AT Bancorp acquired a new position in shares of KLA-Tencor Corp. (NASDAQ:KLAC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,082 shares of the company’s stock, valued at approximately $1,470,000.
Other large investors also recently modified their holdings of the company. Oakbrook Investments LLC increased its stake in shares of KLA-Tencor Corp. by 9.9% in the second quarter. Oakbrook Investments LLC now owns 9,400 shares of the company’s stock worth $689,000 after buying an additional 850 shares during the last quarter. TIAA CREF Trust Co. FSB MO increased its stake in shares of KLA-Tencor Corp. by 11.3% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 20,951 shares of the company’s stock valued at $1,534,000 after buying an additional 2,119 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of KLA-Tencor Corp. during the second quarter valued at $513,000. Nikko Asset Management Americas Inc. increased its stake in shares of KLA-Tencor Corp. by 50.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 11,000 shares of the company’s stock valued at $793,000 after buying an additional 3,700 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new stake in shares of KLA-Tencor Corp. during the second quarter valued at $299,000. 87.12% of the stock is currently owned by institutional investors.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.29% during mid-day trading on Monday, reaching $82.51. The company’s stock had a trading volume of 839,705 shares. KLA-Tencor Corp. has a 1-year low of $62.33 and a 1-year high of $83.23. The company’s 50 day moving average price is $75.63 and its 200-day moving average price is $72.88. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 16.62 and a beta of 1.60.
KLA-Tencor Corp. (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.13. The business earned $751 million during the quarter, compared to analysts’ expectations of $735.01 million. KLA-Tencor Corp. had a return on equity of 138.28% and a net margin of 25.15%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Analysts predict that KLA-Tencor Corp. will post $5.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.54 per share. This is a boost from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, November 10th. KLA-Tencor Corp.’s dividend payout ratio is currently 43.55%.
KLAC has been the subject of several recent analyst reports. Zacks Investment Research downgraded KLA-Tencor Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. B. Riley reissued a “neutral” rating and issued a $78.00 price target on shares of KLA-Tencor Corp. in a report on Tuesday, August 2nd. Susquehanna reissued a “neutral” rating on shares of KLA-Tencor Corp. in a report on Saturday, August 13th. JPMorgan Chase & Co. reissued a “buy” rating on shares of KLA-Tencor Corp. in a report on Wednesday, August 17th. Finally, Cowen and Company raised KLA-Tencor Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $79.00 to $80.00 in a report on Monday, August 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corp. currently has a consensus rating of “Buy” and an average target price of $81.80.
In related news, EVP Ahmad A. Khan sold 10,775 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $74.82, for a total value of $806,185.50. Following the completion of the sale, the executive vice president now directly owns 17,173 shares of the company’s stock, valued at approximately $1,284,883.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian M. Trafas sold 8,095 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $74.70, for a total value of $604,696.50. Following the completion of the sale, the senior vice president now directly owns 137 shares of the company’s stock, valued at $10,233.90. The disclosure for this sale can be found here. 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.