K2 Principal Fund buys $7,481,508 stake in KLA-Tencor Corp (KLAC)

KLA-Tencor Corp (KLAC) : K2 Principal Fund scooped up 102,367 additional shares in KLA-Tencor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 109,571 shares of KLA-Tencor Corp which is valued at $7,481,508.KLA-Tencor Corp makes up approximately 1.74% of K2 Principal Fund’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in KLAC by selling 18,770 shares or 8.5% in the most recent quarter. The Hedge Fund company now holds 201,975 shares of KLAC which is valued at $13,790,853. KLA-Tencor Corp makes up approx 0.05% of State Of Wisconsin Investment Board’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in KLAC by selling 19,205 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 3,965,861 shares of KLAC which is valued at $270,788,989. KLA-Tencor Corp makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio.Ubs Asset Management Americas Inc boosted its stake in KLAC in the latest quarter, The investment management firm added 176,960 additional shares and now holds a total of 587,273 shares of KLA-Tencor Corp which is valued at $39,646,800. KLA-Tencor Corp makes up approx 0.04% of Ubs Asset Management Americas Inc’s portfolio. Lmr Partners Llp sold out all of its stake in KLAC during the most recent quarter. The investment firm sold 70,000 shares of KLAC which is valued $5,299,700.

KLA-Tencor Corp closed down -2.47 points or -3.50% at $68.05 with 24,41,822 shares getting traded on Tuesday. Post opening the session at $70.76, the shares hit an intraday low of $67.71 and an intraday high of $71.135 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KLA-Tencor Corp reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.42. The company had revenue of $919.17 million for the quarter, compared to analysts expectations of $842.10 million. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on KLA-Tencor Corp. Company shares were Reiterated by Cowen on Jul 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 79 from a previous price target of $70 .

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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