Westpac Banking Corp reduced its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 8.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 60,877 shares of the semiconductor company’s stock after selling 5,537 shares during the period. Westpac Banking Corp’s holdings in KLA-Tencor were worth $6,242,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Deprince Race & Zollo Inc. grew its holdings in shares of KLA-Tencor by 5.1% during the second quarter. Deprince Race & Zollo Inc. now owns 165,170 shares of the semiconductor company’s stock worth $16,935,000 after buying an additional 7,986 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of KLA-Tencor by 51.6% during the second quarter. Miller Howard Investments Inc. NY now owns 828,918 shares of the semiconductor company’s stock worth $84,989,000 after buying an additional 282,042 shares in the last quarter. MHI Funds LLC grew its holdings in shares of KLA-Tencor by 52.5% during the second quarter. MHI Funds LLC now owns 32,495 shares of the semiconductor company’s stock worth $3,332,000 after buying an additional 11,190 shares in the last quarter. Hills Bank & Trust Co. purchased a new stake in shares of KLA-Tencor during the second quarter worth about $287,000. Finally, Bank of Montreal Can grew its holdings in shares of KLA-Tencor by 9.5% during the second quarter. Bank of Montreal Can now owns 396,461 shares of the semiconductor company’s stock worth $40,649,000 after buying an additional 34,414 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Shares of KLA-Tencor opened at $106.92 on Friday, Marketbeat.com reports. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.74 and a beta of 1.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.07 and a current ratio of 3.78. KLA-Tencor Corp has a fifty-two week low of $87.93 and a fifty-two week high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Thursday, April 26th. The semiconductor company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. KLA-Tencor had a net margin of 18.17% and a return on equity of 86.87%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts anticipate that KLA-Tencor Corp will post 7.93 earnings per share for the current fiscal year.

A number of brokerages have recently commented on KLAC. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Wednesday, June 27th. Citigroup lowered their price target on shares of KLA-Tencor from $127.00 to $123.00 and set a “buy” rating for the company in a report on Friday, July 13th. BidaskClub downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Evercore ISI lowered their price target on shares of KLA-Tencor to $120.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Finally, Needham & Company LLC downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.87.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.

Featured Article: Price to Earnings Ratio (PE)

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).

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

Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.