Parallel Advisors LLC raised its position in KLA-Tencor Corp (NASDAQ:KLAC) by 152.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 333 shares of the semiconductor company’s stock after purchasing an additional 201 shares during the quarter. Parallel Advisors LLC’s holdings in KLA-Tencor were worth $40,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its position in KLA-Tencor by 4.1% during the first quarter. Bridges Investment Management Inc. now owns 5,689 shares of the semiconductor company’s stock worth $680,000 after buying an additional 222 shares during the last quarter. Janus Henderson Group PLC increased its position in KLA-Tencor by 1.8% during the first quarter. Janus Henderson Group PLC now owns 2,972,980 shares of the semiconductor company’s stock worth $355,004,000 after buying an additional 53,954 shares during the last quarter. Renaissance Group LLC increased its position in KLA-Tencor by 12.5% during the first quarter. Renaissance Group LLC now owns 249,444 shares of the semiconductor company’s stock worth $29,786,000 after buying an additional 27,785 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in KLA-Tencor during the first quarter worth approximately $155,000. Finally, Cullen Frost Bankers Inc. acquired a new position in KLA-Tencor during the first quarter worth approximately $140,000. 92.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:KLAC opened at $109.57 on Thursday. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $129.03. The company has a market cap of $17.59 billion, a PE ratio of 13.70, a PEG ratio of 1.17 and a beta of 1.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.61 and a quick ratio of 1.84.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted $2.02 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that KLA-Tencor Corp will post 8.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, May 14th. KLA-Tencor’s dividend payout ratio is presently 37.50%.

A number of equities analysts have weighed in on KLAC shares. Stifel Nicolaus boosted their price target on KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. started coverage on KLA-Tencor in a research report on Thursday, March 7th. They set an “overweight” rating and a $160.00 price target on the stock. BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, April 2nd. Finally, Cowen reissued an “outperform” rating and set a $140.00 price target (up previously from $130.00) on shares of KLA-Tencor in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. KLA-Tencor has an average rating of “Buy” and a consensus price target of $133.36.

In other news, EVP Teri A. Little sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total transaction of $165,570.00. Following the completion of the sale, the executive vice president now owns 5,517 shares in the company, valued at $608,966.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Emiko Higashi sold 2,141 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total value of $251,417.63. Following the sale, the director now owns 8,780 shares of the company’s stock, valued at approximately $1,031,035.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,943 shares of company stock valued at $1,033,979. Corporate insiders own 0.19% of the company’s stock.

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KLA-Tencor Company Profile

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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