Investors Sell Shares of KLA-Tencor Corporation (KLAC) on Strength (KLAC)
Traders sold shares of KLA-Tencor Corporation (NASDAQ:KLAC) on strength during trading hours on Monday. $27.05 million flowed into the stock on the tick-up and $62.00 million flowed out of the stock on the tick-down, for a money net flow of $34.95 million out of the stock. Of all equities tracked, KLA-Tencor Corporation had the 0th highest net out-flow for the day. KLA-Tencor Corporation traded up $2.03 for the day and closed at $107.33
A number of research firms have issued reports on KLAC. Credit Suisse Group set a $115.00 price target on KLA-Tencor Corporation and gave the company a “buy” rating in a research note on Saturday, July 29th. BidaskClub downgraded KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research note on Monday. Finally, Goldman Sachs Group, Inc. (The) downgraded KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $108.00 to $97.00 in a research note on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $101.32.
The firm has a 50-day moving average price of $99.56 and a 200 day moving average price of $98.06. The firm has a market cap of $16.94 billion, a PE ratio of 18.37 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same quarter in the prior year, the company posted $1.77 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that KLA-Tencor Corporation will post $6.75 earnings per share for the current fiscal year.
In related news, SVP Virendra A. Kirloskar sold 6,307 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $562,269.05. Following the sale, the senior vice president now owns 2,022 shares in the company, valued at $180,261.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bobby R. Bell sold 4,236 shares of the firm’s 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 sale, 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 have sold 84,512 shares of company stock worth $7,726,826. Corporate insiders own 0.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of 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 worth $1,059,142,000 after purchasing an additional 10,573,812 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in KLA-Tencor Corporation by 24,123.6% in the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after purchasing an additional 4,290,618 shares during the last quarter. Koch Industries Inc. boosted its holdings in KLA-Tencor Corporation by 16,899.5% in the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock worth $737,000 after purchasing an additional 740,876 shares during 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 worth $328,013,000 after purchasing an additional 535,940 shares during the last quarter. Finally, 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 worth $1,566,668,000 after purchasing an additional 482,997 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.
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About KLA-Tencor Corporation
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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