KLA-Tencor Corporation (KLAC) has been under a strong bear grip, hence the stock is down -1.43% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.37% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.87% in the last 1 week, and is up 2.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 4.58%.
KLA-Tencor Corporation (NASDAQ:KLAC): The stock opened at $75.38 on Friday but the bulls could not build on the opening and the stock topped out at $75.58 for the day. The stock traded down to $74.96 during the day, due to lack of any buying support eventually closed down at $75.13 with a loss of -0.12% for the day. The stock had closed at $75.22 on the previous day. The total traded volume was 1,643,886 shares.
The company Insiders own 0.2% of KLA-Tencor Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -95.07% . Institutional Investors own 87.86% of KLA-Tencor Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -93.52%. In a related news, Higgins Bren D., officer (EVP & Chief Financial Officer) of Kla Tencor Corp, unloaded 363 shares at an average price of $72.23 on July 5, 2016. The total amount of the transaction was worth $26,219, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Companys 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-Tencors 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.