Stevens Capital Management LP purchased a new stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 85,641 shares of the semiconductor company’s stock, valued at approximately $7,837,000. Stevens Capital Management LP owned 0.05% of KLA-Tencor Corporation at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of KLA-Tencor Corporation by 1.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 322,270 shares of the semiconductor company’s stock worth $29,491,000 after purchasing an additional 4,477 shares in the last quarter. AXA increased its stake in shares of KLA-Tencor Corporation by 112.4% in the 1st quarter. AXA now owns 90,700 shares of the semiconductor company’s stock worth $8,623,000 after purchasing an additional 48,000 shares in the last quarter. Utah Retirement Systems increased its stake in shares of KLA-Tencor Corporation by 0.4% in the 2nd quarter. Utah Retirement Systems now owns 28,630 shares of the semiconductor company’s stock worth $2,620,000 after purchasing an additional 100 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of KLA-Tencor Corporation by 120.8% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 40,400 shares of the semiconductor company’s stock worth $3,697,000 after purchasing an additional 22,100 shares in the last quarter. Finally, Royal Bank of Scotland Group PLC increased its stake in shares of KLA-Tencor Corporation by 12.8% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 180,360 shares of the semiconductor company’s stock worth $17,147,000 after purchasing an additional 20,481 shares in the last quarter. 89.18% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on KLAC shares. Cowen and Company upped their price objective on KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. UBS AG reiterated a “neutral” rating and issued a $110.00 price target on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $102.00 price target (up previously from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc reiterated a “reduce” rating and issued a $65.00 price target on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $99.40.

In other KLA-Tencor Corporation news, CFO Bren D. Higgins sold 2,559 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total transaction of $239,855.07. Following the transaction, the chief financial officer now directly owns 854 shares of the company’s stock, valued at approximately $80,045.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian Lorig sold 2,893 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $95.24, for a total transaction of $275,529.32. Following the transaction, the senior vice president now directly owns 566 shares in the company, valued at $53,905.84. The disclosure for this sale can be found here. Insiders sold a total of 83,350 shares of company stock worth $7,560,869 over the last ninety days. Insiders own 0.26% of the company’s stock.

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KLA-Tencor Corporation (KLAC) traded up 1.21% during trading on Friday, reaching $98.64. 2,448,940 shares of the company’s stock traded hands. The company has a market cap of $15.47 billion, a PE ratio of 16.78 and a beta of 1.62. KLA-Tencor Corporation has a 12-month low of $68.43 and a 12-month high of $109.59. The company has a 50 day moving average price of $92.53 and a 200-day moving average price of $96.65.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 40.14%.

KLA-Tencor Corporation 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.

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

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