Oakbrook Investments LLC reduced its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,881 shares of the semiconductor company’s stock after selling 415 shares during the period. Oakbrook Investments LLC’s holdings in KLA-Tencor were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new stake in shares of KLA-Tencor during the first quarter worth about $27,000. Resources Investment Advisors Inc. bought a new stake in KLA-Tencor in the fourth quarter valued at approximately $29,000. Spectrum Management Group Inc. bought a new stake in KLA-Tencor in the first quarter valued at approximately $40,000. JOYN Advisors Inc. boosted its holdings in KLA-Tencor by 251.0% in the fourth quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in KLA-Tencor in the first quarter valued at approximately $60,000. Institutional investors own 92.44% of the company’s stock.

In other KLA-Tencor news, EVP Ahmad A. Khan sold 3,851 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $107.52, for a total value of $414,059.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian M. Trafas sold 1,114 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $107.00, for a total value of $119,198.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,775 shares of company stock worth $979,331. Insiders own 0.19% of the company’s stock.

Shares of KLAC stock opened at $124.20 on Friday. KLA-Tencor Corp has a one year low of $80.65 and a one year high of $125.84. The company has a current ratio of 3.03, a quick ratio of 2.35 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $18.80 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.30 and a beta of 1.61.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. As a group, sell-side analysts anticipate that KLA-Tencor Corp will post 8.43 EPS for the current fiscal year.

Several analysts recently commented on KLAC shares. Stifel Nicolaus upped their target price on KLA-Tencor from $124.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. started coverage on KLA-Tencor in a report on Thursday, March 7th. They issued an “overweight” rating and a $160.00 target price on the stock. BidaskClub upgraded KLA-Tencor from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, April 2nd. Finally, Cowen reiterated an “outperform” rating and issued a $140.00 target price (up from $130.00) on shares of KLA-Tencor in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $130.55.

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KLA-Tencor Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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