A. Kirloskar sold 314 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total transaction of $28,806.36. Following the sale, the senior vice president now directly owns 611 shares of the company’s stock, valued at $56,053.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bren D. Higgins sold 9,567 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $852,898.05. Following the sale, the chief financial officer now directly owns 5,175 shares in the company, valued at $461,351.25. The disclosure for this sale can be found here. Insiders have sold 86,152 shares of company stock worth $7,857,915 over the last three months. 0.26% of the stock is currently owned by insiders.
A number of brokerages have weighed in on KLAC. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the stock a “buy” rating in a research note on Saturday, July 29th. B. Riley restated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, August 2nd. UBS AG restated a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. Finally, Cowen and Company upped their target price on KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $98.86.
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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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