First Midwest Bank Trust Division raised its stake in shares of KLA-Tencor Corp. (NASDAQ:KLAC) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 11,457 shares of the company’s stock after buying an additional 50 shares during the period. First Midwest Bank Trust Division’s holdings in KLA-Tencor Corp. were worth $839,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Legacy Private Trust Co. acquired a new stake in KLA-Tencor Corp. during the second quarter valued at approximately $284,000. Nordea Investment Management AB acquired a new stake in KLA-Tencor Corp. during the second quarter valued at approximately $299,000. Candriam Luxembourg S.C.A. boosted its stake in KLA-Tencor Corp. by 42.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 5,382 shares of the company’s stock valued at $394,000 after buying an additional 1,592 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in KLA-Tencor Corp. during the second quarter valued at approximately $513,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in KLA-Tencor Corp. during the first quarter valued at approximately $530,000. 85.80% of the stock is owned by institutional investors and hedge funds.
KLA-Tencor Corp. (NASDAQ:KLAC) traded up 1.00% during trading on Monday, hitting $70.41. The stock had a trading volume of 1,822,580 shares. KLA-Tencor Corp. has a 1-year low of $51.15 and a 1-year high of $77.85. The stock has a market cap of $10.98 billion, a PE ratio of 15.68 and a beta of 1.75. The firm’s 50-day moving average price is $69.49 and its 200-day moving average price is $71.81.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.35. KLA-Tencor Corp. had a return on equity of 159.94% and a net margin of 23.60%. The business earned $919.17 million during the quarter, compared to analyst estimates of $842.10 million. During the same period in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts predict that KLA-Tencor Corp. will post $4.88 earnings per share for the current fiscal year.
Several analysts have recently commented on KLAC shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of KLA-Tencor Corp. in a report on Wednesday, August 17th. Zacks Investment Research raised KLA-Tencor Corp. from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Wednesday, September 28th. Credit Suisse Group AG reaffirmed a “focus list” rating and set a $85.00 price objective on shares of KLA-Tencor Corp. in a report on Monday. Pacific Crest reaffirmed a “hold” rating on shares of KLA-Tencor Corp. in a report on Friday, July 29th. Finally, Deutsche Bank AG lifted their price objective on KLA-Tencor Corp. from $72.00 to $78.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corp. currently has an average rating of “Hold” and an average target price of $73.46.
In related news, CFO Bren D. Higgins sold 363 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total value of $26,219.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.
About KLA-Tencor Corp.
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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