Baldwin Brothers Inc. MA Takes Position in KLA-Tencor Corporation (KLAC)

Baldwin Brothers Inc. MA purchased a new stake in KLA-Tencor Corporation (NASDAQ:KLAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,385 shares of the semiconductor company’s stock, valued at approximately $4,811,000.

Several other hedge funds have also added to or reduced their stakes in KLAC. Thrivent Financial For Lutherans grew its position in shares of KLA-Tencor Corporation by 7.9% in the first quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 420 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of KLA-Tencor Corporation by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 605,229 shares of the semiconductor company’s stock valued at $57,541,000 after purchasing an additional 38,591 shares during the last quarter. Morgan Stanley grew its position in shares of KLA-Tencor Corporation by 30.4% in the first quarter. Morgan Stanley now owns 244,885 shares of the semiconductor company’s stock valued at $23,282,000 after purchasing an additional 57,058 shares during the last quarter. Jane Street Group LLC grew its position in shares of KLA-Tencor Corporation by 169.2% in the first quarter. Jane Street Group LLC now owns 2,492 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 6,092 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of KLA-Tencor Corporation by 4.8% in the first quarter. HighTower Advisors LLC now owns 17,147 shares of the semiconductor company’s stock valued at $1,637,000 after purchasing an additional 779 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 1.245% during mid-day trading on Monday, reaching $106.725. 398,293 shares of the company were exchanged. The company’s 50 day moving average price is $103.20 and its 200 day moving average price is $98.89. The firm has a market capitalization of $16.74 billion, a PE ratio of 18.151 and a beta of 1.68. KLA-Tencor Corporation has a 12 month low of $73.30 and a 12 month high of $109.78.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s revenue was up 29.2% compared to the same quarter last year. Equities analysts anticipate that KLA-Tencor Corporation will post $6.75 earnings per share for the current year.

Several research firms have recently commented on KLAC. J P Morgan Chase & Co reiterated a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor Corporation in a research report on Friday. B. Riley reiterated a “buy” rating and issued a $129.00 price target (up from $120.00) on shares of KLA-Tencor Corporation in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Thursday, October 19th. Stifel Nicolaus increased their price target on shares of KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, KeyCorp reiterated a “hold” rating on shares of KLA-Tencor Corporation in a research report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $107.32.

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In related news, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $105.51, for a total transaction of $446,940.36. Following the transaction, the insider now directly owns 8,908 shares of the company’s stock, valued at $939,883.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 314 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 transaction of $29,154.90. Following the transaction, the chief financial officer now directly owns 314 shares in the company, valued at $29,154.90. The disclosure for this sale can be found here. Insiders have sold 84,512 shares of company stock worth $7,726,826 over the last ninety days. 0.20% of the stock is currently owned by insiders.

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.

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

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