KLA-Tencor Corp (NASDAQ:KLAC) Shares Bought by LPL Financial LLC
LPL Financial LLC raised its position in KLA-Tencor Corp (NASDAQ:KLAC) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,409 shares of the semiconductor company’s stock after purchasing an additional 3,446 shares during the quarter. LPL Financial LLC’s holdings in KLA-Tencor were worth $4,185,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Keybank National Association OH raised its position in KLA-Tencor by 4.0% in the second quarter. Keybank National Association OH now owns 2,871 shares of the semiconductor company’s stock valued at $339,000 after purchasing an additional 111 shares during the period. Cleararc Capital Inc. raised its holdings in shares of KLA-Tencor by 4.7% in the 1st quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock valued at $328,000 after buying an additional 124 shares during the period. Meiji Yasuda Life Insurance Co lifted its stake in KLA-Tencor by 3.3% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 4,044 shares of the semiconductor company’s stock worth $483,000 after acquiring an additional 129 shares in the last quarter. Corient Capital Partners LLC lifted its stake in KLA-Tencor by 6.2% during the 2nd quarter. Corient Capital Partners LLC now owns 2,239 shares of the semiconductor company’s stock worth $265,000 after acquiring an additional 131 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in KLA-Tencor by 35.4% during the 2nd quarter. Cornerstone Advisors Inc. now owns 513 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 134 shares during the period. 87.25% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on KLAC. Cowen reaffirmed an “outperform” rating and issued a $155.00 target price (up from $145.00) on shares of KLA-Tencor in a research report on Tuesday, August 6th. Citigroup increased their price target on shares of KLA-Tencor from $126.00 to $156.50 and gave the stock a “buy” rating in a research report on Friday, August 23rd. KeyCorp raised their price objective on shares of KLA-Tencor from $149.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI upgraded shares of KLA-Tencor from an “in-line” rating to an “outperform” rating in a report on Tuesday, September 3rd. Finally, BidaskClub raised shares of KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $148.58.
Shares of KLAC traded up $0.37 during midday trading on Wednesday, hitting $149.12. The company had a trading volume of 588,947 shares, compared to its average volume of 1,473,747. The company’s 50-day simple moving average is $140.73 and its 200-day simple moving average is $123.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.73 and a current ratio of 2.44. The firm has a market capitalization of $23.97 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.20 and a beta of 1.68. KLA-Tencor Corp has a 1 year low of $80.65 and a 1 year high of $155.33.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $2.22 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts predict that KLA-Tencor Corp will post 9.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.75 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.01%. KLA-Tencor’s dividend payout ratio is currently 35.46%.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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