Yakira Capital Management buys $18,172,654 stake in KLA-Tencor Corp (KLAC)

KLA-Tencor Corp (KLAC) : Yakira Capital Management scooped up 58,500 additional shares in KLA-Tencor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 266,149 shares of KLA-Tencor Corp which is valued at $18,172,654.KLA-Tencor Corp makes up approximately 6.92% of Yakira Capital Management’s portfolio.

Other Hedge Funds, Including , Btg Pactual Global Asset Management Ltd sold out all of its stake in KLAC during the most recent quarter. The investment firm sold 3,000 shares of KLAC which is valued $204,840. Navellier Associates Inc added KLAC to its portfolio by purchasing 2,881 company shares during the most recent quarter which is valued at $219,215. KLA-Tencor Corp makes up approx 0.03% of Navellier Associates Inc’s portfolio.Gateway Investment Advisers reduced its stake in KLAC by selling 473 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 12,564 shares of KLAC which is valued at $949,210. KLA-Tencor Corp makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

KLA-Tencor Corp closed down -2.47 points or -3.50% at $68.05 with 24,41,822 shares getting traded on Tuesday. Post opening the session at $70.76, the shares hit an intraday low of $67.71 and an intraday high of $71.135 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KLA-Tencor Corp reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.42. The company had revenue of $919.17 million for the quarter, compared to analysts expectations of $842.10 million. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on KLA-Tencor Corp. Company shares were Reiterated by Cowen on Jul 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 79 from a previous price target of $70 .

KLA-Tencor Corporation 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 various other industries including the light emitting diode (LED) and data storage industries as well as general materials research. KLA-Tencor’s products and services are used by bare wafer integrated circuit (IC) lithography reticle and disk manufacturers around the world. These customers turn to the Company for inline wafer and IC defect monitoring review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness surface topography and composition measurements; measurement of in-chamber process conditions wafer shape and stress metrology; computational lithography tools and overall yield and fab-wide data management and analysis systems.

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