Tredje AP fonden lifted its position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 111.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,710 shares of the semiconductor company’s stock after purchasing an additional 14,090 shares during the quarter. Tredje AP fonden’s holdings in KLA-Tencor Corporation were worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in KLAC. Grove Bank & Trust grew its holdings in shares of KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares in the last quarter. Invictus RG acquired a new stake in shares of KLA-Tencor Corporation during the 1st quarter worth approximately $202,000. Checchi Capital Advisers LLC grew its holdings in shares of KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares in the last quarter. GWM Advisors LLC acquired a new stake in shares of KLA-Tencor Corporation during the 1st quarter worth approximately $209,000. Finally, IBM Retirement Fund grew its holdings in shares of KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 584 shares in the last quarter. 89.18% of the stock is currently owned by institutional investors.

Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 94.35 on Friday. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 16.05 and a beta of 1.62. The company has a 50-day moving average price of $92.87 and a 200 day moving average price of $96.39. KLA-Tencor Corporation has a 52 week low of $68.43 and a 52 week high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. During the same quarter last year, the company earned $1.77 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Analysts expect that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, August 11th. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 40.14%.

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Several analysts have recently weighed in on KLAC shares. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Cowen and Company reissued a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. BidaskClub lowered KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $98.86.

In other KLA-Tencor Corporation news, insider Bobby R. Bell sold 5,695 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $100.54, for a total transaction of $572,575.30. Following the transaction, the insider now owns 1 shares in the company, valued at approximately $100.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Virendra A. Kirloskar sold 314 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total value of $28,806.36. Following the transaction, the senior vice president now owns 611 shares in the company, valued at approximately $56,053.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,152 shares of company stock worth $7,857,915. Corporate insiders own 0.26% of the company’s stock.

KLA-Tencor Corporation Company Profile

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.

Institutional Ownership by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

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