Ardevora Asset Management LLP Has $36.26 Million Position in KLA-Tencor Corp (KLAC)

Ardevora Asset Management LLP increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 15.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 356,504 shares of the semiconductor company’s stock after purchasing an additional 48,000 shares during the period. KLA-Tencor makes up about 1.0% of Ardevora Asset Management LLP’s portfolio, making the stock its 26th biggest holding. Ardevora Asset Management LLP’s holdings in KLA-Tencor were worth $36,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of KLA-Tencor by 1.1% during the 2nd quarter. BlackRock Inc. now owns 11,347,610 shares of the semiconductor company’s stock worth $1,163,470,000 after acquiring an additional 118,632 shares in the last quarter. Boston Partners boosted its position in shares of KLA-Tencor by 1.4% during the 2nd quarter. Boston Partners now owns 2,092,922 shares of the semiconductor company’s stock worth $214,588,000 after acquiring an additional 29,020 shares in the last quarter. Bank of America Corp DE boosted its position in KLA-Tencor by 21.1% in the second quarter. Bank of America Corp DE now owns 1,184,086 shares of the semiconductor company’s stock valued at $121,405,000 after buying an additional 206,616 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in KLA-Tencor by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,007,292 shares of the semiconductor company’s stock valued at $103,278,000 after buying an additional 27,073 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in KLA-Tencor by 63.0% in the second quarter. Schroder Investment Management Group now owns 1,005,470 shares of the semiconductor company’s stock valued at $102,367,000 after buying an additional 388,591 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

KLAC has been the topic of a number of research analyst reports. Evercore ISI upgraded shares of KLA-Tencor from an “in-line” rating to an “outperform” rating and raised their target price for the company from $130.00 to $140.00 in a research report on Tuesday, September 4th. Citigroup cut their target price on shares of KLA-Tencor from $128.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, September 25th. Zacks Investment Research lowered shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. BidaskClub lowered shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Finally, ValuEngine lowered shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. KLA-Tencor presently has an average rating of “Hold” and a consensus price target of $129.54.

In other news, CFO Bren D. Higgins sold 2,609 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $116.55, for a total transaction of $304,078.95. Following the completion of the transaction, the chief financial officer now owns 13,089 shares of the company’s stock, valued at $1,525,522.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 1,418 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $106.64, for a total transaction of $151,215.52. Following the transaction, the chief financial officer now directly owns 1,669 shares of the company’s stock, valued at approximately $177,982.16. The disclosure for this sale can be found here. Insiders have sold 51,880 shares of company stock valued at $6,075,839 in the last ninety days. Insiders own 0.19% of the company’s stock.

Shares of KLAC stock traded up $5.46 during trading hours on Tuesday, hitting $90.59. 94,255 shares of the company’s stock traded hands, compared to its average volume of 1,895,286. The company has a market capitalization of $13.50 billion, a P/E ratio of 11.33, a PEG ratio of 2.25 and a beta of 1.57. KLA-Tencor Corp has a 12 month low of $84.59 and a 12 month high of $123.96. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.97 and a current ratio of 3.73.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.25. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. As a group, sell-side analysts forecast that KLA-Tencor Corp will post 9.06 earnings per share for the current fiscal year.

About KLA-Tencor

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.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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