Twin Capital Management Inc. increased its position in KLA-Tencor Corp (NASDAQ:KLAC) by 47.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,297 shares of the semiconductor company’s stock after buying an additional 1,705 shares during the period. Twin Capital Management Inc.’s holdings in KLA-Tencor were worth $539,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KLAC. Northwestern Mutual Wealth Management Co. increased its stake in KLA-Tencor by 187.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,042 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 679 shares during the last quarter. Sonora Investment Management LLC increased its stake in KLA-Tencor by 905.7% during the second quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 960 shares during the last quarter. Exane Asset Management bought a new stake in KLA-Tencor during the second quarter worth approximately $165,000. Piedmont Investment Advisors LLC bought a new stake in KLA-Tencor during the second quarter worth approximately $181,000. Finally, First Mercantile Trust Co. increased its stake in KLA-Tencor by 41.1% during the second quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock worth $188,000 after acquiring an additional 534 shares during the last quarter. Institutional investors own 92.99% of the company’s stock.

In related news, insider Brian M. Trafas sold 649 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $116.42, for a total value of $75,556.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Bren D. Higgins sold 1,418 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $106.64, for a total value of $151,215.52. Following the completion of the transaction, the chief financial officer now directly owns 1,669 shares in the company, valued at approximately $177,982.16. The disclosure for this sale can be found here. In the last three months, insiders sold 30,516 shares of company stock worth $3,310,114. 0.19% of the stock is owned by insiders.

Several equities research analysts have weighed in on the company. B. Riley reduced their price objective on KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, July 31st. Zacks Investment Research reissued a “sell” rating on shares of KLA-Tencor in a research note on Tuesday, November 13th. KeyCorp reduced their price objective on KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 30th. Deutsche Bank reduced their price objective on KLA-Tencor from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, October 30th. Finally, Stifel Nicolaus upped their target price on KLA-Tencor from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $129.54.

KLAC opened at $96.90 on Monday. The company has a market cap of $14.83 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. KLA-Tencor Corp has a one year low of $84.59 and a one year high of $123.96. The company has a current ratio of 3.45, a quick ratio of 2.69 and a debt-to-equity ratio of 1.43.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. KLA-Tencor had a return on equity of 93.99% and a net margin of 22.05%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. As a group, equities research analysts predict that KLA-Tencor Corp will post 9.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Saturday, November 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.00 annualized dividend and a yield of 3.10%. KLA-Tencor’s dividend payout ratio (DPR) is currently 37.50%.

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About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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