Miles Capital Inc. increased its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,922 shares of the semiconductor company’s stock after acquiring an additional 78 shares during the period. Miles Capital Inc.’s holdings in KLA-Tencor were worth $227,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexavest Inc. bought a new stake in shares of KLA-Tencor in the second quarter valued at approximately $28,000. Parallel Advisors LLC increased its position in shares of KLA-Tencor by 152.3% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 201 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of KLA-Tencor by 136.8% during the 1st quarter. Global Retirement Partners LLC now owns 341 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 197 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of KLA-Tencor by 560.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 297 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of KLA-Tencor during the 2nd quarter worth approximately $47,000. 87.25% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on KLAC. Bank of America reissued a “buy” rating and set a $150.00 target price (up from $140.00) on shares of KLA-Tencor in a report on Tuesday, August 6th. Deutsche Bank boosted their target price on KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on KLA-Tencor from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Goldman Sachs Group lowered KLA-Tencor from a “neutral” rating to a “sell” rating in a report on Monday, July 22nd. Finally, Credit Suisse Group boosted their target price on KLA-Tencor from $130.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $149.35.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $2.22 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts predict that KLA-Tencor Corp will post 9.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. KLA-Tencor’s payout ratio is presently 35.46%.
In other KLA-Tencor news, insider Brian M. Trafas sold 274 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $121.36, for a total value of $33,252.64. Following the completion of the transaction, the insider now owns 274 shares of the company’s stock, valued at approximately $33,252.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian Lorig sold 1,505 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $151.58, for a total value of $228,127.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,807 shares of company stock valued at $5,860,097. Insiders own 0.19% of the company’s stock.
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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