Kentucky Retirement Systems purchased a new stake in KLA-Tencor Corp. (NASDAQ:KLAC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,241 shares of the company’s stock, valued at approximately $970,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. First New York Securities LLC NY boosted its position in KLA-Tencor Corp. by 51.2% in the second quarter. First New York Securities LLC NY now owns 1,400 shares of the company’s stock valued at $103,000 after buying an additional 474 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in KLA-Tencor Corp. by 104.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,981 shares of the company’s stock worth $145,000 after buying an additional 1,010 shares during the period. Wetherby Asset Management Inc. increased its position in KLA-Tencor Corp. by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 2,829 shares of the company’s stock worth $208,000 after buying an additional 22 shares during the period. Pacer Advisors Inc. increased its position in KLA-Tencor Corp. by 27.2% in the second quarter. Pacer Advisors Inc. now owns 2,843 shares of the company’s stock worth $208,000 after buying an additional 608 shares during the period. Finally, Navellier & Associates Inc bought a new position in KLA-Tencor Corp. during the second quarter worth approximately $211,000. Institutional investors own 84.25% of the company’s stock.
KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.54% during mid-day trading on Friday, reaching $82.27. 400,170 shares of the company were exchanged. The stock has a market capitalization of $12.86 billion, a P/E ratio of 16.57 and a beta of 1.60. The company’s 50 day moving average price is $75.35 and its 200-day moving average price is $72.73. KLA-Tencor Corp. has a 12 month low of $62.33 and a 12 month high of $83.23.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, October 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.13. KLA-Tencor Corp. had a net margin of 25.15% and a return on equity of 138.28%. The firm had revenue of $751 million for the quarter, compared to the consensus estimate of $735.01 million. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts expect that KLA-Tencor Corp. will post $5.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.63%. This is an increase from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, November 10th. KLA-Tencor Corp.’s dividend payout ratio is 43.55%.
A number of research analysts recently commented on the stock. Vetr downgraded shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating and set a $82.32 target price on the stock. in a research report on Monday, November 21st. Zacks Investment Research raised shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, November 15th. Summit Redstone downgraded shares of KLA-Tencor Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th. B. Riley reaffirmed a “buy” rating and issued a $91.00 target price on shares of KLA-Tencor Corp. in a research report on Thursday, October 27th. Finally, Susquehanna set a $70.00 target price on shares of KLA-Tencor Corp. and gave the company a “hold” rating in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $81.80.
In other news, Director Kiran M. Patel sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $82.45, for a total value of $494,700.00. Following the transaction, the director now directly owns 2,141 shares in the company, valued at approximately $176,525.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brian M. Trafas sold 8,095 shares of the stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $74.70, for a total transaction of $604,696.50. Following the completion of the sale, the senior vice president now directly owns 137 shares in the company, valued at approximately $10,233.90. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
KLA-Tencor Corp. Company Profile
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.