Bowling Portfolio Management LLC Sells 14,907 Shares of KLA-Tencor Corp (KLAC)

Bowling Portfolio Management LLC reduced its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 43.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,754 shares of the semiconductor company’s stock after selling 14,907 shares during the period. Bowling Portfolio Management LLC’s holdings in KLA-Tencor were worth $2,009,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KLAC. Ladenburg Thalmann Financial Services Inc. lifted its holdings in KLA-Tencor by 6.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,543 shares of the semiconductor company’s stock valued at $822,000 after purchasing an additional 477 shares during the last quarter. Donaldson Capital Management LLC lifted its holdings in KLA-Tencor by 2.7% during the 2nd quarter. Donaldson Capital Management LLC now owns 18,524 shares of the semiconductor company’s stock valued at $1,899,000 after purchasing an additional 481 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in KLA-Tencor by 7.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,430 shares of the semiconductor company’s stock valued at $762,000 after purchasing an additional 501 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in KLA-Tencor by 41.1% during the 2nd quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 534 shares during the last quarter. Finally, Boltwood Capital Management lifted its holdings in KLA-Tencor by 6.0% during the 3rd quarter. Boltwood Capital Management now owns 10,375 shares of the semiconductor company’s stock valued at $1,055,000 after purchasing an additional 585 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

In other KLA-Tencor news, CFO Bren D. Higgins sold 1,418 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $106.64, for a total value of $151,215.52. Following the completion of the transaction, the chief financial officer now directly owns 1,669 shares of the company’s stock, valued at $177,982.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard P. Wallace sold 14,207 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $118.49, for a total transaction of $1,683,387.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,880 shares of company stock valued at $6,075,839. Insiders own 0.20% of the company’s stock.

Several equities analysts recently issued reports on KLAC shares. Zacks Investment Research downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub downgraded shares of KLA-Tencor from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Citigroup cut their price target on shares of KLA-Tencor from $128.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Evercore ISI raised shares of KLA-Tencor from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a report on Tuesday, September 4th. Finally, ValuEngine downgraded shares of KLA-Tencor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $136.14.

Shares of NASDAQ KLAC opened at $91.34 on Friday. KLA-Tencor Corp has a 1-year low of $90.90 and a 1-year high of $123.96. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 1.12 and a beta of 1.57. The company has a quick ratio of 2.97, a current ratio of 3.73 and a debt-to-equity ratio of 1.38.

KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Monday, July 30th. The semiconductor company reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.08. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts anticipate that KLA-Tencor Corp will post 9.28 earnings per share for the current year.

KLA-Tencor Company Profile

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.

Featured Story: Asset Allocation, Balancing Your Investments

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).

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

Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply