Oppenheimer Asset Management Inc. increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 7.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,430 shares of the semiconductor company’s stock after buying an additional 501 shares during the period. Oppenheimer Asset Management Inc.’s holdings in KLA-Tencor were worth $762,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in KLA-Tencor by 1.1% during the second quarter. BlackRock Inc. now owns 11,347,610 shares of the semiconductor company’s stock worth $1,163,470,000 after buying an additional 118,632 shares during the last quarter. Boston Partners raised its stake in KLA-Tencor by 1.4% during the second quarter. Boston Partners now owns 2,092,922 shares of the semiconductor company’s stock worth $214,588,000 after buying an additional 29,020 shares during the last quarter. LSV Asset Management boosted its holdings in KLA-Tencor by 18.8% during the first quarter. LSV Asset Management now owns 1,303,850 shares of the semiconductor company’s stock worth $142,132,000 after purchasing an additional 206,300 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in KLA-Tencor by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,007,292 shares of the semiconductor company’s stock worth $103,278,000 after purchasing an additional 27,073 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in KLA-Tencor by 0.4% during the second quarter. First Trust Advisors LP now owns 949,625 shares of the semiconductor company’s stock worth $97,365,000 after purchasing an additional 3,416 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.
KLAC has been the topic of several analyst reports. B. Riley cut their price target on shares of KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. Stifel Nicolaus boosted their price target on shares of KLA-Tencor from $143.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. BidaskClub cut shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Deutsche Bank boosted their price target on shares of KLA-Tencor from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. Finally, Citigroup cut their price target on shares of KLA-Tencor from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Friday, July 13th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $133.67.
Shares of KLAC stock opened at $107.28 on Friday. The stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.30 and a beta of 1.57. 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 Corp has a 52 week low of $93.76 and a 52 week high of $123.96.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, July 30th. The semiconductor company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.14 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. research analysts predict that KLA-Tencor Corp will post 9.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.80%. The ex-dividend date was Tuesday, August 14th. KLA-Tencor’s dividend payout ratio is 37.50%.
In other KLA-Tencor news, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $444,058.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,697 shares of company stock worth $5,949,031. Insiders own 0.20% of the company’s stock.
KLA-Tencor Company Profile
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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