GAM Holding AG Continues to Hold Position in KLA-Tencor Corporation (KLAC)
GAM Holding AG held its stake in KLA-Tencor Corporation (NASDAQ:KLAC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,346 shares of the semiconductor company’s stock at the end of the second quarter. GAM Holding AG’s holdings in KLA-Tencor Corporation were worth $2,319,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Grove Bank & Trust boosted its stake in 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. Trust Co. of Vermont boosted its stake in 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. IFP Advisors Inc boosted its stake in 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. Advisory Services Network LLC purchased a new stake in KLA-Tencor Corporation during the first quarter valued at $202,000. Finally, Invictus RG purchased a new stake in KLA-Tencor Corporation during the first quarter valued at $202,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.
KLA-Tencor Corporation (NASDAQ:KLAC) opened at 91.54 on Tuesday. The company has a 50-day moving average price of $94.21 and a 200 day moving average price of $95.99. KLA-Tencor Corporation has a 52-week low of $66.89 and a 52-week high of $109.59. The company has a market capitalization of $14.36 billion, a PE ratio of 15.57 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 EPS. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 40.14%.
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KLAC has been the topic of a number of analyst reports. BidaskClub cut KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. B. Riley reissued a “buy” rating and issued a $115.00 price target on shares of KLA-Tencor Corporation in a research report on Wednesday, May 3rd. Cowen and Company reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research 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 research report on Saturday, July 29th. Finally, Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $98.86.
In other news, insider Bobby R. Bell sold 5,695 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the completion of the transaction, the insider now owns 1 shares in the company, valued at approximately $100.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Virendra A. Kirloskar sold 314 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total transaction of $28,806.36. Following the completion of the transaction, the senior vice president now owns 611 shares of the company’s stock, valued at approximately $56,053.14. The disclosure for this sale can be found here. Insiders sold a total of 80,518 shares of company stock valued at $7,329,841 in the last quarter. Insiders own 0.26% of the company’s stock.
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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