Schwab Charles Investment Management Inc. increased its position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 675,396 shares of the semiconductor company’s stock after buying an additional 24,603 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.43% of KLA-Tencor Corporation worth $64,210,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KLAC. GSA Capital Partners LLP increased its stake in KLA-Tencor Corporation by 73.6% in the fourth quarter. GSA Capital Partners LLP now owns 10,409 shares of the semiconductor company’s stock worth $819,000 after buying an additional 4,412 shares during the period. Fred Alger Management Inc. boosted its position in shares of KLA-Tencor Corporation by 40.4% in the fourth quarter. Fred Alger Management Inc. now owns 25,091 shares of the semiconductor company’s stock worth $1,974,000 after buying an additional 7,226 shares in the last quarter. Scotia Capital Inc. purchased a new position in shares of KLA-Tencor Corporation during the fourth quarter worth $395,000. Envestnet Asset Management Inc. boosted its stake in KLA-Tencor Corporation by 113.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,652 shares of the semiconductor company’s stock worth $1,624,000 after buying an additional 10,975 shares in the last quarter. Finally, Tyers Asset Management LLC bought a new stake in KLA-Tencor Corporation during the fourth quarter worth approximately $176,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.
KLA-Tencor Corporation (NASDAQ KLAC) traded up 0.21% on Tuesday, reaching $99.34. The company’s stock had a trading volume of 221,237 shares. KLA-Tencor Corporation has a 12 month low of $66.88 and a 12 month high of $109.59. The stock’s 50 day moving average price is $101.22 and its 200 day moving average price is $92.48. The company has a market cap of $15.57 billion, a P/E ratio of 16.59 and a beta of 1.63.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. KLA-Tencor Corporation had a net margin of 27.20% and a return on equity of 106.36%. The business had revenue of $914 million during the quarter, compared to analyst estimates of $895.69 million. During the same period in the previous year, the business earned $1.15 EPS. KLA-Tencor Corporation’s revenue was up 28.4% compared to the same quarter last year. Equities research analysts forecast that KLA-Tencor Corporation will post $5.89 earnings per share for the current year.
Several analysts have commented on KLAC shares. Cowen and Company restated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating and set a $100.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. B. Riley restated a “buy” rating and set a $115.00 price objective on shares of KLA-Tencor Corporation in a report on Friday, April 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $102.00 price target (up from $92.00) on shares of KLA-Tencor Corporation in a report on Monday, June 19th. Finally, Susquehanna Bancshares Inc reiterated a “reduce” rating and issued a $65.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. KLA-Tencor Corporation has a consensus rating of “Hold” and an average target price of $94.91.
In related news, insider Bobby R. Bell sold 5,695 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $100.54, for a total transaction of $572,575.30. Following the transaction, the insider now owns 1 shares in the company, valued at $100.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Virendra A. Kirloskar sold 314 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total transaction of $28,806.36. Following the completion of the sale, the senior vice president now directly owns 611 shares of the company’s stock, valued at $56,053.14. The disclosure for this sale can be found here. Insiders have sold a total of 12,932 shares of company stock valued at $1,267,268 over the last ninety days. 0.26% of the stock is currently owned by insiders.
KLA-Tencor Corporation 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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