November 23, 2016 - By Darrin Black
Kiran Patel – a well-known insider in Kla Tencor Corp who’s for the time being the director — made a sale of 6,000 shares of Kla Tencor Corp, valued by the market at roughly around $US 494,670 based on an average price per share of $US 82.4. Now, Kiran Patel owns 14,852 shares which make up about 0.01% of the Company’s market cap (total dollar market value of all company’s outstanding shares).
Out of 13 analysts covering KLA-Tencor Corporation (NASDAQ:KLAC), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. $86 is the highest target while $51 is the lowest. The $68 average target is -18.11% below today’s ($83.04) stock price. KLA-Tencor Corporation has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, September 13 by Credit Suisse. Piper Jaffray downgraded the stock to “Neutral” rating in Thursday, October 22 report. The firm earned “Outperform” rating on Friday, October 21 by Cowen & Co. As per Monday, August 29, the company rating was upgraded by Cowen & Co. The company was maintained on Thursday, October 22 by RBC Capital Markets. Needham maintained the stock with “Buy” rating in Friday, October 21 report. The stock has “Neutral” rating given by Nomura on Monday, October 26. Cowen & Co maintained the shares of KLAC in a report on Friday, July 31 with “Market Perform” rating. The firm has “Neutral” rating by UBS given on Thursday, October 22. The stock has “Outperform” rating given by CLSA on Friday, September 25.
Insitutional Activity: The institutional sentiment increased to 1.61 in Q2 2016. Its up 0.28, from 1.33 in 2016Q1. The ratio increased, as 37 funds sold all KLA-Tencor Corp shares owned while 95 reduced positions. 47 funds bought stakes while 128 increased positions. They now own 126.45 million shares or 3.07% less from 130.45 million shares in 2016Q1.
Cadence Mngmt Limited Co has 20,432 shares for 0.11% of their US portfolio. Kcg Holdings Inc holds 0.02% or 13,242 shares in its portfolio. Fmr Limited Liability Corporation accumulated 0.01% or 626,750 shares. Bluefin Trading holds 0.12% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC) for 16,606 shares. Transamerica Financial Advisors last reported 0% of its portfolio in the stock. Verition Fund Ltd Liability accumulated 6,361 shares or 0.06% of the stock. Pacad accumulated 0.3% or 29,487 shares. Manufacturers Life Insur The holds 0.02% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC) for 176,575 shares. Euclid Advsrs Limited Liability Company reported 59,140 shares or 0.19% of all its holdings. Bessemer Grp Incorporated last reported 290 shares in the company. British Columbia Investment Corp has 0.05% invested in the company for 70,281 shares. M&T Bancorporation Corp has invested 0.01% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC). Hussman Strategic Advsrs Inc last reported 100,000 shares in the company. Springbok Capital Mgmt Llc last reported 59,875 shares in the company. Ontario Teachers Pension Plan Board has 0.07% invested in the company for 82,690 shares.
Insider Transactions: Since July 5, 2016, the stock had 0 insider purchases, and 8 insider sales for $5.73 million net activity. Another trade for 19,750 shares valued at $1.47 million was sold by Kirk Michael. Kirloskar Virendra A also sold $596,543 worth of KLA-Tencor Corp (NASDAQ:KLAC) shares. $26,219 worth of KLA-Tencor Corp (NASDAQ:KLAC) was sold by Higgins Bren D. Bell Bobby R also sold $572,109 worth of KLA-Tencor Corp (NASDAQ:KLAC) shares. Another trade for 17,173 shares valued at $1.29 million was made by Khan Ahmad A. on Friday, November 11. 8,095 KLA-Tencor Corp (NASDAQ:KLAC) shares with value of $604,713 were sold by Trafas Brian M.
The stock increased 2.57% or $2.08 during the last trading session, hitting $83.04. About 3.43M shares traded hands or 55.20% up from the average. KLA-Tencor Corp (NASDAQ:KLAC) has risen 10.95% since April 20, 2016 and is uptrending. It has outperformed by 6.39% the S&P500.
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company has a market cap of $13.13 billion. 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. It has a 16.7 P/E ratio. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world.
According to Zacks Investment Research, “KLA-Tencor Corporation is one of the world’s leading suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Its comprehensive portfolio of products, software, analysis, services and expertise is designed to help integrated circuit manufacturers manage yield throughout the entire wafer fabrication process.”
Another recent and important KLA-Tencor Corp (NASDAQ:KLAC) news was published by Valuewalk.com which published an article titled: “Analysis Of KLA-Tencor Corp (KLAC) Dividend Increase” on November 08, 2016.
KLA-Tencor Corporation (KLA-Tencor), incorporated on July 9, 1975, 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. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world. These clients turn to the Company for inline wafer and IC defect monitoring, review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness, surface topography and composition measurements; measurement of in-chamber process conditions, wafer shape and stress metrology; computational lithography tools, and overall yield and fab-wide data management and analysis systems. The Company’s inspection and metrology products and related offerings are categorized in various groups, including Chip Manufacturing, Wafer Manufacturing, Reticle Manufacturing, LED, Power Device and Compound Semiconductor Manufacturing, Data Storage Media/Head Manufacturing, Microelectromechanical Systems (MEMS) Manufacturing, and General Purpose/Lab Applications. It also provides refurbished KLA-Tencor tools as service and support for its products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Darrin Black