Catalyst Capital Advisors LLC Buys 40,045 Shares of KLA-Tencor Corporation (NASDAQ:KLAC)
Catalyst Capital Advisors LLC increased its position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 66.7% during the second quarter, Holdings Channel reports. The firm owned 100,045 shares of the semiconductor company’s stock after buying an additional 40,045 shares during the period. Catalyst Capital Advisors LLC’s holdings in KLA-Tencor Corporation were worth $9,156,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Grove Bank & Trust increased its stake in shares of KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 290 shares during the last quarter. Cohen Capital Management Inc. acquired a new stake in shares of KLA-Tencor Corporation during the first quarter valued at $119,000. Ledyard National Bank acquired a new stake in shares of KLA-Tencor Corporation during the first quarter valued at $135,000. Trust Co. of Vermont increased its stake in shares of KLA-Tencor Corporation 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 last quarter. Finally, IFP Advisors Inc increased its stake in shares of KLA-Tencor Corporation 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 last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.
KLA-Tencor Corporation (NASDAQ:KLAC) opened at 90.34 on Friday. KLA-Tencor Corporation has a 12-month low of $66.89 and a 12-month high of $109.59. The firm’s 50-day moving average price is $95.09 and its 200 day moving average price is $95.62. The stock has a market capitalization of $14.17 billion, a P/E ratio of 15.36 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The company 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 earnings per share. On average, equities analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a $0.59 dividend. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a yield of 2.61%. KLA-Tencor Corporation’s payout ratio is presently 36.73%.
KLAC has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $115.00 price target on shares of KLA-Tencor Corporation in a report on Friday, April 28th. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Cowen and Company reiterated 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 set a $115.00 price target on KLA-Tencor Corporation and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. KLA-Tencor Corporation currently has an average rating of “Hold” and a consensus target price of $98.86.
In other KLA-Tencor Corporation news, insider Bobby R. Bell sold 5,695 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $100.54, for a total value of $572,575.30. Following the sale, the insider now owns 1 shares of the company’s stock, valued at $100.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian Lorig sold 967 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.08, for a total value of $87,107.36. Following the completion of the sale, the senior vice president now directly owns 566 shares in the company, valued at approximately $50,985.28. The disclosure for this sale can be found here. In the last three months, insiders sold 38,615 shares of company stock worth $3,525,173. 0.26% of the stock is owned by corporate insiders.
About KLA-Tencor Corporation
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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