Huntington National Bank continued to hold its position in KLA-Tencor Corp. (NASDAQ:KLAC) during the second quarter, Holdings Channel reports. The fund owned 211,075 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in KLA-Tencor Corp. were worth $12,303,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in KLAC. Bank of Montreal Can bought a new position in shares of KLA-Tencor Corp. during the second quarter valued at $19,466,000. Oakbrook Investments LLC boosted its position in shares of KLA-Tencor Corp. by 9.9% in the second quarter. Oakbrook Investments LLC now owns 9,400 shares of the company’s stock valued at $689,000 after buying an additional 850 shares during the last quarter. TIAA CREF Trust Co. FSB MO boosted its position in shares of KLA-Tencor Corp. by 11.3% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 20,951 shares of the company’s stock valued at $1,534,000 after buying an additional 2,119 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of KLA-Tencor Corp. during the second quarter valued at $513,000. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of KLA-Tencor Corp. by 50.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 11,000 shares of the company’s stock valued at $793,000 after buying an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded down 0.77% during midday trading on Monday, reaching $69.69. 1,206,205 shares of the company’s stock traded hands. The firm has a market cap of $10.87 billion, a PE ratio of 15.52 and a beta of 1.54. The stock has a 50-day moving average price of $70.84 and a 200 day moving average price of $71.78. KLA-Tencor Corp. has a 12 month low of $46.76 and a 12 month high of $77.85.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its earnings results on Thursday, July 28th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.42 by $0.35. The company earned $919.17 million during the quarter, compared to the consensus estimate of $842.10 million. KLA-Tencor Corp. had a net margin of 23.60% and a return on equity of 159.94%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Equities research analysts predict that KLA-Tencor Corp. will post $4.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, August 11th. KLA-Tencor Corp.’s payout ratio is presently 46.33%.
Several equities analysts have recently weighed in on the company. Credit Suisse Group AG upgraded KLA-Tencor Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $82.00 to $85.00 in a report on Tuesday, September 13th. Cowen and Company upgraded KLA-Tencor Corp. from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $79.00 to $80.00 in a report on Monday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating on shares of KLA-Tencor Corp. in a report on Wednesday, August 17th. Susquehanna restated a “neutral” rating on shares of KLA-Tencor Corp. in a report on Saturday, August 13th. Finally, Zacks Investment Research upgraded KLA-Tencor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. KLA-Tencor Corp. currently has a consensus rating of “Hold” and a consensus target price of $73.71.
In other news, CFO Bren D. Higgins sold 363 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $72.23, for a total transaction of $26,219.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.
KLA-Tencor Corp. Company Profile
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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