Bailard Inc. cut its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 7.3% in the second quarter, HoldingsChannel reports. The firm owned 39,895 shares of the semiconductor company’s stock after selling 3,146 shares during the period. Bailard Inc.’s holdings in KLA-Tencor were worth $4,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Gravity Wealth Inc. bought a new position in shares of KLA-Tencor in the 1st quarter valued at approximately $106,000. Institutional & Family Asset Management LLC bought a new position in shares of KLA-Tencor in the 1st quarter valued at approximately $107,000. Sonora Investment Management LLC raised its stake in shares of KLA-Tencor by 905.7% in the 2nd quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 960 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of KLA-Tencor in the 1st quarter valued at approximately $123,000. Finally, First Mercantile Trust Co. raised its stake in shares of KLA-Tencor by 121.7% in the 1st quarter. First Mercantile Trust Co. now owns 1,299 shares of the semiconductor company’s stock valued at $142,000 after acquiring an additional 713 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

In other news, CFO Bren D. Higgins sold 3,851 shares of KLA-Tencor stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $115.31, for a total transaction of $444,058.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian M. Trafas sold 3,094 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $116.47, for a total value of $360,358.18. Following the sale, the executive vice president now directly owns 3,143 shares in the company, valued at approximately $366,065.21. The disclosure for this sale can be found here. Insiders sold a total of 32,614 shares of company stock worth $3,827,549 in the last ninety days. Insiders own 0.20% of the company’s stock.

A number of brokerages recently weighed in on KLAC. BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 17th. Needham & Company LLC downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Stifel Nicolaus raised their target price on KLA-Tencor from $143.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Deutsche Bank raised their target price on KLA-Tencor from $115.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. Finally, Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Wednesday, June 27th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $132.33.

KLAC opened at $112.40 on Friday. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. The company has a current ratio of 3.73, a quick ratio of 2.97 and a debt-to-equity ratio of 1.38. KLA-Tencor Corp has a 12-month low of $88.44 and a 12-month high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. research analysts expect that KLA-Tencor Corp will post 9.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, August 14th. KLA-Tencor’s dividend payout ratio (DPR) is currently 37.50%.

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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