Barings LLC held its stake in KLA-Tencor Corporation (NASDAQ:KLAC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,587 shares of the semiconductor company’s stock at the end of the second quarter. Barings LLC’s holdings in KLA-Tencor Corporation were worth $2,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KLAC. BlackRock Inc. boosted its holdings in KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after purchasing an additional 10,573,812 shares in the last quarter. Janus Capital Management LLC boosted its holdings in KLA-Tencor Corporation by 18.4% in the first quarter. Janus Capital Management LLC now owns 3,450,226 shares of the semiconductor company’s stock valued at $328,013,000 after purchasing an additional 535,940 shares in the last quarter. Vanguard Group Inc. boosted its holdings in KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock valued at $1,566,668,000 after purchasing an additional 482,997 shares in the last quarter. State Street Corp boosted its holdings in KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after purchasing an additional 436,022 shares in the last quarter. Finally, Oaktop Capital Management II L.P. acquired a new position in KLA-Tencor Corporation in the second quarter valued at approximately $36,673,000. 89.16% of the stock is owned by hedge funds and other institutional investors.

KLAC has been the subject of a number of research analyst reports. UBS AG reaffirmed a “neutral” rating and issued a $110.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, June 13th. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $102.00 price target (up from $92.00) on shares of KLA-Tencor Corporation in a report on Monday, June 19th. Susquehanna Bancshares Inc reaffirmed a “reduce” rating and issued a $65.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, June 28th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. KLA-Tencor Corporation presently has a consensus rating of “Hold” and a consensus price target of $99.68.

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In other news, EVP Ahmad A. Khan sold 4,066 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the sale, the executive vice president now directly owns 5,489 shares in the company, valued at approximately $489,344.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard P. Wallace sold 37,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $90.86, for a total value of $3,396,074.22. Following the completion of the sale, the insider now owns 58,831 shares of the company’s stock, valued at $5,345,384.66. The disclosure for this sale can be found here. Insiders sold a total of 84,512 shares of company stock valued at $7,726,826 over the last quarter. Company insiders own 0.20% of the company’s stock.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 102.47 on Friday. The stock has a 50 day moving average price of $97.29 and a 200 day moving average price of $97.70. KLA-Tencor Corporation has a 12-month low of $70.72 and a 12-month high of $109.59. The firm has a market capitalization of $16.07 billion, a P/E ratio of 17.43 and a beta of 1.68.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. During the same period in the previous year, the business earned $1.77 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.

KLA-Tencor Corporation Company 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.

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

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