KLA-Tencor Corp. (NASDAQ:KLAC) saw an uptick in trading volume on Thursday . 1,128,808 shares changed hands during trading, a decline of 14% from the previous session’s volume of 1,319,780 shares.The stock last traded at $75.09 and had previously closed at $75.55.

KLAC has been the subject of several analyst reports. Zacks Investment Research downgraded shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Cowen and Company upped their target price on shares of KLA-Tencor Corp. from $67.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, April 27th. Finally, B. Riley restated a “neutral” rating and issued a $72.00 target price on shares of KLA-Tencor Corp. in a research note on Wednesday, April 27th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. KLA-Tencor Corp. currently has an average rating of “Hold” and a consensus target price of $66.50.

The firm has a market cap of $11.71 billion and a P/E ratio of 20.61. The firm has a 50 day moving average price of $73.16 and a 200 day moving average price of $69.80.

KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.17. The business had revenue of $712 million for the quarter, compared to the consensus estimate of $725.62 million. During the same period in the previous year, the business posted $0.84 EPS. KLA-Tencor Corp.’s revenue was down 3.5% compared to the same quarter last year. Equities analysts anticipate that KLA-Tencor Corp. will post $4.30 EPS for the current fiscal year.

In other news, EVP Bobby R. Bell sold 6,343 shares of KLA-Tencor Corp. stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $69.18, for a total value of $438,808.74. Following the transaction, the executive vice president now owns 348 shares of the company’s stock, valued at $24,074.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Bren D. Higgins sold 363 shares of KLA-Tencor Corp. stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $72.23, for a total transaction of $26,219.49. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in KLAC. Principal Financial Group Inc. raised its position in KLA-Tencor Corp. by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 227,019 shares of the company’s stock worth $15,743,000 after buying an additional 3,106 shares in the last quarter. Morgan Stanley raised its position in KLA-Tencor Corp. by 1,838.0% in the fourth quarter. Morgan Stanley now owns 3,287,298 shares of the company’s stock worth $227,974,000 after buying an additional 3,117,674 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in KLA-Tencor Corp. by 167.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,041 shares of the company’s stock worth $1,875,000 after buying an additional 16,920 shares in the last quarter. RidgeWorth Capital Management LLC raised its position in KLA-Tencor Corp. by 60,949.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 688,027 shares of the company’s stock worth $47,715,000 after buying an additional 686,900 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in KLA-Tencor Corp. by 3.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 242,479 shares of the company’s stock worth $16,898,000 after buying an additional 8,015 shares in the last quarter.

KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

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