Colony Group LLC acquired a new stake in KLA-Tencor Corporation (NASDAQ:KLAC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,430 shares of the semiconductor company’s stock, valued at approximately $5,164,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KLAC. Sun Life Financial INC increased its stake in KLA-Tencor Corporation by 14,300.0% during the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,144 shares during the period. Grove Bank & Trust increased its stake in KLA-Tencor Corporation by 30.2% during the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares during the period. Invictus RG purchased a new stake in KLA-Tencor Corporation during the first quarter worth about $202,000. Checchi Capital Advisers LLC increased its stake in KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares during the period. Finally, IBM Retirement Fund increased its stake in KLA-Tencor Corporation by 33.6% during the second quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 584 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) downgraded KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $108.00 to $97.00 in a report on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $102.00 price target (up from $92.00) on shares of KLA-Tencor Corporation in a report on Monday, June 19th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $99.68.

In other KLA-Tencor Corporation news, SVP Brian Lorig sold 526 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total transaction of $48,839.10. Following the completion of the transaction, the senior vice president now owns 1,092 shares in the company, valued at approximately $101,392.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total value of $446,940.36. Following the transaction, the insider now owns 8,908 shares of the company’s stock, valued at approximately $939,883.08. The disclosure for this sale can be found here. Insiders have sold a total of 84,512 shares of company stock valued at $7,726,826 in the last quarter. 0.20% of the stock is currently owned by insiders.

Shares of KLA-Tencor Corporation (KLAC) traded up 0.80% during midday trading on Friday, hitting $105.66. The company had a trading volume of 345,165 shares. KLA-Tencor Corporation has a 12 month low of $71.11 and a 12 month high of $109.59. The stock’s 50-day moving average price is $98.87 and its 200-day moving average price is $97.96. The company has a market cap of $16.57 billion, a price-to-earnings ratio of 17.97 and a beta of 1.68.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. During the same quarter in the previous year, the firm posted $1.77 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that KLA-Tencor Corporation will post $6.74 EPS for the current year.

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About KLA-Tencor Corporation

KLA-Tencor Corporation (KLA-Tencor) 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 a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

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Institutional Ownership by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

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