Paloma Partners Management Co buys $34,481,741 stake in KLA-Tencor Corp (KLAC)

KLA-Tencor Corp (KLAC) : Paloma Partners Management Co scooped up 407,515 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 15, 2016. The investment management firm now holds a total of 505,005 shares of KLA-Tencor Corp which is valued at $34,481,741.KLA-Tencor Corp makes up approximately 1.33% of Paloma Partners Management Co’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in KLAC in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 58,480 shares of KLA-Tencor Corp which is valued at $3,993,014. KLA-Tencor Corp makes up approx 0.05% of Arizona State Retirement System’s portfolio. Nuveen Asset Management sold out all of its stake in KLAC during the most recent quarter. The investment firm sold 10,862 shares of KLAC which is valued $741,657.Aperio Group boosted its stake in KLAC in the latest quarter, The investment management firm added 1,940 additional shares and now holds a total of 59,640 shares of KLA-Tencor Corp which is valued at $4,072,219. KLA-Tencor Corp makes up approx 0.03% of Aperio Group’s portfolio.Glenmede Trust Co Na boosted its stake in KLAC in the latest quarter, The investment management firm added 356 additional shares and now holds a total of 11,972 shares of KLA-Tencor Corp which is valued at $929,386. KLA-Tencor Corp makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.Capital Fund Management S.a. reduced its stake in KLAC by selling 119 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 16,576 shares of KLAC which is valued at $1,276,352. KLA-Tencor Corp makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.

KLA-Tencor Corp opened for trading at $69.56 and hit $70.77 on the upside on Thursday, eventually ending the session at $70.74, with a gain of 2.14% or 1.48 points. The heightened volatility saw the trading volume jump to 19,35,572 shares. Company has a market cap of $11,035 M.

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 Upgraded by Cowen on Aug 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $79 .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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