E&G Advisors LP Purchases New Position in KLA-Tencor Corporation (KLAC)

E&G Advisors LP purchased a new position in shares of KLA-Tencor Corporation (NASDAQ:KLAC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the semiconductor company’s stock, valued at approximately $530,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KLAC. Adviser Investments LLC boosted its stake 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 valued at $4,084,000 after purchasing an additional 10,965 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of KLA-Tencor Corporation by 1.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 322,270 shares of the semiconductor company’s stock valued at $29,491,000 after purchasing an additional 4,477 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of KLA-Tencor Corporation by 0.4% in the 2nd quarter. Utah Retirement Systems now owns 28,630 shares of the semiconductor company’s stock valued at $2,620,000 after purchasing an additional 100 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of KLA-Tencor Corporation by 120.8% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 40,400 shares of the semiconductor company’s stock valued at $3,697,000 after purchasing an additional 22,100 shares in the last quarter. Finally, Laurion Capital Management LP boosted its stake in shares of KLA-Tencor Corporation by 2,095.3% in the 2nd quarter. Laurion Capital Management LP now owns 92,201 shares of the semiconductor company’s stock valued at $8,438,000 after purchasing an additional 88,001 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 1.18% on Wednesday, reaching $107.60. 657,512 shares of the company traded hands. KLA-Tencor Corporation has a one year low of $73.51 and a one year high of $110.00. The company has a market capitalization of $16.88 billion, a P/E ratio of 18.30 and a beta of 1.68. The firm’s 50 day moving average is $103.89 and its 200 day moving average is $99.09.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. Analysts expect that KLA-Tencor Corporation will post $7.12 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, July 28th. Stifel Nicolaus boosted their target price on shares of KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Citigroup Inc. boosted their target price on shares of KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday. J P Morgan Chase & Co restated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, October 27th. Finally, BidaskClub downgraded shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corporation currently has an average rating of “Hold” and an average target price of $107.51.

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In other news, insider Bobby R. Bell sold 4,236 shares of KLA-Tencor Corporation stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $105.51, for a total transaction of $446,940.36. Following the sale, 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, EVP Ahmad A. Khan sold 4,066 shares of KLA-Tencor Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $362,483.90. Following the sale, the executive vice president now directly owns 5,489 shares in the company, valued at $489,344.35. The disclosure for this sale can be found here. Insiders have sold 83,672 shares of company stock worth $7,648,832 over the last three months. Insiders own 0.20% of the company’s stock.

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.

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

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