Bank of America Corp DE increased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 36.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 777,482 shares of the semiconductor company’s stock after buying an additional 209,048 shares during the period. Bank of America Corp DE owned about 0.50% of KLA-Tencor Corp worth $73,915,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Cohen Capital Management Inc. acquired a new position in KLA-Tencor Corp during the first quarter valued at approximately $119,000. Ledyard National Bank acquired a new position in KLA-Tencor Corp during the first quarter valued at approximately $135,000. Trust Co. of Vermont increased its position in KLA-Tencor Corp by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 45 shares during the period. Tyers Asset Management LLC acquired a new position in KLA-Tencor Corp during the fourth quarter valued at approximately $176,000. Finally, IFP Advisors Inc increased its position in KLA-Tencor Corp by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 928 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.
KLA-Tencor Corp (NASDAQ:KLAC) traded up 0.71% on Tuesday, hitting $99.83. 709,515 shares of the stock were exchanged. KLA-Tencor Corp has a 52-week low of $66.88 and a 52-week high of $109.59. The firm has a market cap of $15.65 billion, a PE ratio of 16.67 and a beta of 1.63. The company has a 50-day moving average price of $101.22 and a 200-day moving average price of $92.48.
KLA-Tencor Corp (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.08. KLA-Tencor Corp had a return on equity of 96.29% and a net margin of 27.75%. The company had revenue of $914 million during the quarter, compared to analyst estimates of $895.69 million. During the same quarter in the previous year, the firm earned $1.15 earnings per share. KLA-Tencor Corp’s revenue was up 28.4% on a year-over-year basis. On average, equities research analysts anticipate that KLA-Tencor Corp will post $5.89 EPS for the current fiscal year.
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Several research firms recently commented on KLAC. BidaskClub upgraded shares of KLA-Tencor Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Cowen and Company restated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corp in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc restated a “reduce” rating and issued a $65.00 price target on shares of KLA-Tencor Corp in a research note on Wednesday, June 28th. Stifel Nicolaus restated a “hold” rating and issued a $102.00 price target (up from $92.00) on shares of KLA-Tencor Corp in a research note on Monday, June 19th. Finally, UBS Group AG restated a “neutral” rating and issued a $110.00 price target on shares of KLA-Tencor Corp in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $94.91.
In other KLA-Tencor Corp news, SVP Brian Lorig sold 1,663 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $99.81, for a total value of $165,984.03. Following the completion of the sale, the senior vice president now owns 1,346 shares of the company’s stock, valued at $134,344.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin Kennedy sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $99.09, for a total value of $247,725.00. The disclosure for this sale can be found here. Insiders have sold 12,932 shares of company stock valued at $1,267,268 in the last three months. 0.26% of the stock is owned by insiders.
KLA-Tencor Corp Company Profile
KLA-Tencor Corporation (KLA-Tencor) 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 a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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