Pinebridge Investments L.P. lifted its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 40.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,491 shares of the semiconductor company’s stock after purchasing an additional 2,154 shares during the quarter. Pinebridge Investments L.P.’s holdings in KLA-Tencor were worth $794,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in KLA-Tencor by 2.4% during the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock worth $1,544,879,000 after buying an additional 402,970 shares during the last quarter. Janus Henderson Group PLC increased its holdings in KLA-Tencor by 24,123.6% during the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after buying an additional 4,290,618 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in KLA-Tencor by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock worth $259,075,000 after buying an additional 770,480 shares during the last quarter. Northern Trust Corp increased its holdings in KLA-Tencor by 0.3% during the second quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock worth $181,960,000 after buying an additional 6,922 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in KLA-Tencor by 375.7% during the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock worth $118,799,000 after buying an additional 885,147 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

KLA-Tencor Corp (NASDAQ:KLAC) opened at $103.98 on Friday. KLA-Tencor Corp has a fifty-two week low of $76.56 and a fifty-two week high of $110.00. The company has a market cap of $16,310.00, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 0.67 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.27%. KLA-Tencor’s dividend payout ratio is currently 36.20%.

In other KLA-Tencor 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 value of $60,912.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bobby R. Bell sold 4,236 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $105.51, for a total transaction of $446,940.36. Following the completion of the transaction, the insider now owns 8,908 shares in the company, valued at $939,883.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,400 shares of company stock worth $3,585,084. Corporate insiders own 0.20% of the company’s stock.

A number of brokerages recently weighed in on KLAC. B. Riley restated a “buy” rating and set a $129.00 target price (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a report on Friday, October 27th. Citigroup boosted their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a report on Thursday, October 19th. Finally, Stifel Nicolaus boosted their target price 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $108.68.

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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.

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

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