KLA-Tencor Corp (KLAC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in KLA-Tencor Corp (NASDAQ:KLAC) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 563,084 shares of the semiconductor company’s stock after selling 7,700 shares during the period. Renaissance Technologies LLC’s holdings in KLA-Tencor were worth $59,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in KLA-Tencor by 8.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,459 shares of the semiconductor company’s stock valued at $685,000 after buying an additional 493 shares during the period. New Mexico Educational Retirement Board raised its holdings in KLA-Tencor by 3.4% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,080 shares of the semiconductor company’s stock valued at $1,584,000 after buying an additional 500 shares during the period. Vestor Capital LLC raised its holdings in KLA-Tencor by 2.4% in the 3rd quarter. Vestor Capital LLC now owns 23,123 shares of the semiconductor company’s stock valued at $2,451,000 after buying an additional 550 shares during the period. Hartford Investment Management Co. raised its holdings in KLA-Tencor by 1.7% in the 3rd quarter. Hartford Investment Management Co. now owns 34,655 shares of the semiconductor company’s stock valued at $3,673,000 after buying an additional 587 shares during the period. Finally, Creative Planning raised its holdings in KLA-Tencor by 14.2% in the 4th quarter. Creative Planning now owns 5,309 shares of the semiconductor company’s stock valued at $558,000 after buying an additional 659 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.

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Shares of KLA-Tencor Corp (NASDAQ KLAC) opened at $120.48 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. KLA-Tencor Corp has a one year low of $87.93 and a one year high of $123.96. The firm has a market cap of $19,168.73, a P/E ratio of 17.41 and a beta of 1.43.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend 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 is presently 56.87%.

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

In related news, CFO Bren D. Higgins sold 854 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $112.92, for a total transaction of $96,433.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard P. Wallace sold 13,299 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the sale, the insider now owns 43,442 shares in the company, valued at $4,782,964.20. The disclosure for this sale can be found here. Insiders have sold 23,445 shares of company stock worth $2,579,450 over the last 90 days. Insiders own 0.20% of the company’s stock.

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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.

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).

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

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