Homrich & Berg raised its position in KLA-Tencor Corp (NASDAQ:KLAC) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,204 shares of the semiconductor company’s stock after purchasing an additional 217 shares during the period. Homrich & Berg’s holdings in KLA-Tencor were worth $1,206,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of KLA-Tencor by 7.5% during the first quarter. Swiss National Bank now owns 545,826 shares of the semiconductor company’s stock valued at $65,177,000 after acquiring an additional 37,900 shares during the last quarter. Capital Management Associates NY acquired a new stake in shares of KLA-Tencor during the first quarter valued at $284,000. Texas Permanent School Fund boosted its stake in shares of KLA-Tencor by 4.4% during the first quarter. Texas Permanent School Fund now owns 32,138 shares of the semiconductor company’s stock valued at $3,838,000 after acquiring an additional 1,349 shares during the last quarter. Lau Associates LLC boosted its stake in shares of KLA-Tencor by 2.5% during the first quarter. Lau Associates LLC now owns 20,900 shares of the semiconductor company’s stock valued at $2,496,000 after acquiring an additional 500 shares during the last quarter. Finally, United Asset Strategies Inc. acquired a new stake in shares of KLA-Tencor during the second quarter valued at $5,341,000. 87.35% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. Cowen reaffirmed an “outperform” rating and set a $155.00 price objective (up previously from $145.00) on shares of KLA-Tencor in a research note on Tuesday, August 6th. Credit Suisse Group increased their price objective on KLA-Tencor from $130.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA-Tencor in a research note on Tuesday, May 7th. Wells Fargo & Co increased their price objective on KLA-Tencor from $115.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on KLA-Tencor from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. KLA-Tencor has a consensus rating of “Buy” and a consensus price target of $142.21.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $2.22 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts expect that KLA-Tencor Corp will post 9.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Wednesday, August 14th. KLA-Tencor’s payout ratio is 35.46%.
In other news, Director Kevin Kennedy sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $136.32, for a total value of $340,800.00. Following the transaction, the director now directly owns 2,072 shares in the company, valued at approximately $282,455.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amichai Steimberg sold 8,962 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $138.80, for a total value of $1,243,925.60. Following the completion of the transaction, the chief executive officer now owns 19,892 shares in the company, valued at $2,761,009.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,495 shares of company stock worth $4,222,152. 0.19% of the stock is owned by corporate insiders.
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.
Featured Article: Marijuana Stocks Future Looks Bright
Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.