Korea Investment CORP Raises Holdings in KLA-Tencor Corporation (KLAC)

Korea Investment CORP grew its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 21.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,451 shares of the semiconductor company’s stock after buying an additional 25,000 shares during the quarter. Korea Investment CORP owned 0.09% of KLA-Tencor Corporation worth $14,994,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Aperio Group LLC lifted its holdings in shares of KLA-Tencor Corporation by 3.2% in the 3rd quarter. Aperio Group LLC now owns 66,715 shares of the semiconductor company’s stock worth $7,072,000 after buying an additional 2,096 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of KLA-Tencor Corporation by 1.4% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 35,140 shares of the semiconductor company’s stock worth $3,725,000 after buying an additional 492 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of KLA-Tencor Corporation by 45.7% in the 3rd quarter. Advisors Capital Management LLC now owns 25,751 shares of the semiconductor company’s stock worth $2,729,000 after buying an additional 8,078 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of KLA-Tencor Corporation in the 3rd quarter worth $360,000. Finally, Adviser Investments LLC lifted its holdings in shares of KLA-Tencor Corporation by 39.8% in the 3rd quarter. Adviser Investments LLC now owns 38,524 shares of the semiconductor company’s stock worth $4,084,000 after buying an additional 10,965 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Korea Investment CORP Raises Holdings in KLA-Tencor Corporation (KLAC)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/10/31/korea-investment-corp-raises-holdings-in-kla-tencor-corporation-klac.html.

Several equities research analysts have weighed in on KLAC shares. Credit Suisse Group reiterated an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 target price (up from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Zacks Investment Research cut KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. KLA-Tencor Corporation has a consensus rating of “Hold” and an average target price of $107.51.

KLA-Tencor Corporation (NASDAQ:KLAC) opened at 108.19 on Tuesday. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 18.40 and a beta of 1.68. The stock has a 50 day moving average price of $103.56 and a 200-day moving average price of $99.02. KLA-Tencor Corporation has a one year low of $73.30 and a one year high of $109.78.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. During the same period in the previous year, the business earned $1.16 EPS. The business’s quarterly revenue was up 29.2% on a year-over-year basis. On average, analysts predict that KLA-Tencor Corporation will post $7.12 earnings per share for the current fiscal year.

In related news, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $105.51, for a total value of $446,940.36. Following the transaction, the insider now owns 8,908 shares in the company, valued at approximately $939,883.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 436 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.99, for a total value of $40,107.64. Following the completion of the transaction, the senior vice president now owns 297 shares in the company, valued at approximately $27,321.03. The disclosure for this sale can be found here. Insiders sold a total of 83,672 shares of company stock valued at $7,648,832 over the last three months. Company insiders own 0.20% of the company’s stock.

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.

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

What are top analysts saying about KLA-Tencor Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for KLA-Tencor Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit