KLA-Tencor Corp. (NASDAQ:KLAC) shares saw unusually-high trading volume on Thursday . Approximately 1,128,808 shares traded 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 topic of several recent research reports. Zacks Investment Research downgraded shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Cowen and Company lifted their target price on shares of KLA-Tencor Corp. from $67.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 27th. Finally, B. Riley reiterated a “neutral” rating and set a $72.00 target price on shares of KLA-Tencor Corp. in a research report on Wednesday, April 27th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.50.

The firm has a market capitalization of $11.70 billion and a P/E ratio of 20.59. The company has a 50 day moving average price of $73.19 and a 200 day moving average price of $69.81.

KLA-Tencor Corp. (NASDAQ:KLAC) last released its earnings results on Tuesday, April 26th. The company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.17. The company had revenue of $712 million for the quarter, compared to the consensus estimate of $725.62 million. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts expect that KLA-Tencor Corp. will post $4.30 EPS for the current fiscal year.

In related news, CFO Bren D. Higgins sold 363 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total transaction of $26,219.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bobby R. Bell sold 6,343 shares of the business’s stock in a transaction 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 approximately $24,074.64. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Advantus Capital Management Inc boosted its position in KLA-Tencor Corp. by 3.3% in the fourth quarter. Advantus Capital Management Inc now owns 15,047 shares of the company’s stock worth $1,044,000 after buying an additional 478 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in KLA-Tencor Corp. by 4.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 20,921 shares of the company’s stock worth $1,451,000 after buying an additional 947 shares during the last quarter. Principal Financial Group Inc. boosted 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 during the last quarter. Aberdeen Asset Management PLC UK boosted its position in KLA-Tencor Corp. by 16.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 28,949 shares of the company’s stock worth $1,879,000 after buying an additional 4,118 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in KLA-Tencor Corp. by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 372,000 shares of the company’s stock worth $25,798,000 after buying an additional 5,200 shares during 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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