Pinnacle Associates Ltd. boosted its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 13.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,029 shares of the semiconductor company’s stock after buying an additional 1,096 shares during the period. Pinnacle Associates Ltd.’s holdings in KLA-Tencor were worth $926,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. raised its position in KLA-Tencor by 4.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 142,157 shares of the semiconductor company’s stock worth $15,497,000 after buying an additional 6,364 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in KLA-Tencor by 151.1% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 18,861 shares of the semiconductor company’s stock worth $2,001,000 after buying an additional 11,350 shares during the last quarter. West Branch Capital LLC purchased a new position in KLA-Tencor during the 1st quarter worth approximately $1,446,000. ARP Americas LP purchased a new position in KLA-Tencor during the 1st quarter worth approximately $491,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in KLA-Tencor by 129.4% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 13,574 shares of the semiconductor company’s stock worth $1,480,000 after buying an additional 7,658 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KLAC stock traded up $0.31 on Friday, hitting $104.47. 1,370,967 shares of the stock traded hands, compared to its average volume of 1,473,891. The company has a current ratio of 3.73, a quick ratio of 2.97 and a debt-to-equity ratio of 1.38. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.13 and a beta of 1.57. KLA-Tencor Corp has a twelve month low of $96.12 and a twelve month high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. KLA-Tencor’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. equities research analysts predict that KLA-Tencor Corp will post 9.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Wednesday, August 15th were issued a $0.75 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $3.00 annualized dividend and a yield of 2.87%. KLA-Tencor’s dividend payout ratio (DPR) is currently 37.50%.

Several equities analysts have recently weighed in on KLAC shares. Zacks Investment Research lowered shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Deutsche Bank lifted their target price on shares of KLA-Tencor from $115.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. BidaskClub lowered shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Needham & Company LLC cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, Citigroup dropped their price target on shares of KLA-Tencor from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Friday, July 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $136.28.

In other KLA-Tencor news, insider Richard P. Wallace sold 14,207 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $118.49, for a total transaction of $1,683,387.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian M. Trafas sold 649 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $116.42, for a total transaction of $75,556.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,115 shares of company stock worth $6,100,246. 0.20% of the stock is owned by insiders.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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