Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,543 shares of the semiconductor company’s stock after selling 8,008 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KLA-Tencor were worth $3,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in KLA-Tencor by 27.7% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,752 shares of the semiconductor company’s stock worth $822,000 after purchasing an additional 1,680 shares during the last quarter. Pacer Advisors Inc. boosted its stake in KLA-Tencor by 45.6% in the third quarter. Pacer Advisors Inc. now owns 6,922 shares of the semiconductor company’s stock valued at $734,000 after acquiring an additional 2,167 shares during the last quarter. Edge Advisors LLC boosted its stake in KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 872 shares during the last quarter. Cipher Capital LP bought a new stake in shares of KLA-Tencor in the third quarter valued at approximately $451,000. Finally, Macquarie Group Ltd. raised its position in shares of KLA-Tencor by 1,925.0% in the third quarter. Macquarie Group Ltd. now owns 8,100 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 7,700 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

KLA-Tencor Corp (NASDAQ KLAC) opened at $107.16 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. KLA-Tencor Corp has a 1-year low of $74.66 and a 1-year high of $110.00. The company has a market cap of $16,460.60, a price-to-earnings ratio of 15.96 and a beta of 1.68.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $946.86 million. During the same period in the prior year, the business earned $1.16 EPS. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. sell-side analysts predict that KLA-Tencor Corp will post 7.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.20%. KLA-Tencor’s payout ratio is 36.14%.

In other news, SVP Virendra A. Kirloskar sold 1,020 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total transaction of $95,604.60. Following the sale, the senior vice president now owns 297 shares of the company’s stock, valued at approximately $27,837.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ahmad A. Khan sold 3,652 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $102.20, for a total transaction of $373,234.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,427 shares of company stock valued at $4,338,059. 0.20% of the stock is owned by company insiders.

Several analysts have recently issued reports on KLAC shares. B. Riley reissued a “buy” rating and issued a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. J P Morgan Chase & Co reissued a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a research report on Friday, October 27th. Stifel Nicolaus upped their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a report on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $107.51.

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KLA-Tencor 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.

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

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