Highbridge Capital Management LLC bought a new stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the semiconductor company’s stock, valued at approximately $212,000.

Several other large investors have also recently bought and sold shares of the company. Alps Advisors Inc. increased its holdings in shares of KLA-Tencor by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 14 shares in the last quarter. Navellier & Associates Inc increased its holdings in shares of KLA-Tencor by 1.2% during the 2nd quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 30 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of KLA-Tencor by 1.3% during the 2nd quarter. Nordea Investment Management AB now owns 6,586 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 85 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of KLA-Tencor by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 28,630 shares of the semiconductor company’s stock valued at $2,620,000 after purchasing an additional 100 shares in the last quarter. Finally, Intellectus Partners LLC increased its holdings in shares of KLA-Tencor by 2.1% during the 2nd quarter. Intellectus Partners LLC now owns 5,103 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 103 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Virendra A. Kirloskar sold 600 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $101.52, for a total transaction of $60,912.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $101.26, for a total transaction of $50,630.00. Following the sale, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The disclosure for this sale can be found here. Insiders have sold 34,400 shares of company stock valued at $3,585,084 in the last ninety days. Insiders own 0.20% of the company’s stock.

Several equities analysts have recently weighed in on KLAC shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor in a report on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a report on Thursday, October 19th. Stifel Nicolaus boosted their price target on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. B. Riley reissued a “buy” rating and issued a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $110.26.

Shares of KLA-Tencor Corp (NASDAQ KLAC) opened at $112.45 on Thursday. The company has a market cap of $17,429.05, a price-to-earnings ratio of 16.90 and a beta of 1.63. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a 1-year low of $77.86 and a 1-year high of $114.43.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million during the quarter, compared to analyst estimates of $946.86 million. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. analysts expect that KLA-Tencor Corp will post 7.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, November 14th. KLA-Tencor’s payout ratio is 36.14%.

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

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