Exxonmobil Investment Management Inc. TX trimmed its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,917 shares of the semiconductor company’s stock after selling 3,724 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in KLA-Tencor were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in KLA-Tencor by 14,300.0% during the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 750 shares during the period. Bristlecone Advisors LLC bought a new position in KLA-Tencor during the third quarter valued at $148,000. Edge Advisors LLC grew its holdings in KLA-Tencor by 77.8% during the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 872 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in KLA-Tencor during the third quarter valued at $212,000. 90.60% of the stock is owned by institutional investors and hedge funds.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) opened at $107.29 on Friday. The stock has a market capitalization of $16,830.00, a price-to-earnings ratio of 16.46 and a beta of 1.63. KLA-Tencor Corp has a 12-month low of $79.20 and a 12-month high of $114.43. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72.
In related news, SVP Virendra A. Kirloskar sold 600 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $60,912.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Emiko Higashi sold 500 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total value of $55,000.00. Following the completion of the sale, the director now owns 13,588 shares in the company, valued at approximately $1,494,680. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $3,191,064 in the last quarter. 0.20% of the stock is currently owned by company insiders.
Several brokerages have weighed in on KLAC. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday. KeyCorp reissued a “hold” rating on shares of KLA-Tencor in a report on Sunday, October 15th. Zacks Investment Research upgraded KLA-Tencor 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, October 16th. Argus began coverage on KLA-Tencor in a research report on Wednesday, November 29th. They set a “buy” rating and a $125.00 target price on the stock. Finally, B. Riley restated a “buy” rating and set a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. KLA-Tencor currently has an average rating of “Hold” and a consensus price target of $110.95.
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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