Published: Tue, March 20, 2018
People | By Leon Thompson

Silicon Valley's KLA-Tencor Pays $3.4B For Orbotech


Institutional investors own 91.26% of the company's stock. Highbridge Capital Management LLC purchased a new stake in KLA-Tencor during the 3rd quarter worth approximately $212,000. The stock decreased 0.16% or $0.19 during the last trading session, reaching $120.62. WALLACE RICHARD P sold $1.46 million worth of stock or 13,299 shares.

KLA-Tencor shares were recently trading down almost 3% at $117.36, with a consensus price target of $126.64 and a 52-week range of $87.93 to $123.96. It has outperformed by 33.24% the S&P500. Edge Advisors LLC now owns 1,993 shares of the semiconductor company's stock valued at $211,000 after buying an additional 872 shares during the last quarter. The State Of Alaska Department Of Revenue holds 24,583 shares with $2.60 million value, up from 15,853 last quarter. The company has a market capitalization of $18,921.27, a price-to-earnings ratio of 29.07 and a beta of 1.43. On the other hand, company insiders are holding 0.20%. About 1.75M shares traded or 23.11% up from the average. Commonwealth Equity Services Inc accumulated 0% or 4,862 shares. KLA-Tencor Corporation (NASDAQ:KLAC) has risen 49.94% since March 19, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

"I firmly believe that this deal benefits our employees and creates additional value for our shareholders", he said. It also increased its holding in Goldman Sachs (NYSE:GS) by 1,902 shares in the quarter, for a total of 161,124 shares, and has risen its stake in Fedex Corp (NYSE:FDX). Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Therefore 68% are positive. Argus started coverage on KLA-Tencor in a research report on Wednesday, November 29th. The firm has "Buy" rating by B. Riley & Co given on Friday, July 28. The rating was maintained by Jefferies on Thursday, June 8 with "Hold". On Friday, March 11 the stock rating was maintained by Deutsche Bank with "Buy". Nomura upgraded the stock to "Buy" rating in Tuesday, September 22 report. Oppenheimer maintained the shares of NXPI in report on Thursday, August 3 with "Hold" rating. Keefe Bruyette & Woods maintained Brookfield Asset Management Inc. The stock has "Buy" rating by Stifel Nicolaus on Monday, August 7. This represents a $3.00 dividend on an annualized basis and a yield of 2.49%. Trafas Brian M. sold 47 shares worth $5,235. KLA-Tencor Corporation's stock price now sits at $120.62. Shares for $96,434 were sold by Higgins Bren D. on Thursday, March 1. The insider Bell Bobby R sold $446,938. On Thursday, February 1 Higashi Emiko sold $54,635 worth of KLA-Tencor Corporation (NASDAQ:KLAC) or 500 shares.

Still Listen to Stock Analysts? - Delta Air Lines, Inc. (DAL)
Want to see what other hedge funds are holding DAL? Fjarde Ap reported 0.05% of its portfolio in Apache Corporation (NYSE:APA). The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. (NYSE:LCI) for 286 shares.

Cookson Peirce & Co Inc, which manages about $632.80M and $967.19M US Long portfolio, upped its stake in Nextera Energy Inc (NYSE:NEE) by 17,500 shares to 87,500 shares, valued at $12.82 million in 2017Q3, according to the filing.

Crestline Management LP bought a new stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) during the 4th quarter, HoldingsChannel.com reports. Therefore 22% are positive. Boston Prtnrs stated it has 0.33% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC). Needham & Company LLC downgraded KLA-Tencor from a "strong-buy" rating to a "buy" rating and set a $130.00 price objective on the stock.in a report on Monday, January 8th. It is negative, as 47 investors sold KLAC shares while 165 reduced holdings. The rating was upgraded by Credit Suisse on Wednesday, December 7 to "Neutral". As per Thursday, October 13, the company rating was downgraded by Barclays Capital. This combination will open new market opportunities for KLA-Tencor, and expands our portfolio serving the semiconductor industry. The firm earned "Buy" rating on Friday, July 28 by B. Riley & Co.

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