Van ECK Associates Corp lowered its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 34.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,865 shares of the semiconductor company’s stock after selling 78,038 shares during the quarter. Van ECK Associates Corp owned approximately 0.09% of KLA-Tencor Corporation worth $13,348,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of KLAC. BlackRock Inc. grew its holdings in KLA-Tencor Corporation by 1,865.4% during the 1st quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock worth $1,059,142,000 after acquiring an additional 10,573,812 shares during the last quarter. FMR LLC grew its holdings in KLA-Tencor Corporation by 162.0% during the 1st quarter. FMR LLC now owns 5,166,949 shares of the semiconductor company’s stock worth $491,222,000 after acquiring an additional 3,194,775 shares during the last quarter. Janus Capital Management LLC grew its holdings in KLA-Tencor Corporation by 18.4% during the 1st quarter. Janus Capital Management LLC now owns 3,450,226 shares of the semiconductor company’s stock worth $328,013,000 after acquiring an additional 535,940 shares during the last quarter. Vanguard Group Inc. grew its holdings in KLA-Tencor Corporation by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock worth $1,566,668,000 after acquiring an additional 482,997 shares during the last quarter. Finally, State Street Corp grew its holdings in KLA-Tencor Corporation by 6.7% during the 1st quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock worth $656,105,000 after acquiring an additional 436,022 shares during the last quarter. 89.16% of the stock is currently owned by hedge funds and other institutional investors.
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KLAC has been the topic of a number of research analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Cowen and Company reissued a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, September 1st. BidaskClub raised shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Susquehanna Bancshares Inc reaffirmed a “reduce” rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. KLA-Tencor Corporation currently has a consensus rating of “Hold” and a consensus target price of $99.40.
KLA-Tencor Corporation (NASDAQ KLAC) opened at 99.52 on Friday. The company’s 50-day moving average is $92.98 and its 200 day moving average is $96.89. KLA-Tencor Corporation has a 1-year low of $68.43 and a 1-year high of $109.59. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 16.93 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 EPS for the quarter, beating 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 business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same period in the prior year, the business posted $1.77 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that KLA-Tencor Corporation will post $6.70 EPS 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 issued a $0.59 dividend. The ex-dividend date was Friday, August 11th. 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 2.37%. KLA-Tencor Corporation’s dividend payout ratio is presently 40.14%.
In related news, Director Kevin Kennedy sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.33, for a total value of $228,325.00. Following the sale, the director now directly owns 6,219 shares in the company, valued at $567,981.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 6,307 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $562,269.05. Following the completion of the sale, the senior vice president now owns 2,022 shares in the company, valued at $180,261.30. The disclosure for this sale can be found here. Insiders sold 83,350 shares of company stock worth $7,560,869 over the last quarter. 0.26% of the stock is currently owned by company insiders.
About KLA-Tencor Corporation
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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