Candriam Luxembourg S.C.A. raised its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 359.2% during the second quarter, Holdings Channel reports. The firm owned 46,693 shares of the semiconductor company’s stock after buying an additional 36,525 shares during the period. Candriam Luxembourg S.C.A.’s holdings in KLA-Tencor Corporation were worth $4,273,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KLAC. Contravisory Investment Management Inc. increased its position in shares of KLA-Tencor Corporation by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after buying an additional 18 shares during the period. Palo Capital Inc. increased its position in shares of KLA-Tencor Corporation by 0.5% in the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock worth $739,000 after buying an additional 37 shares during the period. Trust Co. of Vermont increased 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. Cleararc Capital Inc. increased its position in shares of KLA-Tencor Corporation by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the semiconductor company’s stock worth $366,000 after buying an additional 58 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of KLA-Tencor Corporation by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,200 shares of the semiconductor company’s stock worth $1,540,000 after buying an additional 80 shares during the period. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 92.01 on Tuesday. The company has a market capitalization of $14.41 billion, a PE ratio of 15.65 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. The company has a 50 day moving average price of $97.02 and a 200 day moving average price of $95.42.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. During the same period in the previous year, the business earned $1.77 EPS. KLA-Tencor Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.59 per share. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, August 11th. KLA-Tencor Corporation’s payout ratio is 36.73%.

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A number of equities analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $115.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. UBS AG downgraded KLA-Tencor Corporation to a “neutral” rating in a research report on Monday, April 17th. Cowen and Company reissued a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Susquehanna Bancshares Inc reissued a “negative” rating on shares of KLA-Tencor Corporation in a research report on Monday, April 17th. Three 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 given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $98.86.

In other news, CFO Bren D. Higgins sold 314 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $29,154.90. Following the completion of the transaction, the chief financial officer now directly owns 314 shares in the company, valued at approximately $29,154.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian Lorig sold 526 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $48,839.10. Following the transaction, the senior vice president now owns 1,092 shares of the company’s stock, valued at $101,392.20. The disclosure for this sale can be found here. Insiders have sold a total of 11,272 shares of company stock valued at $1,097,537 over the last 90 days. Company 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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Institutional Ownership by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

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