The Manufacturers Life Insurance Company Sells 35,203 Shares of KLA-Tencor Corp (NASDAQ:KLAC)

The Manufacturers Life Insurance Company trimmed its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 16.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,190 shares of the semiconductor company’s stock after selling 35,203 shares during the quarter. The Manufacturers Life Insurance Company owned 0.11% of KLA-Tencor Corp worth $16,215,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Alps Advisors Inc. raised its position in shares of KLA-Tencor Corp by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 14 shares during the period. Contravisory Investment Management Inc. raised its position in shares of KLA-Tencor Corp by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 18 shares during the period. Palo Capital Inc. raised its position in KLA-Tencor Corp by 0.5% in the 2nd quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock valued at $739,000 after buying an additional 37 shares during the last quarter. Checchi Capital Advisers LLC raised its position in KLA-Tencor Corp by 2.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 44 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in KLA-Tencor Corp by 1.9% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 59 shares during the last quarter. 89.03% of the stock is currently owned by institutional investors.

Shares of KLA-Tencor Corp (NASDAQ:KLAC) traded down 2.75% during trading on Friday, hitting $105.86. The company had a trading volume of 871,616 shares. KLA-Tencor Corp has a 52 week low of $73.30 and a 52 week high of $109.59. The firm’s 50 day moving average is $102.45 and its 200-day moving average is $98.73. The stock has a market capitalization of $16.60 billion, a P/E ratio of 18.00 and a beta of 1.68.

KLA-Tencor Corp (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corp had a return on equity of 80.77% and a net margin of 28.97%. KLA-Tencor Corp’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. Equities research analysts anticipate that KLA-Tencor Corp will post $6.75 EPS for the current fiscal year.

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KLAC has been the subject of a number of analyst reports. BidaskClub lowered KLA-Tencor Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Cowen and Company reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corp in a research report on Tuesday, July 11th. B. Riley reaffirmed a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corp in a research report on Friday, July 28th. Credit Suisse Group set a $115.00 price target on KLA-Tencor Corp and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $103.00 price target (up previously from $102.00) on shares of KLA-Tencor Corp in a research note on Sunday, July 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $107.32.

In other KLA-Tencor Corp news, SVP Brian Lorig sold 526 shares of KLA-Tencor Corp stock in a transaction dated 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 sale, the senior vice president now owns 1,092 shares of the company’s stock, valued at approximately $101,392.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 314 shares of KLA-Tencor Corp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total value of $29,154.90. Following the sale, the chief financial officer now directly owns 314 shares of the company’s stock, valued at approximately $29,154.90. The disclosure for this sale can be found here. Insiders have sold a total of 84,512 shares of company stock worth $7,726,826 in the last ninety days. Insiders own 0.20% 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.

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

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