KLA-Tencor Corp (KLAC) Stake Lessened by Glenmede Trust Co. NA
Glenmede Trust Co. NA lowered its position in KLA-Tencor Corp (NASDAQ:KLAC) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 251,212 shares of the semiconductor company’s stock after selling 2,743 shares during the period. Glenmede Trust Co. NA’s holdings in KLA-Tencor were worth $26,394,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of KLA-Tencor by 96.1% in the 4th quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 951 shares during the period. Edge Advisors LLC lifted its position in shares of KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of KLA-Tencor in the 3rd quarter worth approximately $212,000. Cetera Advisor Networks LLC acquired a new position in shares of KLA-Tencor in the 3rd quarter worth approximately $223,000. Finally, Covington Capital Management acquired a new position in shares of KLA-Tencor during the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 91.26% of the company’s stock.
In other KLA-Tencor news, insider Richard P. Wallace sold 13,299 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the transaction, the insider now owns 43,442 shares in the company, valued at $4,782,964.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bren D. Higgins sold 854 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $112.92, for a total transaction of $96,433.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,445 shares of company stock worth $2,579,450. Corporate insiders own 0.20% of the company’s stock.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The firm had revenue of $975.82 million for the quarter, compared to the consensus estimate of $968.00 million. During the same quarter in the prior year, the company posted $1.52 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. equities analysts forecast that KLA-Tencor Corp will post 7.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.75 per share. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 annualized dividend and a yield of 2.59%. KLA-Tencor’s dividend payout ratio is presently 56.87%.
KLAC has been the topic of a number of research reports. Needham & Company LLC downgraded shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, December 27th. Argus initiated coverage on shares of KLA-Tencor in a research report on Wednesday, November 29th. They set a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of KLA-Tencor from $121.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, BidaskClub upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.57.
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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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