Atlas Capital Advisors LLC trimmed its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 39.5% in the third quarter, Holdings Channel.com reports. The firm owned 273 shares of the semiconductor company’s stock after selling 178 shares during the quarter. Atlas Capital Advisors LLC’s holdings in KLA-Tencor were worth $44,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its holdings in KLA-Tencor by 9.8% in the second quarter. Asset Management One Co. Ltd. now owns 92,577 shares of the semiconductor company’s stock valued at $10,944,000 after purchasing an additional 8,236 shares during the period. American National Bank grew its holdings in KLA-Tencor by 46.4% in the third quarter. American National Bank now owns 46,765 shares of the semiconductor company’s stock valued at $7,457,000 after purchasing an additional 14,828 shares during the period. ETRADE Capital Management LLC grew its holdings in KLA-Tencor by 52.1% in the second quarter. ETRADE Capital Management LLC now owns 2,714 shares of the semiconductor company’s stock valued at $321,000 after purchasing an additional 930 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in KLA-Tencor by 24.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 11,610 shares of the semiconductor company’s stock valued at $1,366,000 after purchasing an additional 2,290 shares during the period. Finally, U S Global Investors Inc. purchased a new stake in KLA-Tencor in the second quarter valued at approximately $1,816,000. Hedge funds and other institutional investors own 87.35% of the company’s stock.
In other KLA-Tencor news, CEO Amichai Steimberg sold 8,962 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $138.80, for a total transaction of $1,243,925.60. Following the completion of the sale, the chief executive officer now directly owns 19,892 shares in the company, valued at $2,761,009.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teri A. Little sold 3,029 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $141.62, for a total transaction of $428,966.98. Following the transaction, the executive vice president now directly owns 5,791 shares in the company, valued at $820,121.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,410 shares of company stock valued at $4,535,477. 0.19% of the stock is owned by insiders.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. KLA-Tencor had a net margin of 23.03% and a return on equity of 54.53%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. KLA-Tencor’s revenue for the quarter was up 29.3% on a year-over-year basis. Research analysts anticipate that KLA-Tencor Corp will post 9.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.85 per share. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.75. This represents a $3.40 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, November 15th. KLA-Tencor’s payout ratio is currently 35.46%.
A number of equities research analysts recently issued reports on KLAC shares. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a report on Tuesday, October 29th. ValuEngine downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group boosted their target price on shares of KLA-Tencor from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. BidaskClub upgraded shares of KLA-Tencor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Bank of America boosted their target price on shares of KLA-Tencor from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. KLA-Tencor has an average rating of “Buy” and an average target price of $176.08.
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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