Cullinan Associates Inc. Has $1.08 Million Position in KLA-Tencor Corp (KLAC)

Cullinan Associates Inc. lowered its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,100 shares of the semiconductor company’s stock after selling 1,700 shares during the quarter. Cullinan Associates Inc.’s holdings in KLA-Tencor were worth $1,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in KLA-Tencor by 0.6% during the third quarter. Vanguard Group Inc. now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after purchasing an additional 103,504 shares during the period. Vanguard Group Inc grew its holdings in KLA-Tencor by 0.6% during the third quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after purchasing an additional 103,504 shares during the period. BlackRock Inc. grew its holdings in KLA-Tencor by 0.8% during the third quarter. BlackRock Inc. now owns 11,443,896 shares of the semiconductor company’s stock valued at $1,163,958,000 after purchasing an additional 96,286 shares during the period. FIL Ltd grew its holdings in KLA-Tencor by 23.3% during the third quarter. FIL Ltd now owns 2,418,727 shares of the semiconductor company’s stock valued at $246,009,000 after purchasing an additional 456,511 shares during the period. Finally, Deutsche Bank AG grew its holdings in KLA-Tencor by 86.7% during the third quarter. Deutsche Bank AG now owns 1,386,302 shares of the semiconductor company’s stock valued at $140,997,000 after purchasing an additional 643,848 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Shares of KLAC opened at $94.03 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.69 and a current ratio of 3.45. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $123.96. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.42 and a beta of 1.52.



KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.25. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a net margin of 22.05% and a return on equity of 93.99%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Analysts anticipate that KLA-Tencor Corp will post 9.16 earnings per share for the current year.

A number of brokerages recently issued reports on KLAC. Zacks Investment Research restated a “sell” rating on shares of KLA-Tencor in a report on Tuesday, November 13th. BidaskClub cut shares of KLA-Tencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Cowen set a $120.00 price target on shares of KLA-Tencor and gave the company an “outperform” rating in a research note on Tuesday, October 30th. B. Riley lifted their price target on shares of KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, ValuEngine raised shares of KLA-Tencor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. KLA-Tencor has a consensus rating of “Hold” and an average target price of $129.54.

In other news, SVP Virendra A. Kirloskar sold 632 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $93.74, for a total value of $59,243.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teri A. Little sold 2,525 shares of the business’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $95.00, for a total transaction of $239,875.00. Following the completion of the sale, the executive vice president now directly owns 7,127 shares in the company, valued at approximately $677,065. The disclosure for this sale can be found here. In the last three months, insiders sold 13,540 shares of company stock worth $1,277,292. 0.19% of the stock is currently owned by insiders.

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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.

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

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