Intellectus Partners LLC Grows Position in KLA-Tencor Corp (NASDAQ:KLAC)

Intellectus Partners LLC increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 68.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,731 shares of the semiconductor company’s stock after buying an additional 4,349 shares during the quarter. Intellectus Partners LLC’s holdings in KLA-Tencor were worth $1,711,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hexavest Inc. acquired a new stake in KLA-Tencor during the 2nd quarter worth approximately $28,000. Valeo Financial Advisors LLC lifted its holdings in shares of KLA-Tencor by 560.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 297 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of KLA-Tencor in the 2nd quarter valued at approximately $47,000. Princeton Global Asset Management LLC acquired a new stake in shares of KLA-Tencor in the 2nd quarter valued at approximately $48,000. Finally, TD Capital Management LLC acquired a new stake in shares of KLA-Tencor in the 2nd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 87.68% of the company’s stock.

Several research firms have recently commented on KLAC. Needham & Company LLC reissued a “hold” rating on shares of KLA-Tencor in a report on Wednesday, September 18th. Credit Suisse Group raised their price target on KLA-Tencor from $130.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. ValuEngine cut KLA-Tencor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank raised their price target on KLA-Tencor from $120.00 to $133.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, KeyCorp raised their price target on KLA-Tencor from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. KLA-Tencor has an average rating of “Buy” and a consensus target price of $154.23.

NASDAQ KLAC traded up $1.79 during mid-day trading on Friday, hitting $159.19. The stock had a trading volume of 10,740 shares, compared to its average volume of 1,651,544. KLA-Tencor Corp has a 52-week low of $80.65 and a 52-week high of $162.68. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.40 and a beta of 1.71. The company has a 50 day simple moving average of $152.33 and a 200 day simple moving average of $128.83. The company has a quick ratio of 1.73, a current ratio of 2.44 and a debt-to-equity ratio of 1.19.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $2.22 EPS. KLA-Tencor’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities analysts anticipate that KLA-Tencor Corp will post 9.5 earnings per share for the current fiscal year.

In other news, CFO Bren D. Higgins sold 6,751 shares of KLA-Tencor stock in a transaction on Friday, September 20th. The stock was sold at an average price of $158.01, for a total value of $1,066,725.51. Following the completion of the sale, the chief financial officer now owns 1,692 shares of the company’s stock, valued at $267,352.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Virendra A. Kirloskar sold 1,579 shares of KLA-Tencor stock in a transaction on Monday, August 5th. The shares were sold at an average price of $130.10, for a total value of $205,427.90. The disclosure for this sale can be found here. Insiders have sold 49,284 shares of company stock valued at $6,893,570 in the last three months. 0.19% of the stock is currently owned by company insiders.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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