Yakira Capital Management Lowers stake in KLA-Tencor Corp (KLAC)

KLA-Tencor Corp (KLAC) : Yakira Capital Management reduced its stake in KLA-Tencor Corp by 7.65% during the most recent quarter end. The investment management company now holds a total of 207,649 shares of KLA-Tencor Corp which is valued at $14.2 Million after selling 17,200 shares in KLA-Tencor Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.KLA-Tencor Corp makes up approximately 5.43% of Yakira Capital Management’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp sold out all of its stake in KLAC during the most recent quarter. The investment firm sold 38,067 shares of KLAC which is valued $2.6 Million.Shell Asset Management Co reduced its stake in KLAC by selling 1,792 shares or 22.85% in the most recent quarter. The Hedge Fund company now holds 6,049 shares of KLAC which is valued at $414,961. KLA-Tencor Corp makes up approx 0.01% of Shell Asset Management Co’s portfolio. Orinda Asset Management sold out all of its stake in KLAC during the most recent quarter. The investment firm sold 9,252 shares of KLAC which is valued $641,719.Schwab Charles Investment Management Inc boosted its stake in KLAC in the latest quarter, The investment management firm added 7,198 additional shares and now holds a total of 566,144 shares of KLA-Tencor Corp which is valued at $39.3 Million. KLA-Tencor Corp makes up approx 0.05% of Schwab Charles Investment Management Inc’s portfolio.

KLA-Tencor Corp opened for trading at $71.01 and hit $71.77 on the upside on Wednesday, eventually ending the session at $71.73, with a gain of 1.04% or 0.74 points. The heightened volatility saw the trading volume jump to 7,09,372 shares. Company has a market cap of $11,169 M.

On the company’s financial health, KLA-Tencor Corp reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.97. The company had revenue of $712.00 million for the quarter, compared to analysts expectations of $721.06 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on KLA-Tencor Corp. Company shares were Reiterated by Cowen on Apr 27, 2016 to “Market Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .

KLA-Tencor Corporation 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 various other industries including the light emitting diode (LED) and data storage industries as well as general materials research. KLA-Tencor’s products and services are used by bare wafer integrated circuit (IC) lithography reticle and disk manufacturers around the world. These customers turn to the Company for inline wafer and IC defect monitoring review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness surface topography and composition measurements; measurement of in-chamber process conditions wafer shape and stress metrology; computational lithography tools and overall yield and fab-wide data management and analysis systems.

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