Amundi Pioneer Asset Management Inc. cut its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,597 shares of the semiconductor company’s stock after selling 15,088 shares during the period. Amundi Pioneer Asset Management Inc. owned approximately 0.27% of KLA-Tencor worth $51,417,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in KLA-Tencor in the 4th quarter valued at $157,620,000. Delphi Management Inc. MA bought a new stake in KLA-Tencor in the 4th quarter valued at $1,006,000. CIBC Asset Management Inc boosted its holdings in KLA-Tencor by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 22,741 shares of the semiconductor company’s stock valued at $2,035,000 after purchasing an additional 96 shares during the period. Swiss National Bank boosted its holdings in KLA-Tencor by 7.5% in the 1st quarter. Swiss National Bank now owns 545,826 shares of the semiconductor company’s stock valued at $65,177,000 after purchasing an additional 37,900 shares during the period. Finally, Capital Management Associates NY bought a new stake in KLA-Tencor in the 1st quarter valued at $284,000. 88.82% of the stock is owned by hedge funds and other institutional investors.
In other KLA-Tencor news, EVP Ahmad A. Khan sold 3,633 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total transaction of $422,336.25. Following the sale, the executive vice president now owns 549 shares of the company’s stock, valued at approximately $63,821.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teri A. Little sold 1,500 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total transaction of $165,570.00. Following the sale, the executive vice president now directly owns 5,517 shares in the company, valued at approximately $608,966.46. The disclosure for this sale can be found here. Insiders have sold a total of 5,407 shares of company stock valued at $621,159 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.02 EPS. On average, analysts forecast that KLA-Tencor Corp will post 8.4 EPS for the current fiscal year.
A number of brokerages have weighed in on KLAC. Wells Fargo & Co set a $45.00 price target on shares of Perrigo and gave the company a “hold” rating in a report on Wednesday, June 19th. Cowen restated a “hold” rating and issued a $353.00 price objective on shares of Regeneron Pharmaceuticals in a research note on Tuesday, May 7th. Goldman Sachs Group cut shares of TerraForm Power from a “neutral” rating to a “sell” rating and set a $12.00 price objective for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. UBS Group restated a “buy” rating and issued a $25.00 price objective on shares of Infineon Technologies in a research note on Tuesday, May 7th. Finally, ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. KLA-Tencor currently has a consensus rating of “Buy” and an average target price of $131.61.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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