Polianta Ltd Acquires New Stake in KLA-Tencor Corp (KLAC)

Polianta Ltd purchased a new stake in KLA-Tencor Corp (NASDAQ:KLAC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,400 shares of the semiconductor company’s stock, valued at approximately $1,197,000.

Several other large investors have also made changes to their positions in KLAC. Parametric Portfolio Associates LLC lifted its stake in KLA-Tencor by 7.0% in the third quarter. Parametric Portfolio Associates LLC now owns 344,331 shares of the semiconductor company’s stock worth $36,499,000 after purchasing an additional 22,561 shares during the last quarter. AXA lifted its stake in KLA-Tencor by 3.0% in the third quarter. AXA now owns 97,451 shares of the semiconductor company’s stock worth $10,330,000 after purchasing an additional 2,879 shares during the last quarter. Delphi Management Inc. MA bought a new stake in KLA-Tencor in the third quarter worth about $355,000. Cypress Capital Group bought a new stake in KLA-Tencor in the third quarter worth about $336,000. Finally, Cetera Advisor Networks LLC bought a new stake in KLA-Tencor in the third quarter worth about $223,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on KLAC. Zacks Investment Research downgraded shares of KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 12th. KeyCorp raised shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 target price on the stock in a research report on Monday, December 18th. Citigroup raised their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Argus initiated coverage on shares of 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, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $110.95.

In other news, EVP Teri A. Little sold 1,678 shares of KLA-Tencor stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $109.44, for a total transaction of $183,640.32. Following the completion of the sale, the executive vice president now directly owns 8,452 shares in the company, valued at $924,986.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Emiko Higashi sold 500 shares of KLA-Tencor stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total transaction of $52,920.00. Following the sale, the director now owns 15,131 shares of the company’s stock, valued at $1,601,465.04. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $3,191,064 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

KLA-Tencor Corp (NASDAQ KLAC) traded up $1.05 during midday trading on Tuesday, reaching $107.29. 990,600 shares of the company’s stock traded hands, compared to its average volume of 1,432,078. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a fifty-two week low of $79.20 and a fifty-two week high of $114.43. 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 (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, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor 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 period in the previous year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. analysts forecast that KLA-Tencor Corp will post 7.31 EPS for the current year.

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About KLA-Tencor

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 (NASDAQ:KLAC)

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