Algert Global buys $3,477,833 stake in KLA-Tencor Corp (KLAC)

KLA-Tencor Corp (KLAC) : Algert Global scooped up 25,677 additional shares in KLA-Tencor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 48,043 shares of KLA-Tencor Corp which is valued at $3,477,833.KLA-Tencor Corp makes up approximately 1.02% of Algert Global’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in KLAC by selling 80 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 31,914 shares of KLAC which is valued at $2,310,254. KLA-Tencor Corp makes up approx 0.03% of Nisa Investment Advisors’s portfolio.Hefty Wealth Partners boosted its stake in KLAC in the latest quarter, The investment management firm added 652 additional shares and now holds a total of 14,623 shares of KLA-Tencor Corp which is valued at $1,041,304. KLA-Tencor Corp makes up approx 0.79% of Hefty Wealth Partners’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in KLAC by selling 8,674 shares or 18.62% in the most recent quarter. The Hedge Fund company now holds 37,906 shares of KLAC which is valued at $2,699,286. KLA-Tencor Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

KLA-Tencor Corp closed down -1.15 points or -1.56% at $72.39 with 38,04,966 shares getting traded on Tuesday. Post opening the session at $73.5, the shares hit an intraday low of $72.11 and an intraday high of $73.67 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. Needham Upgraded KLA-Tencor Corp on Oct 7, 2016 to ” Buy”, Price Target of the shares are set at $84.KLA-Tencor Corp was Upgraded by Credit Suisse to ” Outperform” on Sep 13, 2016. 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 .

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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