Mitchell Mcleod Pugh & Williams Inc. maintained its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,380 shares of the semiconductor company’s stock at the end of the second quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in KLA-Tencor Corporation were worth $218,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in 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. Primecap Management Co. CA raised its position in shares of KLA-Tencor Corporation by 1.0% in the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock worth $1,345,167,000 after buying an additional 140,530 shares during the last quarter. BlackRock Inc. raised its position 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 worth $1,059,142,000 after buying an additional 10,573,812 shares during the last quarter. State Street Corp raised its position 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 worth $656,105,000 after buying an additional 436,022 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of KLA-Tencor Corporation by 1.3% in the first quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock worth $508,720,000 after buying an additional 66,248 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
KLA-Tencor Corporation (NASDAQ:KLAC) traded down 0.10% during mid-day trading on Tuesday, hitting $92.54. 1,168,751 shares of the stock traded hands. The company’s 50 day moving average price is $97.26 and its 200-day moving average price is $95.34. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 15.74 and a beta of 1.63.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Analysts predict that KLA-Tencor Corporation will post $6.68 earnings per share for the current year.
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Several analysts recently issued reports on KLAC shares. UBS AG lowered shares of KLA-Tencor Corporation to a “neutral” rating in a research report on Monday, April 17th. Susquehanna Bancshares Inc reissued a “negative” rating on shares of KLA-Tencor Corporation in a research note on Monday, April 17th. B. Riley reissued a “buy” rating and issued a $115.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Cowen and Company reissued an “outperform” rating and issued a $115.00 price objective (up previously from $96.00) on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Finally, Needham & Company LLC raised their price target on shares of KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corporation has an average rating of “Hold” and an average price target of $98.63.
In other news, insider Bobby R. Bell sold 5,695 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $100.54, for a total transaction of $572,575.30. Following the completion of the transaction, the insider now directly owns 1 shares of the company’s stock, valued at approximately $100.54. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brian Lorig sold 1,663 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $99.81, for a total value of $165,984.03. Following the completion of the transaction, the senior vice president now directly owns 1,346 shares of the company’s stock, valued at $134,344.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,432 shares of company stock worth $1,019,543. 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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