Ontario Teachers Pension Plan Board trimmed its position in KLA-Tencor Corp (NASDAQ:KLAC) by 25.6% during the second quarter, Holdings Channel reports. The institutional investor owned 15,715 shares of the semiconductor company’s stock after selling 5,410 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in KLA-Tencor were worth $1,611,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in KLAC. Financial Gravity Wealth Inc. bought a new position in KLA-Tencor in the 1st quarter valued at $106,000. Institutional & Family Asset Management LLC bought a new position in KLA-Tencor in the 1st quarter valued at $107,000. Sonora Investment Management LLC boosted its position in KLA-Tencor by 905.7% in the 2nd quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 960 shares during the last quarter. Silvant Capital Management LLC bought a new position in KLA-Tencor in the 1st quarter valued at $123,000. Finally, First Mercantile Trust Co. boosted its position in KLA-Tencor by 121.7% in the 1st quarter. First Mercantile Trust Co. now owns 1,299 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 713 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.
In other KLA-Tencor news, CFO Bren D. Higgins sold 3,851 shares of KLA-Tencor stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $115.31, for a total value of $444,058.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian M. Trafas sold 649 shares of KLA-Tencor stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $116.42, for a total value of $75,556.58. The disclosure for this sale can be found here. Insiders have sold a total of 33,263 shares of company stock worth $3,903,106 in the last ninety days. 0.20% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on the company. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Cowen assumed coverage on KLA-Tencor in a research report on Monday, May 14th. They issued an “outperform” rating and a $140.00 price target on the stock. Evercore ISI reduced their price target on KLA-Tencor to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 17th. B. Riley reduced their price target on KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Wednesday, August 1st. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. KLA-Tencor currently has a consensus rating of “Buy” and a consensus target price of $133.67.
Shares of KLA-Tencor stock opened at $118.19 on Wednesday. The firm has a market cap of $18.14 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.58. KLA-Tencor Corp has a 12 month low of $92.53 and a 12 month high of $123.96. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.97 and a current ratio of 3.73.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. analysts expect that KLA-Tencor Corp will post 9.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Wednesday, August 15th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, August 14th. KLA-Tencor’s payout ratio is presently 37.50%.
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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