Manning & Napier Advisors LLC trimmed its holdings in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,401 shares of the semiconductor company’s stock after selling 2,745 shares during the period. Manning & Napier Advisors LLC’s holdings in KLA-Tencor Corporation were worth $3,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alps Advisors Inc. boosted its position in KLA-Tencor Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after buying an additional 14 shares during the period. Contravisory Investment Management Inc. boosted its position in KLA-Tencor Corporation by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 18 shares during the period. Navellier & Associates Inc boosted its position in KLA-Tencor Corporation by 1.2% during the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 30 shares during the period. Checchi Capital Advisers LLC boosted its position in KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 44 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in KLA-Tencor Corporation by 1.9% during the second quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 91.26% of the company’s stock.

Several analysts have issued reports on KLAC shares. BidaskClub lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. B. Riley restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, July 28th. 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. Stifel Nicolaus restated a “hold” rating and set a $103.00 price target (up from $102.00) on shares of KLA-Tencor Corporation in a research report on Sunday, July 30th. Finally, Zacks Investment Research lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $107.51.

KLA-Tencor Corporation (KLAC) traded up $1.32 during mid-day trading on Monday, reaching $102.97. 193,077 shares of the company were exchanged, compared to its average volume of 1,235,078. KLA-Tencor Corporation has a 12 month low of $74.66 and a 12 month high of $110.00. The company has a market capitalization of $15,929.36, a P/E ratio of 15.45 and a beta of 1.68. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. During the same period in the prior year, the firm earned $1.16 earnings per share. KLA-Tencor Corporation’s revenue was up 29.2% on a year-over-year basis. equities research analysts anticipate that KLA-Tencor Corporation will post 7.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, November 14th. KLA-Tencor Corporation’s payout ratio is currently 36.14%.

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In other KLA-Tencor Corporation news, CFO Bren D. Higgins sold 3,599 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $101.52, for a total transaction of $365,370.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward W. Barnholt sold 10,914 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $104.90, for a total transaction of $1,144,878.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,025 shares of company stock valued at $4,088,345. 0.20% of the stock is owned by insiders.

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.

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

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