Stifel Financial Corp Grows Position in KLA-Tencor Corp (KLAC)

Stifel Financial Corp boosted its position in KLA-Tencor Corp (NASDAQ:KLAC) by 12.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,480 shares of the semiconductor company’s stock after purchasing an additional 8,201 shares during the quarter. Stifel Financial Corp’s holdings in KLA-Tencor were worth $8,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KLAC. Russell Investments Group Ltd. raised its holdings in KLA-Tencor by 181.6% in the second quarter. Russell Investments Group Ltd. now owns 95,148 shares of the semiconductor company’s stock worth $8,709,000 after purchasing an additional 61,363 shares in the last quarter. NGAM Advisors L.P. increased its holdings in shares of KLA-Tencor by 12.1% during the second quarter. NGAM Advisors L.P. now owns 17,815 shares of the semiconductor company’s stock valued at $1,630,000 after acquiring an additional 1,928 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of KLA-Tencor by 0.3% during the second quarter. Retirement Systems of Alabama now owns 76,007 shares of the semiconductor company’s stock valued at $6,955,000 after acquiring an additional 247 shares in the last quarter. HL Financial Services LLC increased its holdings in shares of KLA-Tencor by 61.3% during the second quarter. HL Financial Services LLC now owns 3,552 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Global X Management Co. LLC increased its holdings in shares of KLA-Tencor by 6.8% during the second quarter. Global X Management Co. LLC now owns 2,761 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

In related news, CFO Bren D. Higgins sold 3,599 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $365,370.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bobby R. Bell sold 4,236 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total transaction of $446,940.36. Following the completion of the transaction, the insider now owns 8,908 shares in the company, valued at approximately $939,883.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,400 shares of company stock worth $3,585,084. 0.20% of the stock is owned by corporate insiders.

KLA-Tencor Corp (NASDAQ:KLAC) opened at $103.06 on Wednesday. KLA-Tencor Corp has a fifty-two week low of $77.34 and a fifty-two week high of $110.00. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The firm has a market cap of $16,274.12, a P/E ratio of 15.78, a P/E/G ratio of 0.67 and a beta of 1.63.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. During the same quarter in the prior year, the company earned $1.16 EPS. KLA-Tencor’s quarterly revenue was up 29.2% on a year-over-year basis. analysts expect that KLA-Tencor Corp will post 7.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.29%. KLA-Tencor’s dividend payout ratio (DPR) is presently 36.14%.

KLAC has been the topic of several recent analyst reports. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor in a report on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor in a report on Friday, September 1st. Goldman Sachs Group downgraded shares of KLA-Tencor from a “buy” rating to a “neutral” rating and cut their price objective for the company from $108.00 to $97.00 in a report on Wednesday, September 13th. KeyCorp restated a “hold” rating on shares of KLA-Tencor in a report on Sunday, October 15th. Finally, Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a report on Monday, October 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.68.

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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.

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

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