Alps Advisors Inc. lowered its position in KLA-Tencor Corp. (NASDAQ:KLAC) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 5,709 shares of the company’s stock after selling 416 shares during the period. Alps Advisors Inc.’s holdings in KLA-Tencor Corp. were worth $418,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of KLAC. Aperio Group LLC boosted its position in KLA-Tencor Corp. by 8.8% in the first quarter. Aperio Group LLC now owns 57,700 shares of the company’s stock worth $4,201,000 after buying an additional 4,685 shares during the last quarter. Teachers Advisors Inc. raised its stake in KLA-Tencor Corp. by 24.6% in the first quarter. Teachers Advisors Inc. now owns 180,023 shares of the company’s stock worth $13,107,000 after buying an additional 35,574 shares during the period. M&T Bank Corp raised its stake in KLA-Tencor Corp. by 9.8% in the first quarter. M&T Bank Corp now owns 10,495 shares of the company’s stock worth $764,000 after buying an additional 940 shares during the period. Aviva PLC raised its stake in KLA-Tencor Corp. by 1.2% in the first quarter. Aviva PLC now owns 78,674 shares of the company’s stock worth $5,728,000 after buying an additional 969 shares during the period. Finally, Alpine Partners VI LLC acquired a new stake in KLA-Tencor Corp. during the first quarter worth about $715,000. 85.80% of the stock is owned by hedge funds and other institutional investors.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded up 1.23% on Friday, reaching $72.67. 7,733,661 shares of the company’s stock traded hands. KLA-Tencor Corp. has a 52 week low of $51.16 and a 52 week high of $77.85. The stock has a market capitalization of $11.34 billion, a PE ratio of 16.18 and a beta of 1.75. The company has a 50 day moving average of $69.72 and a 200-day moving average of $71.81.
KLA-Tencor Corp. (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.35. KLA-Tencor Corp. had a net margin of 23.60% and a return on equity of 159.94%. The company earned $919.17 million during the quarter, compared to the consensus estimate of $842.10 million. During the same period in the previous year, the firm earned $0.99 earnings per share. KLA-Tencor Corp.’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities research analysts forecast that KLA-Tencor Corp. will post $4.92 earnings per share for the current year.
A number of equities research analysts have issued reports on KLAC shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of KLA-Tencor Corp. in a report on Wednesday, August 17th. Zacks Investment Research lowered shares of KLA-Tencor Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Citigroup Inc. increased their target price on shares of KLA-Tencor Corp. from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Deutsche Bank AG increased their target price on shares of KLA-Tencor Corp. from $72.00 to $78.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Finally, B. Riley reiterated a “neutral” rating and set a $78.00 target price on shares of KLA-Tencor Corp. in a report on Thursday, July 28th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $76.21.
KLA-Tencor Corp. Company Profile
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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