KLA-Tencor Corp. (NASDAQ:KLAC) shares hit a new 52-week high on Tuesday . The stock traded as high as $77.00 and last traded at $76.74, with a volume of 190,729 shares. The stock had previously closed at $76.49.

KLAC has been the topic of several research reports. Zacks Investment Research lowered KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Cowen and Company increased their target price on 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 reaffirmed a “neutral” rating and issued a $72.00 target price on shares of KLA-Tencor Corp. in a research report on Wednesday, April 27th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.50.

The firm’s 50 day moving average is $73.77 and its 200 day moving average is $70.19. The firm has a market capitalization of $11.99 billion and a P/E ratio of 21.10.

KLA-Tencor Corp. (NASDAQ:KLAC) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.17. The firm earned $712 million during the quarter, compared to the consensus estimate of $725.62 million. The business’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Analysts predict 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 dated Wednesday, May 4th. The shares were sold at an average price of $69.18, for a total value of $438,808.74. Following the completion of the transaction, the executive vice president now owns 348 shares of the company’s stock, valued at approximately $24,074.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 363 shares of KLA-Tencor Corp. stock in a transaction dated 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 hedge funds and institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department increased its position in shares of KLA-Tencor Corp. by 133.1% in the fourth quarter. State of Tennessee Treasury Department now owns 58,273 shares of the company’s stock worth $4,041,000 after buying an additional 33,273 shares during the period. TrimTabs Asset Management LLC purchased a new position in shares of KLA-Tencor Corp. during the fourth quarter worth approximately $2,834,000. P Schoenfeld Asset Management LP purchased a new position in shares of KLA-Tencor Corp. during the fourth quarter worth approximately $35,211,000. Freestone Capital Holdings LLC increased its position in shares of KLA-Tencor Corp. by 66.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 16,666 shares of the company’s stock worth $1,156,000 after buying an additional 6,627 shares during the period. Finally, Advantus Capital Management Inc increased its position in shares of 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 period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.