Cubist Systematic Strategies LLC lifted its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 140.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,242 shares of the semiconductor company’s stock after buying an additional 18,808 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in KLA-Tencor Corporation were worth $2,950,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of KLA-Tencor Corporation by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock worth $1,544,879,000 after buying an additional 402,970 shares during the last quarter. Primecap Management Co. CA increased its position in KLA-Tencor Corporation by 1.0% during the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock worth $1,345,167,000 after acquiring an additional 140,530 shares during the period. BlackRock Inc. increased its position in KLA-Tencor Corporation by 1,865.4% during the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock worth $1,059,142,000 after acquiring an additional 10,573,812 shares during the period. State Street Corp increased its position in KLA-Tencor Corporation by 6.7% during the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock worth $656,105,000 after acquiring an additional 436,022 shares during the period. Finally, Janus Henderson Group PLC increased its position in KLA-Tencor Corporation by 24,123.6% during the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after acquiring an additional 4,290,618 shares during the period. Institutional investors own 89.08% of the company’s stock.
KLA-Tencor Corporation (KLAC) traded down 0.20% during mid-day trading on Tuesday, hitting $107.11. 442,731 shares of the stock traded hands. KLA-Tencor Corporation has a 1-year low of $71.11 and a 1-year high of $109.59. The firm has a market capitalization of $16.80 billion, a P/E ratio of 18.22 and a beta of 1.68. The company has a 50-day moving average of $99.56 and a 200 day moving average of $98.06.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 earnings per share. On average, equities research analysts anticipate that KLA-Tencor Corporation will post $6.74 EPS for the current year.
Several equities analysts have commented on KLAC shares. Credit Suisse Group set a $115.00 target price on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a report on Saturday, July 29th. BidaskClub lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. B. Riley reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 target price on the stock in a report on Monday. Finally, Goldman Sachs Group, Inc. (The) lowered shares of KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $108.00 to $97.00 in a report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $101.32.
In related news, insider Bobby R. Bell sold 4,236 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $105.51, for a total transaction of $446,940.36. Following the sale, the insider now directly owns 8,908 shares of the company’s stock, valued at $939,883.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Virendra A. Kirloskar sold 6,307 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $562,269.05. Following the transaction, the senior vice president now owns 2,022 shares in the company, valued at approximately $180,261.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,512 shares of company stock worth $7,726,826. 0.20% of the stock is owned by corporate insiders.
KLA-Tencor Corporation 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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