Strs Ohio Acquires 708 Shares of KLA-Tencor Corporation (KLAC)

Strs Ohio raised its holdings in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,756 shares of the semiconductor company’s stock after purchasing an additional 708 shares during the period. Strs Ohio’s holdings in KLA-Tencor Corporation were worth $1,140,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Alps Advisors Inc. boosted its holdings in 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 purchasing an additional 14 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in 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 purchasing an additional 18 shares during the last quarter. Navellier & Associates Inc boosted its holdings in KLA-Tencor Corporation by 1.2% in the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 30 shares during the last quarter. Palo Capital Inc. boosted its holdings in 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 purchasing an additional 37 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in 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 purchasing an additional 44 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on KLAC. Stifel Nicolaus raised shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $103.00 to $106.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Thursday, October 19th. Cowen and Company restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Finally, 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 research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor Corporation has a consensus rating of “Hold” and a consensus price target of $107.51.

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In related news, SVP Virendra A. Kirloskar sold 436 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.99, for a total transaction of $40,107.64. Following the sale, the senior vice president now owns 297 shares of the company’s stock, valued at $27,321.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Virendra A. Kirloskar sold 6,307 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.15, for a total transaction of $562,269.05. Following the sale, the senior vice president now directly owns 2,022 shares in the company, valued at approximately $180,261.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,350 shares of company stock worth $7,832,472. Insiders own 0.20% of the company’s stock.

KLA-Tencor Corporation (KLAC) opened at $106.30 on Friday. The company has a market cap of $16.67 billion, a P/E ratio of 16.17 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, November 14th. KLA-Tencor Corporation’s payout ratio is 36.14%.

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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