Russell Investments Group Ltd. lowered its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 81.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,420 shares of the semiconductor company’s stock after selling 113,672 shares during the quarter. Russell Investments Group Ltd.’s holdings in KLA-Tencor were worth $2,601,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in KLA-Tencor by 87.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,723 shares of the semiconductor company’s stock worth $2,913,000 after purchasing an additional 12,437 shares in the last quarter. KBC Group NV increased its stake in KLA-Tencor by 13.6% in the 1st quarter. KBC Group NV now owns 16,691 shares of the semiconductor company’s stock worth $1,820,000 after purchasing an additional 2,003 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in KLA-Tencor in the 1st quarter worth about $755,000. Toronto Dominion Bank increased its stake in KLA-Tencor by 5.2% in the 1st quarter. Toronto Dominion Bank now owns 160,432 shares of the semiconductor company’s stock worth $17,486,000 after purchasing an additional 7,921 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in KLA-Tencor by 2.3% in the 1st quarter. Franklin Resources Inc. now owns 765,548 shares of the semiconductor company’s stock worth $83,453,000 after purchasing an additional 17,418 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

A number of equities research analysts have commented on KLAC shares. Zacks Investment Research lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Evercore ISI upgraded KLA-Tencor from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research report on Tuesday, September 4th. Stifel Nicolaus raised their price objective on KLA-Tencor from $143.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Citigroup decreased their price objective on KLA-Tencor from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Friday, July 13th. Finally, Deutsche Bank raised their price objective on KLA-Tencor from $115.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. KLA-Tencor presently has an average rating of “Buy” and a consensus price target of $136.28.

Shares of NASDAQ KLAC opened at $104.52 on Friday. KLA-Tencor Corp has a one year low of $96.12 and a one year high of $123.96. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.57. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.73 and a quick ratio of 2.97.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS. equities analysts expect that KLA-Tencor Corp will post 9.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.87%. KLA-Tencor’s dividend payout ratio is 37.50%.

In other news, CFO Bren D. Higgins sold 2,609 shares of KLA-Tencor stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $116.55, for a total transaction of $304,078.95. Following the completion of the sale, the chief financial officer now directly owns 13,089 shares in the company, valued at approximately $1,525,522.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bren D. Higgins sold 3,851 shares of KLA-Tencor stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $115.31, for a total value of $444,058.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,115 shares of company stock valued at $6,100,246. 0.20% of the stock is owned by corporate insiders.

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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