Thrivent Financial For Lutherans increased its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,730 shares of the semiconductor company’s stock after buying an additional 420 shares during the period. Thrivent Financial For Lutherans’ holdings in KLA-Tencor Corporation were worth $545,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of KLA-Tencor Corporation during the fourth quarter valued at about $268,000. Teachers Advisors LLC raised its position in shares of KLA-Tencor Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 280,996 shares of the semiconductor company’s stock valued at $22,109,000 after buying an additional 78,692 shares during the period. Kentucky Retirement Systems acquired a new position in shares of KLA-Tencor Corporation during the fourth quarter valued at about $892,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of KLA-Tencor Corporation during the fourth quarter valued at about $398,000. Finally, Highbridge Capital Management LLC raised its position in shares of KLA-Tencor Corporation by 2,307.6% in the fourth quarter. Highbridge Capital Management LLC now owns 151,680 shares of the semiconductor company’s stock valued at $11,934,000 after buying an additional 145,380 shares during the period. Institutional investors own 92.02% of the company’s stock.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 0.15% during trading on Friday, reaching $88.83. 1,133,328 shares of the company were exchanged. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59. The stock has a market capitalization of $13.92 billion, a P/E ratio of 15.11 and a beta of 1.62. The firm has a 50-day moving average price of $97.02 and a 200-day moving average price of $95.42.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. During the same period last year, the business earned $1.77 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that KLA-Tencor Corporation will post $6.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 36.73%.
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KLAC has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and set a $115.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Cowen and Company restated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Stifel Nicolaus restated a “hold” rating and set a $102.00 target price (up previously from $92.00) on shares of KLA-Tencor Corporation in a research report on Monday, June 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $98.63.
In other news, insider Bobby R. Bell sold 5,695 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the sale, the insider now directly owns 1 shares in the company, valued at approximately $100.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Virendra A. Kirloskar sold 314 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total transaction of $28,806.36. Following the completion of the sale, the senior vice president now owns 611 shares in the company, valued at $56,053.14. The disclosure for this sale can be found here. Insiders sold a total of 11,272 shares of company stock worth $1,097,537 over the last 90 days. Company insiders own 0.26% of the company’s stock.
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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