New York State Common Retirement Fund lessened its holdings in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 353,500 shares of the semiconductor company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.23% of KLA-Tencor Corporation worth $32,349,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Alps Advisors Inc. increased its holdings in KLA-Tencor Corporation 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 during the period. Contravisory Investment Management Inc. increased its holdings in KLA-Tencor Corporation by 0.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after purchasing an additional 18 shares during the period. Palo Capital Inc. increased its holdings in KLA-Tencor Corporation by 0.5% during the 2nd quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock valued at $739,000 after purchasing an additional 37 shares during the period. Checchi Capital Advisers LLC increased its holdings in KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares during the period. Finally, Cleararc Capital Inc. increased its holdings in KLA-Tencor Corporation by 1.5% during the 1st quarter. Cleararc Capital Inc. now owns 3,845 shares of the semiconductor company’s stock valued at $366,000 after purchasing an additional 58 shares during the period. Institutional investors own 89.16% of the company’s stock.

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Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 100.59 on Monday. The company has a 50 day moving average price of $92.98 and a 200 day moving average price of $96.89. The stock has a market cap of $15.78 billion, a P/E ratio of 17.11 and a beta of 1.62. KLA-Tencor Corporation has a 1-year low of $68.43 and a 1-year high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is currently 40.14%.

In related news, SVP Virendra A. Kirloskar sold 436 shares of KLA-Tencor Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.99, for a total transaction of $40,107.64. Following the transaction, the senior vice president now directly owns 297 shares of the company’s stock, valued at $27,321.03. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total transaction of $28,806.36. Following the transaction, the senior vice president now directly owns 611 shares in the company, valued at $56,053.14. The disclosure for this sale can be found here. Insiders have sold 83,350 shares of company stock valued at $7,560,869 in the last ninety days. Insiders own 0.20% of the company’s stock.

A number of brokerages recently issued reports on KLAC. Goldman Sachs Group, Inc. (The) downgraded KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $108.00 to $97.00 in a report on Wednesday, September 13th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Finally, BidaskClub downgraded KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. KLA-Tencor Corporation currently has a consensus rating of “Hold” and a consensus target price of $99.40.

KLA-Tencor Corporation 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 Corporation (NASDAQ:KLAC)

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