Amalgamated Bank boosted its holdings in KLA-Tencor Corporation (NASDAQ:KLAC) by 56.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,518 shares of the semiconductor company’s stock after purchasing an additional 6,705 shares during the quarter. Amalgamated Bank’s holdings in KLA-Tencor Corporation were worth $1,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in KLA-Tencor Corporation by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock valued at $1,566,668,000 after purchasing an additional 482,997 shares during the period. Primecap Management Co. CA grew its position in KLA-Tencor Corporation by 1.0% in the 1st quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock valued at $1,345,167,000 after purchasing an additional 140,530 shares during the period. BlackRock Inc. grew its position in KLA-Tencor Corporation by 1,865.4% in the 1st quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after purchasing an additional 10,573,812 shares during the period. State Street Corp grew its position in KLA-Tencor Corporation by 6.7% in the 1st quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after purchasing an additional 436,022 shares during the period. Finally, American International Group Inc. grew its position in KLA-Tencor Corporation by 1.3% in the 1st quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock valued at $508,720,000 after purchasing an additional 66,248 shares during the period. 89.16% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on KLAC. BidaskClub downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Credit Suisse Group set a $115.00 price target on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $108.00 to $97.00 in a research report on Wednesday, September 13th. Finally, UBS AG reissued a “neutral” rating and issued a $110.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. KLA-Tencor Corporation currently has an average rating of “Hold” and an average target price of $99.40.

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KLA-Tencor Corporation (NASDAQ KLAC) opened at 102.01 on Wednesday. KLA-Tencor Corporation has a 52 week low of $68.43 and a 52 week high of $109.59. The company has a market capitalization of $16.00 billion, a PE ratio of 17.35 and a beta of 1.62. The firm’s 50-day moving average price is $92.98 and its 200 day moving average price is $96.89.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $923.80 million. During the same period in the prior year, the firm posted $1.77 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.59 dividend. This is a boost 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 2.31%. The ex-dividend date of this dividend was Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio is currently 40.14%.

In other news, CFO Bren D. Higgins sold 2,559 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total value of $239,855.07. Following the sale, the chief financial officer now directly owns 854 shares of the company’s stock, valued at $80,045.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brian Lorig sold 2,893 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $95.24, for a total value of $275,529.32. Following the completion of the sale, 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. Over the last three months, insiders sold 83,350 shares of company stock worth $7,560,869. 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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