KLA-Tencor Corp. (NASDAQ:KLAC) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $76.18 and last traded at $76.04, with a volume of 302,964 shares trading hands. The stock had previously closed at $75.93.

A number of research analysts have recently commented on KLAC shares. Zacks Investment Research cut KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Cowen and Company raised their target price on 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 Monday, May 2nd. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. KLA-Tencor Corp. has a consensus rating of “Hold” and an average price target of $66.50.

The firm has a market capitalization of $11.82 billion and a PE ratio of 20.80. The firm has a 50-day moving average of $73.34 and a 200-day moving average of $69.89.

KLA-Tencor Corp. (NASDAQ:KLAC) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.98 by $0.17. The firm had revenue of $712 million for the quarter, compared to analysts’ expectations of $725.62 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts expect 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 the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $69.18, for a total value of $438,808.74. Following the completion of the sale, the executive vice president now owns 348 shares of the company’s stock, valued at approximately $24,074.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 363 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total value of $26,219.49. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of 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. 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 during the last quarter. P Schoenfeld Asset Management LP bought a new position in KLA-Tencor Corp. during the fourth quarter worth $35,211,000. Winton Capital Group Ltd bought a new position in KLA-Tencor Corp. during the fourth quarter worth $32,197,000. Finally, Vanguard Group Inc. raised its position in KLA-Tencor Corp. by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 13,686,140 shares of the company’s stock worth $949,133,000 after buying an additional 302,274 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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