Nissay Asset Management Corp Japan ADV lessened its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,316 shares of the semiconductor company’s stock after selling 1,465 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in KLA-Tencor were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of KLA-Tencor during the 1st quarter worth $26,000. NuWave Investment Management LLC acquired a new stake in shares of KLA-Tencor during the 1st quarter worth $27,000. Resources Investment Advisors Inc. acquired a new stake in shares of KLA-Tencor during the 4th quarter worth $29,000. JOYN Advisors Inc. grew its holdings in shares of KLA-Tencor by 251.0% during the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Finally, Spectrum Management Group Inc. acquired a new stake in shares of KLA-Tencor during the 1st quarter worth $40,000. Institutional investors and hedge funds own 92.81% of the company’s stock.

Shares of KLAC stock opened at $109.57 on Thursday. The company has a quick ratio of 1.84, a current ratio of 2.61 and a debt-to-equity ratio of 1.10. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $129.03. The firm has a market cap of $17.59 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.61.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $2.02 EPS. KLA-Tencor’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts expect that KLA-Tencor Corp will post 8.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. KLA-Tencor’s dividend payout ratio is currently 37.50%.

Several analysts have recently issued reports on the company. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. UBS Group increased their target price on KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC assumed coverage on KLA-Tencor in a report on Tuesday, April 16th. They set a “hold” rating on the stock. Finally, Cowen reissued an “outperform” rating and set a $145.00 target price (up from $140.00) on shares of KLA-Tencor in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $133.36.

In related news, EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total transaction of $165,570.00. Following the completion of the sale, the executive vice president now directly owns 5,517 shares in the company, valued at approximately $608,966.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bren D. Higgins sold 1,669 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.63, for a total value of $194,655.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,943 shares of company stock valued at $1,033,979. 0.19% of the stock is owned by corporate insiders.

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About KLA-Tencor

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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