Quantbot Technologies LP Invests $9.51 Million in KLA-Tencor Corporation (KLAC)

Quantbot Technologies LP bought a new stake in KLA-Tencor Corporation (NASDAQ:KLAC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 103,935 shares of the semiconductor company’s stock, valued at approximately $9,511,000. KLA-Tencor Corporation comprises approximately 0.9% of Quantbot Technologies LP’s portfolio, making the stock its 13th largest position. Quantbot Technologies LP owned about 0.07% of KLA-Tencor Corporation as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in shares of KLA-Tencor Corporation by 0.6% in the 2nd quarter. M&T Bank Corp now owns 17,633 shares of the semiconductor company’s stock valued at $1,613,000 after acquiring an additional 110 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of KLA-Tencor Corporation by 1.3% in the 2nd quarter. California Public Employees Retirement System now owns 411,138 shares of the semiconductor company’s stock valued at $37,623,000 after acquiring an additional 5,400 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in shares of KLA-Tencor Corporation in the 2nd quarter valued at about $2,288,000. TIAA FSB bought a new stake in shares of KLA-Tencor Corporation in the 2nd quarter valued at about $1,886,000. Finally, Vanguard Group Inc. lifted its stake in shares of KLA-Tencor Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after acquiring an additional 402,970 shares during the last quarter. 89.16% of the stock is owned by institutional investors.

KLA-Tencor Corporation (KLAC) remained flat at $99.66 on Thursday. 319,155 shares of the company were exchanged. The firm’s 50 day moving average is $92.98 and its 200-day moving average is $96.89. The company has a market cap of $15.63 billion, a P/E ratio of 16.95 and a beta of 1.62. KLA-Tencor Corporation has a 12-month low of $68.43 and a 12-month high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. On average, equities research analysts expect that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is currently 40.14%.

In other news, SVP Virendra A. Kirloskar sold 436 shares of KLA-Tencor Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.99, for a total transaction of $40,107.64. Following the completion of the sale, the senior vice president now owns 297 shares of the company’s stock, valued at $27,321.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total transaction of $28,806.36. Following the sale, the senior vice president now directly owns 611 shares of the company’s stock, valued at approximately $56,053.14. The disclosure for this sale can be found here. Insiders have sold 83,350 shares of company stock valued at $7,560,869 in the last ninety days. Insiders own 0.26% of the company’s stock.

A number of equities research analysts have recently weighed in on KLAC shares. Cowen and Company boosted their target price on KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. UBS AG reissued a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus reissued a “hold” rating and issued a $102.00 target price (up previously from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc reissued a “reduce” rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $99.40.

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KLA-Tencor Corporation Profile

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.

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

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