Large Inflow of Money Detected in KLA-Tencor Corporation

KLA-Tencor Corporation (KLAC) : Investors lapped up stocks on upticks to the tune of $18.57 million in the Tuesdays trading session. The trading value on downticks was comparatively at $12.84 million and the uptick to downtick ratio of 1.45 indicates continuous buying by the bulls. The net money flow into the stock was $5.73 million. Upticks saw transactions worth $4.12 clearly indicating buying by large investors. The total money flow for block trades stood at $4.12 million, which is a positive for the stock in the long-term. KLA-Tencor Corporation (KLAC) fell $0.37 during the day at $68.36, a drop of -0.54% over the previous days close. However, for the week, the stock is 1.24%, compared to the previous week.


Also, Citigroup maintains its view on KLA-Tencor Corporation (NASDAQ:KLAC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $74 per share to $78 per share on KLA-Tencor Corporation. The rating by the firm was issued on July 29, 2016.

Shares of KLA-Tencor Corporation appreciated by 0.46% during the last five trading days but lost 10.06% on a 4-week basis. KLA-Tencor Corporation has dropped 5.82% during the last 3-month period . Year-to-Date the stock performance stands at 0.88%.

KLA-Tencor Corporation (NASDAQ:KLAC): The stock opened at $68.87 on Tuesday but the bulls could not build on the opening and the stock topped out at $69.03 for the day. The stock traded down to $68.03 during the day, due to lack of any buying support eventually closed down at $68.36 with a loss of -0.54% for the day. The stock had closed at $68.73 on the previous day. The total traded volume was 1,128,562 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Financial Officer) of Kla Tencor Corp, Higgins Bren D. had sold 363 shares worth of $26,219 in a transaction dated July 5, 2016. In this transaction, 363 shares were sold at $72.23 per share.

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.

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