Securian Asset Management Inc reduced its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,643 shares of the semiconductor company’s stock after selling 360 shares during the quarter. Securian Asset Management Inc’s holdings in KLA-Tencor were worth $1,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in KLA-Tencor during the third quarter valued at approximately $246,000. State of Alaska Department of Revenue lifted its position in KLA-Tencor by 11.0% during the third quarter. State of Alaska Department of Revenue now owns 50,580 shares of the semiconductor company’s stock valued at $5,143,000 after acquiring an additional 4,997 shares during the last quarter. Manning & Napier Group LLC lifted its position in KLA-Tencor by 9.9% during the third quarter. Manning & Napier Group LLC now owns 45,371 shares of the semiconductor company’s stock valued at $4,614,000 after acquiring an additional 4,074 shares during the last quarter. DNB Asset Management AS lifted its position in KLA-Tencor by 3.4% during the third quarter. DNB Asset Management AS now owns 20,269 shares of the semiconductor company’s stock valued at $2,062,000 after acquiring an additional 669 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in KLA-Tencor by 14.0% during the third quarter. Bank of Montreal Can now owns 452,045 shares of the semiconductor company’s stock valued at $45,979,000 after acquiring an additional 55,584 shares during the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

A number of equities research analysts recently commented on the stock. Cowen reissued an “outperform” rating and set a $120.00 target price on shares of KLA-Tencor in a research report on Wednesday, January 30th. BidaskClub raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Zacks Investment Research cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Finally, Deutsche Bank decreased their price target on shares of KLA-Tencor from $115.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $127.83.

In other news, CFO Bren D. Higgins sold 3,795 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $94.07, for a total value of $356,995.65. Following the sale, the chief financial officer now owns 1,669 shares in the company, valued at $157,002.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ahmad A. Khan sold 5,028 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $94.22, for a total transaction of $473,738.16. Following the completion of the sale, the executive vice president now owns 8,033 shares in the company, valued at approximately $756,869.26. The disclosure for this sale can be found here. Insiders sold 12,462 shares of company stock worth $1,189,807 in the last quarter. Company insiders own 0.19% of the company’s stock.

NASDAQ KLAC opened at $105.60 on Monday. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.76 and a beta of 1.59. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $123.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. During the same quarter last year, the company posted $1.97 earnings per share. As a group, equities analysts anticipate that KLA-Tencor Corp will post 8.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.84%. KLA-Tencor’s payout ratio is currently 37.50%.

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KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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