KLA-Tencor Corp. (NASDAQ:KLAC) traded down 2.4% on Friday . The stock traded as low as $75.46 and last traded at $75.61, with a volume of 941,332 shares trading hands. The stock had previously closed at $77.45.

Several brokerages have recently issued reports on KLAC. JPMorgan Chase & Co. raised their target price on shares of KLA-Tencor Corp. from $79.50 to $84.50 and gave the company an “overweight” rating in a research note on Friday. B. Riley reaffirmed a “neutral” rating and issued a $72.00 target price on shares of KLA-Tencor Corp. in a research note on Wednesday, April 27th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $82.00 target price on shares of KLA-Tencor Corp. in a research note on Friday. Pacific Crest reaffirmed a “hold” rating on shares of KLA-Tencor Corp. in a research note on Friday. Finally, Zacks Investment Research raised shares of KLA-Tencor Corp. from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research note on Friday, April 29th. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $73.38.

The firm has a market cap of $11.79 billion and a P/E ratio of 16.86. The stock’s 50 day moving average price is $74.19 and its 200-day moving average price is $70.45.

KLA-Tencor Corp. (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.35. During the same period in the prior year, the company earned $0.99 EPS. The firm earned $919.17 million during the quarter, compared to analyst estimates of $842.10 million. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Analysts predict that KLA-Tencor Corp. will post $4.82 EPS for the current fiscal year.

In related news, CFO Bren D. Higgins sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total value of $26,219.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bobby R. Bell sold 6,343 shares of the company’s 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 completion of the sale, the executive vice president now owns 348 shares in the company, valued at $24,074.64. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Advantus Capital Management Inc boosted its stake 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 valued at $1,044,000 after buying an additional 478 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake 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 valued at $1,156,000 after buying an additional 6,627 shares during the last quarter. Bailard Inc. bought a new stake in shares of KLA-Tencor Corp. during the fourth quarter valued at approximately $1,366,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake 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 valued at $1,451,000 after buying an additional 947 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 valued at $1,875,000 after buying an additional 16,920 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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