State of New Jersey Common Pension Fund D Continues to Hold Stake in KLA-Tencor Corporation (NASDAQ:KLAC)
State of New Jersey Common Pension Fund D held its position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) during the second quarter, Holdings Channel reports. The institutional investor owned 135,000 shares of the semiconductor company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in KLA-Tencor Corporation were worth $12,354,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust raised its position 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 worth $114,000 after buying an additional 290 shares during the last quarter. Cohen Capital Management Inc. purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth $119,000. Ledyard National Bank purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth $135,000. Trust Co. of Vermont raised its position 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 worth $138,000 after buying an additional 45 shares during the last quarter. Finally, IFP Advisors Inc raised its position 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 worth $195,000 after buying an additional 928 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors.
KLA-Tencor Corporation (NASDAQ KLAC) opened at 91.48 on Thursday. The firm has a 50-day moving average price of $95.55 and a 200-day moving average price of $95.61. The company has a market cap of $14.33 billion, a P/E ratio of 15.56 and a beta of 1.62. KLA-Tencor Corporation has a 52 week low of $66.88 and a 52 week high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.59 dividend. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.58%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 36.73%.
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KLAC has been the subject of several recent research reports. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. 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. UBS AG downgraded KLA-Tencor Corporation to a “neutral” rating in a report on Monday, April 17th. B. Riley reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc reiterated a “negative” rating on shares of KLA-Tencor Corporation in a report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $98.86.
In related news, insider Brian M. Trafas sold 5,692 shares of KLA-Tencor Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $507,441.80. Following the completion of the sale, the insider now owns 3,450 shares of the company’s stock, valued at $307,567.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ahmad A. Khan sold 4,066 shares of KLA-Tencor Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the sale, the executive vice president now directly owns 5,489 shares of the company’s stock, valued at approximately $489,344.35. The disclosure for this sale can be found here. In the last three months, insiders sold 35,241 shares of company stock valued at $3,216,646. Corporate 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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