Affinity Wealth Management lifted its holdings in KLA-Tencor Corporation (NASDAQ:KLAC) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,707 shares of the semiconductor company’s stock after purchasing an additional 254 shares during the period. Affinity Wealth Management’s holdings in KLA-Tencor Corporation were worth $248,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Grove Bank & Trust lifted its stake in shares of KLA-Tencor Corporation by 30.2% in the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares during the period. Invictus RG bought a new position in shares of KLA-Tencor Corporation in the 1st quarter worth approximately $202,000. GWM Advisors LLC bought a new position in shares of KLA-Tencor Corporation in the 1st quarter worth approximately $209,000. Checchi Capital Advisers LLC lifted its stake in shares of KLA-Tencor Corporation by 2.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares during the period. Finally, IBM Retirement Fund lifted its stake in shares of KLA-Tencor Corporation by 33.6% in the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 584 shares during the period. Hedge funds and other institutional investors own 89.18% of the company’s stock.

In other news, SVP Virendra A. Kirloskar sold 314 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 611 shares of the company’s stock, valued at approximately $56,053.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brian Lorig sold 2,893 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $95.24, for a total value of $275,529.32. Following the transaction, the senior vice president now directly owns 566 shares of the company’s stock, valued at $53,905.84. The disclosure for this sale can be found here. Insiders sold 83,350 shares of company stock valued at $7,560,869 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

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Shares of KLA-Tencor Corporation (NASDAQ KLAC) traded up 0.86% during midday trading on Thursday, reaching $97.57. 264,405 shares of the company’s stock were exchanged. KLA-Tencor Corporation has a one year low of $68.43 and a one year high of $109.59. The stock has a market cap of $15.30 billion, a P/E ratio of 16.59 and a beta of 1.62. The company’s 50-day moving average is $92.73 and its 200-day moving average is $96.58.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a yield of 2.44%. KLA-Tencor Corporation’s payout ratio is presently 40.14%.

Several equities analysts have recently weighed in on KLAC shares. Stifel Nicolaus upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their price objective 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 reiterated an “outperform” rating on shares of KLA-Tencor Corporation in a research note on Thursday, August 31st. Cowen and Company reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. BidaskClub lowered shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus 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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