Westpac Banking Corp raised its position in KLA-Tencor Corp (NASDAQ:KLAC) by 74.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,507 shares of the semiconductor company’s stock after purchasing an additional 67,666 shares during the period. Westpac Banking Corp’s holdings in KLA-Tencor were worth $18,927,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc boosted its stake in shares of KLA-Tencor by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after purchasing an additional 103,504 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of KLA-Tencor by 2.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 197,244 shares of the semiconductor company’s stock valued at $17,651,000 after purchasing an additional 4,563 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of KLA-Tencor by 44.8% in the 4th quarter. First Mercantile Trust Co. now owns 1,390 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 430 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of KLA-Tencor by 17.9% in the 4th quarter. ETF Managers Group LLC now owns 1,217 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 185 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of KLA-Tencor by 41.8% in the 4th quarter. BB&T Securities LLC now owns 5,734 shares of the semiconductor company’s stock valued at $513,000 after purchasing an additional 1,691 shares in the last quarter. 88.93% of the stock is owned by hedge funds and other institutional investors.

KLAC has been the topic of a number of research analyst reports. BidaskClub upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Deutsche Bank raised their price target on shares of KLA-Tencor from $105.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, February 25th. Stifel Nicolaus raised their price target on shares of KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Cowen reiterated an “outperform” rating and issued a $140.00 price objective (up previously from $130.00) on shares of KLA-Tencor in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of KLA-Tencor in a research note on Thursday, March 7th. They issued an “overweight” rating and a $160.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $133.36.

Shares of NASDAQ:KLAC traded down $3.98 during mid-day trading on Wednesday, hitting $110.25. The company had a trading volume of 79,679 shares, compared to its average volume of 1,611,582. The firm has a market capitalization of $17.68 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.18 and a beta of 1.70. 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 one year low of $80.65 and a one year high of $129.03.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.72%. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.

In other KLA-Tencor news, EVP Teri A. Little sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were 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 owns 5,517 shares in the company, valued at approximately $608,966.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ahmad A. Khan sold 3,633 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total transaction of $422,336.25. Following the sale, the executive vice president now owns 549 shares of the company’s stock, valued at approximately $63,821.25. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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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.

See Also: What are Institutional Investors?

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

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