KLA-Tencor Corporation (KLAC) Shares Bought by Vestor Capital LLC
Vestor Capital LLC lifted its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,573 shares of the semiconductor company’s stock after purchasing an additional 133 shares during the quarter. Vestor Capital LLC’s holdings in KLA-Tencor Corporation were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust raised its position in KLA-Tencor Corporation by 30.2% during the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 290 shares in the last quarter. Invictus RG bought a new position in KLA-Tencor Corporation during the first quarter valued at approximately $202,000. GWM Advisors LLC bought a new position in KLA-Tencor Corporation during the first quarter valued at approximately $209,000. Checchi Capital Advisers LLC raised its position in KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 44 shares in the last quarter. Finally, IBM Retirement Fund raised its position in KLA-Tencor Corporation by 33.6% during the second quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 584 shares in the last quarter. 89.18% of the stock is owned by institutional investors and hedge funds.
KLA-Tencor Corporation (NASDAQ KLAC) traded down 0.95% during midday trading on Wednesday, reaching $97.02. The company’s stock had a trading volume of 571,635 shares. The firm has a 50 day moving average of $92.80 and a 200 day moving average of $96.53. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week high of $109.59. The firm has a market cap of $15.22 billion, a P/E ratio of 16.50 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million for 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%. KLA-Tencor Corporation’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. Analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.59 per share. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, August 11th. This represents a $2.36 annualized dividend and a dividend yield of 2.41%. KLA-Tencor Corporation’s payout ratio is presently 40.14%.
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KLAC has been the topic of several recent research reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Stifel Nicolaus reiterated a “hold” rating and set a $103.00 price target (up previously from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Zacks Investment Research downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Finally, Cowen and Company increased their price target on KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. KLA-Tencor Corporation presently has a consensus rating of “Hold” and a consensus price target of $99.40.
In related news, SVP Virendra A. Kirloskar sold 6,307 shares of KLA-Tencor Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total transaction of $562,269.05. Following the sale, the senior vice president now directly owns 2,022 shares in the company, valued at $180,261.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ahmad A. Khan sold 4,066 shares of KLA-Tencor Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $362,483.90. Following the sale, the executive vice president now owns 5,489 shares in the company, valued at $489,344.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,350 shares of company stock worth $7,560,869. 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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