KLA-Tencor Corporation (KLAC) Stake Held by Laffer Investments

Laffer Investments maintained its position in KLA-Tencor Corporation (NASDAQ:KLAC) during the first quarter, Holdings Channel reports. The fund owned 22,040 shares of the semiconductor company’s stock at the end of the first quarter. Laffer Investments’ holdings in KLA-Tencor Corporation were worth $2,095,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Comerica Bank raised its position in KLA-Tencor Corporation by 2.9% in the fourth quarter. Comerica Bank now owns 46,204 shares of the semiconductor company’s stock worth $3,763,000 after buying an additional 1,304 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in KLA-Tencor Corporation by 45.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,590 shares of the semiconductor company’s stock worth $361,000 after buying an additional 1,436 shares during the period. FMR LLC raised its position in KLA-Tencor Corporation by 103.2% in the fourth quarter. FMR LLC now owns 1,972,174 shares of the semiconductor company’s stock worth $155,171,000 after buying an additional 1,001,485 shares during the period. Credit Agricole S A raised its position in KLA-Tencor Corporation by 17.4% in the fourth quarter. Credit Agricole S A now owns 45,702 shares of the semiconductor company’s stock worth $3,595,000 after buying an additional 6,775 shares during the period. Finally, Employees Retirement System of Texas raised its position in KLA-Tencor Corporation by 14.3% in the fourth quarter. Employees Retirement System of Texas now owns 16,000 shares of the semiconductor company’s stock worth $1,259,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 91.93% of the company’s stock.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 0.52% during trading on Tuesday, hitting $95.52. The stock had a trading volume of 426,508 shares. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59. The company has a market cap of $14.97 billion, a PE ratio of 15.95 and a beta of 1.61. The firm’s 50 day moving average is $102.14 and its 200 day moving average is $91.78.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its earnings results on Thursday, April 27th. The semiconductor company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.08. The business had revenue of $914 million for the quarter, compared to analysts’ expectations of $895.69 million. KLA-Tencor Corporation had a return on equity of 106.36% and a net margin of 27.20%. The firm’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 earnings per share. Equities research analysts anticipate that KLA-Tencor Corporation will post $5.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, May 11th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.25%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 36.06%.

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A number of equities analysts have commented on KLAC shares. Credit Suisse Group restated an “outperform” rating and set a $100.00 price objective (up previously from $93.00) on shares of KLA-Tencor Corporation in a research note on Saturday, March 11th. Stifel Nicolaus raised their price objective on KLA-Tencor Corporation from $83.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, March 28th. Susquehanna Bancshares Inc restated a “negative” rating on shares of KLA-Tencor Corporation in a research note on Monday, April 17th. B. Riley restated a “buy” rating and set a $115.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Finally, Cowen and Company restated an “outperform” rating and set a $115.00 price objective (up previously from $96.00) on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $93.83.

In other news, SVP Brian Lorig sold 1,663 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $99.81, for a total transaction of $165,984.03. Following the completion of the sale, the senior vice president now directly owns 1,346 shares in the company, valued at $134,344.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 2,500 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $99.09, for a total transaction of $247,725.00. The disclosure for this sale can be found here. Insiders have sold 9,858 shares of company stock worth $986,284 over the last ninety days. Insiders own 0.26% of the company’s stock.

About KLA-Tencor Corporation

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 Corporation (NASDAQ:KLAC).

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

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