Amalgamated Bank reduced its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 30.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,813 shares of the semiconductor company’s stock after selling 5,074 shares during the period. Amalgamated Bank’s holdings in KLA-Tencor Corporation were worth $1,123,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP increased its stake in shares of KLA-Tencor Corporation by 73.6% in the fourth quarter. GSA Capital Partners LLP now owns 10,409 shares of the semiconductor company’s stock valued at $819,000 after buying an additional 4,412 shares in the last quarter. Fred Alger Management Inc. increased its stake in shares of KLA-Tencor Corporation by 40.4% in the fourth quarter. Fred Alger Management Inc. now owns 25,091 shares of the semiconductor company’s stock valued at $1,974,000 after buying an additional 7,226 shares in the last quarter. Scotia Capital Inc. bought a new stake in shares of KLA-Tencor Corporation during the fourth quarter valued at about $395,000. Envestnet Asset Management Inc. increased its stake in shares of KLA-Tencor Corporation by 113.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,652 shares of the semiconductor company’s stock valued at $1,624,000 after buying an additional 10,975 shares in the last quarter. Finally, Tyers Asset Management LLC bought a new stake in shares of KLA-Tencor Corporation during the fourth quarter valued at about $176,000. 91.93% of the stock is currently owned by institutional investors.

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

KLA-Tencor Corporation (KLAC) traded up 0.49% during trading on Wednesday, reaching $98.06. The company had a trading volume of 108,406 shares. KLA-Tencor Corporation has a 12 month low of $66.88 and a 12 month high of $109.59. The stock has a 50 day moving average price of $102.14 and a 200 day moving average price of $91.78. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 16.37 and a beta of 1.61.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. KLA-Tencor Corporation had a return on equity of 106.36% and a net margin of 27.20%. The business had revenue of $914 million for the quarter, compared to the consensus estimate of $895.69 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. KLA-Tencor Corporation’s revenue for the quarter was up 28.4% compared to the same quarter last year. On average, equities research analysts predict that KLA-Tencor Corporation will post $5.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.16 dividend on an annualized basis and a yield of 2.21%. KLA-Tencor Corporation’s payout ratio is 36.06%.

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Several brokerages have recently issued reports on KLAC. Cowen and Company upped their price objective on KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, June 2nd. Credit Suisse Group restated an “outperform” rating and issued a $100.00 price objective on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Needham & Company LLC upped their price objective on KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research report on Friday, April 28th. B. Riley restated a “buy” rating and issued a $115.00 price objective on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $100.00 price objective (up from $85.00) on shares of KLA-Tencor Corporation in a research report on Saturday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $93.83.

In related news, SVP Brian Lorig sold 1,663 shares of KLA-Tencor Corporation stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $99.81, for a total transaction of $165,984.03. Following the completion of the sale, the senior vice president now owns 1,346 shares of the company’s stock, valued at $134,344.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bobby R. Bell sold 5,695 shares of KLA-Tencor Corporation stock in a transaction on Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the sale, the insider now directly owns 1 shares of the company’s stock, valued at approximately $100.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,858 shares of company stock valued at $986,284. Insiders own 0.26% of the company’s stock.

KLA-Tencor Corporation Company 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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