Traders Sell Shares of KLA-Tencor Corporation (KLAC) on Strength (KLAC)

Investors sold shares of KLA-Tencor Corporation (NASDAQ:KLAC) on strength during trading 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 stocks tracked, KLA-Tencor Corporation had the 18th highest net out-flow for the day. KLA-Tencor Corporation traded up $2.03 for the day and closed at $107.33

Several research analysts have recently weighed in on the stock. Cowen and Company reissued a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. B. Riley reaffirmed a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. KeyCorp reaffirmed a “hold” rating on shares of KLA-Tencor Corporation in a research report on Sunday. Zacks Investment Research raised shares of KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 target price on the stock in a research report on Monday. Finally, BidaskClub cut shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $101.32.

The company’s 50-day moving average is $99.56 and its 200 day moving average is $98.06. The company has a market cap of $16.83 billion, a P/E ratio of 18.25 and a beta of 1.68.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $938.60 million for 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. KLA-Tencor Corporation’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.74 EPS for the current fiscal year.

In other news, insider Richard P. Wallace sold 37,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was 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 directly owns 58,831 shares in the company, valued at approximately $5,345,384.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian Lorig sold 526 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total value of $48,839.10. Following the completion of the sale, the senior vice president now owns 1,092 shares of the company’s stock, valued at $101,392.20. The disclosure for this sale can be found here. Insiders have sold a total of 84,512 shares of company stock worth $7,726,826 over the last 90 days. 0.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sun Life Financial INC grew its stake in KLA-Tencor Corporation by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,144 shares during the last quarter. Grove Bank & Trust grew its stake in KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after buying an additional 290 shares during the last quarter. Invictus RG bought a new position in KLA-Tencor Corporation during the 1st quarter worth $202,000. Checchi Capital Advisers LLC grew its stake in KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after buying an additional 44 shares during the last quarter. Finally, IBM Retirement Fund grew its stake in KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after buying an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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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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