Sonora Investment Management LLC Boosts Stake in KLA-Tencor Corp (NASDAQ:KLAC)
Sonora Investment Management LLC lifted its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 25.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,066 shares of the semiconductor company’s stock after buying an additional 4,865 shares during the period. Sonora Investment Management LLC’s holdings in KLA-Tencor were worth $2,845,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of KLA-Tencor in the fourth quarter worth about $157,620,000. Swiss National Bank lifted its stake in shares of KLA-Tencor by 7.5% in the first quarter. Swiss National Bank now owns 545,826 shares of the semiconductor company’s stock worth $65,177,000 after buying an additional 37,900 shares in the last quarter. Capital Management Associates NY purchased a new position in shares of KLA-Tencor in the first quarter worth about $284,000. Texas Permanent School Fund lifted its stake in shares of KLA-Tencor by 4.4% in the first quarter. Texas Permanent School Fund now owns 32,138 shares of the semiconductor company’s stock worth $3,838,000 after buying an additional 1,349 shares in the last quarter. Finally, Lau Associates LLC lifted its stake in shares of KLA-Tencor by 2.5% in the first quarter. Lau Associates LLC now owns 20,900 shares of the semiconductor company’s stock worth $2,496,000 after buying an additional 500 shares in the last quarter. 88.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KLAC traded up $1.07 during trading on Tuesday, reaching $140.58. 224,781 shares of the company traded hands, compared to its average volume of 1,281,776. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $142.66. The firm has a market cap of $22.55 billion, a PE ratio of 17.57, a PEG ratio of 1.46 and a beta of 1.72. The business’s 50-day moving average is $121.51. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61.
KLAC has been the topic of several research reports. UBS Group reissued a “buy” rating and issued a $25.00 price target on shares of Infineon Technologies in a research note on Tuesday, May 7th. BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Goldman Sachs Group cut shares of Cadence Bancorp from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Monday, July 22nd. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Buy” and an average price target of $133.52.
In related news, EVP Teri A. Little sold 1,500 shares of KLA-Tencor stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $110.38, for a total value of $165,570.00. Following the completion of the transaction, the executive vice president now owns 5,517 shares in the company, valued at $608,966.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ahmad A. Khan sold 3,633 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total transaction of $422,336.25. Following the completion of the transaction, the executive vice president now owns 549 shares of the company’s stock, valued at approximately $63,821.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,407 shares of company stock valued at $621,159. Company insiders own 0.19% of the company’s stock.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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