Sei Investments Co. lowered its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,495 shares of the semiconductor company’s stock after selling 12,268 shares during the period. Sei Investments Co. owned approximately 0.12% of KLA-Tencor Corporation worth $20,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans increased its holdings in KLA-Tencor Corporation by 7.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 420 shares during the period. Bank of Montreal Can increased its holdings in KLA-Tencor Corporation by 1.7% during the 2nd quarter. Bank of Montreal Can now owns 238,660 shares of the semiconductor company’s stock valued at $21,840,000 after purchasing an additional 4,045 shares during the period. Creative Planning increased its holdings in KLA-Tencor Corporation by 4.0% during the 2nd quarter. Creative Planning now owns 4,556 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 176 shares during the period. National Pension Service increased its holdings in KLA-Tencor Corporation by 9.8% during the 2nd quarter. National Pension Service now owns 156,611 shares of the semiconductor company’s stock valued at $14,488,000 after purchasing an additional 13,919 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in KLA-Tencor Corporation by 24.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,920 shares of the semiconductor company’s stock valued at $725,000 after purchasing an additional 1,579 shares during the period. Hedge funds and other institutional investors own 89.87% of the company’s stock.

A number of brokerages recently issued reports on KLAC. Citigroup Inc. boosted their price target on KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. B. Riley restated a “buy” rating and set a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor Corporation in a report on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 price target on shares of KLA-Tencor Corporation in a report on Friday, October 27th. Stifel Nicolaus boosted their price target on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $107.51.

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Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at $101.93 on Tuesday. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $16,053.16, a P/E ratio of 15.57 and a beta of 1.68. KLA-Tencor Corporation has a 12-month low of $74.66 and a 12-month high of $110.00.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. During the same period in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. equities research analysts anticipate that KLA-Tencor Corporation will post 7.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.59 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. KLA-Tencor Corporation’s dividend payout ratio is currently 36.14%.

In other news, insider Bobby R. Bell sold 3,526 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $89.93, for a total value of $317,093.18. Following the sale, the insider now directly owns 9,633 shares of the company’s stock, valued at approximately $866,295.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Virendra A. Kirloskar sold 600 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $60,912.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,786 shares of company stock worth $2,654,063. Insiders own 0.20% of the company’s stock.

KLA-Tencor Corporation 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 Corporation (NASDAQ:KLAC)

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