KLA-Tencor Corp (NASDAQ:KLAC) Shares Sold by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. lessened its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 28.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,107 shares of the semiconductor company’s stock after selling 9,828 shares during the period. Keating Investment Counselors Inc.’s holdings in KLA-Tencor were worth $2,968,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH increased its stake in shares of KLA-Tencor by 4.0% in the second quarter. Keybank National Association OH now owns 2,871 shares of the semiconductor company’s stock worth $339,000 after acquiring an additional 111 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of KLA-Tencor by 2.8% in the first quarter. LS Investment Advisors LLC now owns 4,489 shares of the semiconductor company’s stock worth $536,000 after acquiring an additional 121 shares during the last quarter. Cleararc Capital Inc. increased its stake in shares of KLA-Tencor by 4.7% in the first quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock worth $328,000 after acquiring an additional 124 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its stake in shares of KLA-Tencor by 3.3% in the first quarter. Meiji Yasuda Life Insurance Co now owns 4,044 shares of the semiconductor company’s stock worth $483,000 after acquiring an additional 129 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of KLA-Tencor by 35.4% in the second quarter. Cornerstone Advisors Inc. now owns 513 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 134 shares during the last quarter. 88.88% of the stock is currently owned by institutional investors.

KLA-Tencor stock traded down $2.47 during mid-day trading on Wednesday, hitting $131.73. 269,753 shares of the company’s stock were exchanged, compared to its average volume of 1,581,169. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.73 and a current ratio of 2.44. The firm has a market capitalization of $21.38 billion, a PE ratio of 15.57, a P/E/G ratio of 1.09 and a beta of 1.73. KLA-Tencor Corp has a 1-year low of $80.65 and a 1-year high of $143.95. The business has a 50 day moving average price of $128.52.

KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.07. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 earnings per share. Analysts expect that KLA-Tencor Corp will post 9.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 14th. KLA-Tencor’s payout ratio is 35.46%.

In related news, insider Brian M. Trafas sold 274 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $121.36, for a total value of $33,252.64. Following the completion of the sale, the insider now owns 274 shares in the company, valued at $33,252.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin Kennedy sold 2,500 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $136.32, for a total transaction of $340,800.00. Following the completion of the sale, the director now owns 2,072 shares of the company’s stock, valued at approximately $282,455.04. The disclosure for this sale can be found here. Insiders have sold 22,533 shares of company stock worth $2,978,227 over the last three months. Company insiders own 0.19% of the company’s stock.

A number of equities analysts have recently weighed in on KLAC shares. ValuEngine downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upped their price target on shares of KLA-Tencor from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Credit Suisse Group upped their price target on shares of KLA-Tencor from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank upped their price target on shares of KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $142.21.

KLA-Tencor Profile

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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