Breton Hill Capital Ltd. increased its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 20,467 shares of the semiconductor company’s stock after buying an additional 35 shares during the period. Breton Hill Capital Ltd.’s holdings in KLA-Tencor Corporation were worth $1,873,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Cohen Capital Management Inc. acquired a new position in shares of KLA-Tencor Corporation during the first quarter worth approximately $119,000. Ledyard National Bank acquired a new position in shares of KLA-Tencor Corporation during the first quarter worth approximately $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 period. 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 period. Finally, Advisory Services Network LLC acquired a new position in shares of KLA-Tencor Corporation during the first quarter worth approximately $202,000. 91.96% of the stock is currently owned by hedge funds and other institutional investors.
KLA-Tencor Corporation (KLAC) opened at 90.34 on Friday. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 15.36 and a beta of 1.62. KLA-Tencor Corporation has a one year low of $66.89 and a one year high of $109.59. The stock’s 50 day moving average is $95.09 and its 200 day moving average is $95.62.
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 Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. During the same period last year, the company posted $1.77 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.61%. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 36.73%.
KLAC has been the topic of a number of recent research reports. UBS AG lowered shares of KLA-Tencor Corporation to a “neutral” rating in a report on Monday, April 17th. Susquehanna Bancshares Inc reiterated a “negative” rating on shares of KLA-Tencor Corporation in a report on Monday, April 17th. B. Riley reiterated a “buy” rating and set a $115.00 price target on shares of KLA-Tencor Corporation in a report on Friday, April 28th. Cowen and Company reiterated an “outperform” rating and set a $115.00 price target (up previously from $96.00) on shares of KLA-Tencor Corporation in a report on Friday, April 28th. Finally, Needham & Company LLC lifted their price target on shares of KLA-Tencor Corporation from $105.00 to $120.00 and gave the stock a “strong-buy” rating in a report on Friday, April 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $98.86.
In related news, SVP Brian Lorig sold 967 shares of KLA-Tencor Corporation stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $90.08, for a total transaction of $87,107.36. Following the completion of the transaction, the senior vice president now directly owns 566 shares of the company’s stock, valued at approximately $50,985.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bobby R. Bell sold 5,695 shares of KLA-Tencor Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $100.54, for a total transaction of $572,575.30. Following the transaction, the insider now directly owns 1 shares of the company’s stock, valued at $100.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,615 shares of company stock valued at $3,525,173. 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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