Teachers Insurance & Annuity Association of America purchased a new stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,890 shares of the semiconductor company’s stock, valued at approximately $618,000.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. raised its holdings in KLA-Tencor by 96.1% during the fourth quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock valued at $203,000 after acquiring an additional 951 shares during the period. Edge Advisors LLC raised its holdings in KLA-Tencor by 77.8% during 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 period. Highbridge Capital Management LLC bought a new stake in KLA-Tencor during the third quarter valued at about $212,000. Cetera Advisor Networks LLC bought a new stake in KLA-Tencor during the third quarter valued at about $223,000. Finally, Underhill Investment Management LLC bought a new stake in KLA-Tencor during the fourth quarter valued at about $257,000. 91.26% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price target on KLA-Tencor from $121.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. B. Riley reissued a “buy” rating and set a $142.00 price target (up from $129.00) on shares of KLA-Tencor in a report on Monday, January 22nd. KeyCorp lifted their target price on KLA-Tencor from $134.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Needham & Company LLC lifted their target price on KLA-Tencor from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. KLA-Tencor currently has an average rating of “Buy” and a consensus target price of $120.57.

In related news, CFO Bren D. Higgins sold 854 shares of KLA-Tencor stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $112.92, for a total value of $96,433.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ahmad A. Khan sold 2,975 shares of KLA-Tencor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $99.71, for a total value of $296,637.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,445 shares of company stock valued at $2,579,450. 0.20% of the stock is currently owned by company insiders.

Shares of KLA-Tencor Corp (KLAC) opened at $120.48 on Wednesday. KLA-Tencor Corp has a twelve month low of $87.93 and a twelve month high of $123.96. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. The stock has a market capitalization of $19,168.73, a PE ratio of 17.41 and a beta of 1.43.

KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The firm had revenue of $975.82 million for the quarter, compared to analysts’ expectations of $968.00 million. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. research analysts anticipate that KLA-Tencor Corp will post 7.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.49%. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio (DPR) is currently 56.87%.

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About KLA-Tencor

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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