Tredje AP fonden Acquires 14,090 Shares of KLA-Tencor Corporation (NASDAQ:KLAC)

Tredje AP fonden grew its position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 111.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,710 shares of the semiconductor company’s stock after purchasing an additional 14,090 shares during the period. Tredje AP fonden’s holdings in KLA-Tencor Corporation were worth $2,444,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KLAC. Alps Advisors Inc. raised its stake in shares of KLA-Tencor Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 14 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of KLA-Tencor Corporation by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after acquiring an additional 18 shares in the last quarter. Palo Capital Inc. raised its stake in shares of KLA-Tencor Corporation by 0.5% in the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock valued at $739,000 after acquiring an additional 37 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 44 shares in the last quarter. Finally, Cleararc Capital Inc. raised its stake in shares of KLA-Tencor Corporation by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the semiconductor company’s stock valued at $366,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 89.18% of the company’s stock.

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Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up 1.21% during trading on Friday, hitting $98.64. The company’s stock had a trading volume of 2,448,940 shares. The firm’s 50 day moving average price is $92.53 and its 200-day moving average price is $96.65. The company has a market cap of $15.47 billion, a PE ratio of 16.78 and a beta of 1.62. KLA-Tencor Corporation has a 52 week low of $68.43 and a 52 week high of $109.59.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, August 11th. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio is 40.14%.

In other news, SVP Virendra A. Kirloskar sold 314 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total value of $28,806.36. Following the sale, the senior vice president now owns 611 shares in the company, valued at approximately $56,053.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $91.33, for a total transaction of $228,325.00. Following the completion of the sale, the director now owns 6,219 shares in the company, valued at approximately $567,981.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,350 shares of company stock worth $7,560,869. Company insiders own 0.26% of the company’s stock.

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

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

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