PNC Financial Services Group Inc. trimmed its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,793 shares of the semiconductor company’s stock after selling 220 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KLA-Tencor Corporation were worth $1,171,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its stake in shares of KLA-Tencor Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 14 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of KLA-Tencor Corporation by 0.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after purchasing an additional 18 shares during the period. Palo Capital Inc. raised its stake in shares of KLA-Tencor Corporation by 0.5% during the 2nd quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock valued at $739,000 after purchasing an additional 37 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares during the period. Finally, Cleararc Capital Inc. raised its stake in shares of KLA-Tencor Corporation by 1.5% during the 1st quarter. Cleararc Capital Inc. now owns 3,845 shares of the semiconductor company’s stock valued at $366,000 after purchasing an additional 58 shares during the period. Institutional investors own 89.16% of the company’s stock.

A number of analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $108.00 to $97.00 in a research note on Wednesday, September 13th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, September 1st. Credit Suisse Group reiterated an “outperform” rating on shares of KLA-Tencor Corporation in a research note on Thursday, August 31st. Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $103.00 to $106.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Finally, BidaskClub lowered KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $99.68.

In other news, CFO Bren D. Higgins sold 314 shares of KLA-Tencor Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total value of $29,154.90. Following the sale, the chief financial officer now directly owns 314 shares of the company’s stock, valued at $29,154.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ahmad A. Khan sold 4,066 shares of KLA-Tencor Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the sale, the executive vice president now directly owns 5,489 shares in the company, valued at $489,344.35. The disclosure for this sale can be found here. Insiders sold 84,512 shares of company stock worth $7,726,826 over the last ninety days. Insiders own 0.20% of the company’s stock.

KLA-Tencor Corporation (NASDAQ:KLAC) opened at 102.47 on Friday. KLA-Tencor Corporation has a 12-month low of $70.72 and a 12-month high of $109.59. The stock has a market capitalization of $16.07 billion, a PE ratio of 17.43 and a beta of 1.68. The stock has a 50 day moving average price of $97.29 and a 200-day moving average price of $97.70.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same period in the previous year, the firm posted $1.77 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.

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KLA-Tencor Corporation Company Profile

KLA-Tencor Corporation (KLA-Tencor) 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 a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

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

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