Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of KLA-Tencor Corp. (NASDAQ:KLAC) by 3.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 447,118 shares of the company’s stock after buying an additional 14,100 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of KLA-Tencor Corp. worth $31,169,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in KLA-Tencor Corp. by 31.4% in the third quarter. Nationwide Fund Advisors now owns 153,669 shares of the company’s stock worth $10,712,000 after buying an additional 36,700 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in KLA-Tencor Corp. during the second quarter worth about $10,987,000. Adage Capital Partners GP L.L.C. boosted its position in KLA-Tencor Corp. by 9.1% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,240,252 shares of the company’s stock worth $90,848,000 after buying an additional 103,300 shares during the period. Chicago Equity Partners LLC boosted its position in KLA-Tencor Corp. by 2.4% in the third quarter. Chicago Equity Partners LLC now owns 127,945 shares of the company’s stock worth $8,919,000 after buying an additional 2,950 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in KLA-Tencor Corp. during the second quarter worth about $461,000. Institutional investors and hedge funds own 87.04% of the company’s stock.
KLA-Tencor Corp. (NASDAQ:KLAC) opened at 81.63 on Thursday. The company has a market capitalization of $12.76 billion, a PE ratio of 16.44 and a beta of 1.60. KLA-Tencor Corp. has a one year low of $62.33 and a one year high of $83.23. The stock’s 50 day moving average is $78.93 and its 200 day moving average is $74.63.
KLAC has been the subject of a number of research reports. Vetr cut KLA-Tencor Corp. from a “strong-buy” rating to a “buy” rating and set a $90.17 target price for the company. in a report on Wednesday. Nomura reiterated a “neutral” rating and set a $75.00 target price (up previously from $67.00) on shares of KLA-Tencor Corp. in a report on Saturday, October 22nd. Cowen and Company increased their target price on KLA-Tencor Corp. from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, October 21st. Goldman Sachs Group Inc. initiated coverage on shares of KLA-Tencor Corp. in a research note on Monday, December 19th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research note on Monday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. KLA-Tencor Corp. currently has an average rating of “Buy” and a consensus target price of $84.14.
In related news, insider Richard P. Wallace sold 35,000 shares of the business’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $79.17, for a total transaction of $2,770,950.00. Following the transaction, the insider now directly owns 75,945 shares in the company, valued at $6,012,565.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 4,812 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $74.94, for a total transaction of $360,611.28. Following the transaction, the chief financial officer now owns 4,610 shares in the company, valued at $345,473.40. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
About KLA-Tencor Corp.
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.
Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp. (NASDAQ:KLAC).