Great West Life Assurance Co. Can lowered its stake in KLA-Tencor Corporation (NASDAQ:KLAC) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 114,865 shares of the semiconductor company’s stock after selling 12,029 shares during the period. Great West Life Assurance Co. Can’s holdings in KLA-Tencor Corporation were worth $10,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KLAC. Alpha Cubed Investments LLC boosted its position in KLA-Tencor Corporation by 60.6% in the second quarter. Alpha Cubed Investments LLC now owns 11,686 shares of the semiconductor company’s stock valued at $1,069,000 after buying an additional 4,411 shares in the last quarter. IBM Retirement Fund boosted its position in KLA-Tencor Corporation by 33.6% in the second quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 584 shares in the last quarter. NGAM Advisors L.P. boosted its position in KLA-Tencor Corporation by 12.1% in the second quarter. NGAM Advisors L.P. now owns 17,815 shares of the semiconductor company’s stock valued at $1,630,000 after buying an additional 1,928 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in KLA-Tencor Corporation during the second quarter valued at about $362,000. Finally, Acadian Asset Management LLC boosted its position in KLA-Tencor Corporation by 18.9% in the second quarter. Acadian Asset Management LLC now owns 40,929 shares of the semiconductor company’s stock valued at $3,744,000 after buying an additional 6,496 shares in the last quarter. 91.96% of the stock is owned by institutional investors and hedge funds.

Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 91.48 on Thursday. The firm’s 50-day moving average price is $95.55 and its 200 day moving average price is $95.61. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59. The stock has a market capitalization of $14.33 billion, a P/E ratio of 15.56 and a beta of 1.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, August 11th. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is 36.73%.

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Several research firms have recently issued reports on KLAC. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $103.00 to $106.00 in a research report on Sunday. They noted that the move was a valuation call. BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. B. Riley reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Zacks Investment Research downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the company a “buy” rating in a report on Saturday, July 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. KLA-Tencor Corporation currently has a consensus rating of “Hold” and a consensus price target of $98.86.

In other news, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total transaction of $28,806.36. Following the sale, the senior vice president now owns 611 shares of the company’s stock, valued at $56,053.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bren D. Higgins sold 9,567 shares of KLA-Tencor Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $852,898.05. Following the sale, the chief financial officer now directly owns 5,175 shares in the company, valued at approximately $461,351.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,241 shares of company stock worth $3,216,646. Corporate insiders own 0.26% of the company’s stock.

About KLA-Tencor Corporation

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.

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

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