Shares of KLA-Tencor Corp. (NASDAQ:KLAC) reached a new 52-week high during mid-day trading 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.

Several analysts recently issued reports on the company. B. Riley reissued a “neutral” rating and issued a $78.00 target price on shares of KLA-Tencor Corp. in a research note on Thursday. Zacks Investment Research cut KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Cowen and Company raised their target price on KLA-Tencor Corp. from $67.00 to $70.00 and gave the stock a “market perform” rating 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. The stock presently has an average rating of “Hold” and an average target price of $67.10.

The stock has a market cap of $12.04 billion and a price-to-earnings ratio of 21.20. The firm’s 50 day moving average is $74.01 and its 200-day moving average is $70.33.

KLA-Tencor Corp. (NASDAQ:KLAC) last announced its earnings results on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.35. The business had revenue of $919.17 million for the quarter, compared to analysts’ expectations of $842.10 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities analysts anticipate that KLA-Tencor Corp. will post $4.30 earnings per share for the current year.

In related news, EVP Bobby R. Bell sold 6,343 shares of the 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 sale, the executive vice president now directly owns 348 shares of the company’s stock, valued at approximately $24,074.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 363 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was 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.

A number of institutional investors recently modified their holdings of KLAC. 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 in the last quarter. 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 in the last quarter. Bailard Inc. bought a new position in shares of KLA-Tencor Corp. during the fourth quarter worth approximately $1,366,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of 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 in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 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.

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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