November 28, 2016 - By Dolores Ford · 0 Comments
Kla Tencor Corp (NASDAQ:KLAC) institutional sentiment increased to 1.61 in 2016 Q2. Its up 0.28, from 1.33 in 2016Q1. The ratio has increased, as 175 active investment managers opened new or increased stock positions, while 132 sold and reduced equity positions in Kla Tencor Corp. The active investment managers in our partner’s database now possess: 126.45 million shares, down from 130.45 million shares in 2016Q1. Also, the number of active investment managers holding Kla Tencor Corp in their top 10 stock positions increased from 11 to 12 for an increase of 1. Sold All: 37 Reduced: 95 Increased: 128 New Position: 47.
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company has a market cap of $13.02 billion. 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. It has a 16.66 P/E ratio. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world.
About 285,864 shares traded hands. KLA-Tencor Corp (NASDAQ:KLAC) has risen 14.92% since April 25, 2016 and is uptrending. It has outperformed by 8.90% the S&P500.
Analysts await KLA-Tencor Corp (NASDAQ:KLAC) to report earnings on January, 26. They expect $1.40 EPS, up 34.62% or $0.36 from last year’s $1.04 per share. KLAC’s profit will be $220.09M for 14.79 P/E if the $1.40 EPS becomes a reality. After $1.16 actual EPS reported by KLA-Tencor Corp for the previous quarter, Wall Street now forecasts 20.69% EPS growth.
According to Zacks Investment Research, “KLA-Tencor Corporation is one of the world’s leading suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Its comprehensive portfolio of products, software, analysis, services and expertise is designed to help integrated circuit manufacturers manage yield throughout the entire wafer fabrication process.”
Yakira Capital Management Inc. holds 7.38% of its portfolio in KLA-Tencor Corp for 266,149 shares. Westchester Capital Management Llc owns 2.85 million shares or 4.8% of their US portfolio. Moreover, Longfellow Investment Management Co Llc has 3.91% invested in the company for 150,000 shares. The New Jersey-based Alpine Associates Management Inc. has invested 3.88% in the stock. Harvest Management Llc, a New York-based fund reported 69,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 9 selling transactions for $6.23 million net activity.
Ratings analysis reveals 54% of KLA-Tencor Corporation’s analysts are positive. Out of 13 Wall Street analysts rating KLA-Tencor Corporation, 7 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $51 while the high is $86. The stock’s average target of $68 is -17.89% below today’s ($82.82) share price. KLAC was included in 28 notes of analysts from July 28, 2015. The company was downgraded on Tuesday, July 28 by Citigroup. Cowen & Co maintained KLA-Tencor Corp (NASDAQ:KLAC) on Thursday, October 22 with “Market Perform” rating. The stock of KLA-Tencor Corp (NASDAQ:KLAC) earned “Outperform” rating by Credit Suisse on Tuesday, September 13. The rating was maintained by Cowen & Co on Friday, October 21 with “Outperform”. The stock of KLA-Tencor Corp (NASDAQ:KLAC) has “Buy” rating given on Friday, October 7 by Needham. The rating was downgraded by Piper Jaffray on Thursday, October 22 to “Neutral”. The rating was maintained by Needham on Friday, October 9 with “Buy”. As per Friday, September 25, the company rating was upgraded by CLSA. Nomura downgraded the stock to “Neutral” rating in Monday, October 26 report. The stock has “Hold” rating given by Needham on Thursday, October 22.
KLA-Tencor Corporation (KLA-Tencor), incorporated on July 9, 1975, 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. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world. These clients turn to the Company for inline wafer and IC defect monitoring, review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness, surface topography and composition measurements; measurement of in-chamber process conditions, wafer shape and stress metrology; computational lithography tools, and overall yield and fab-wide data management and analysis systems. The Company’s inspection and metrology products and related offerings are categorized in various groups, including Chip Manufacturing, Wafer Manufacturing, Reticle Manufacturing, LED, Power Device and Compound Semiconductor Manufacturing, Data Storage Media/Head Manufacturing, Microelectromechanical Systems (MEMS) Manufacturing, and General Purpose/Lab Applications. It also provides refurbished KLA-Tencor tools as service and support for its products.
More recent KLA-Tencor Corp (NASDAQ:KLAC) news were published by: Benzinga.com which released: “8 Stocks To Watch For October 6, 2016” on October 06, 2016. Also Forbes.com published the news titled: “KLA-Tencor Reaches Analyst Target Price” on November 23, 2016. Valuewalk.com‘s news article titled: “Analysis Of KLA-Tencor Corp (KLAC) Dividend Increase” with publication date: November 08, 2016 was also an interesting one.
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By Dolores Ford