Is KLA-Tencor Corp a Buy? The Stock Had Bullish Options Activity Today

 Is KLA Tencor Corp a Buy? The Stock Had Bullish Options Activity Today

In today’s session KLA-Tencor Corp (KLAC) registered an unusually high (252) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious KLAC increase. With 252 contracts traded and 48684 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: KLAC161118C00070000 closed last at: $6.1 or 4.7% down. About 304,119 shares traded hands. KLA-Tencor Corp (NASDAQ:KLAC) has risen 4.75% since April 8, 2016 and is uptrending. It has underperformed by 0.90% the S&P500.

KLA-Tencor Corp (NASDAQ:KLAC) Ratings Coverage

Out of 13 analysts covering KLA-Tencor Corporation (NASDAQ:KLAC), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. $86 is the highest target while $51 is the lowest. The $68 average target is -9.26% below today’s ($74.94) stock price. KLA-Tencor Corporation has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Friday, October 9. The rating was upgraded by CLSA on Friday, September 25 to “Outperform”. The firm earned “Outperform” rating on Friday, September 25 by Credit Agricole. The stock has “Neutral” rating given by UBS on Thursday, October 22. The stock of KLA-Tencor Corp (NASDAQ:KLAC) has “Outperform” rating given on Tuesday, September 13 by Credit Suisse. The firm has “Neutral” rating by Piper Jaffray given on Thursday, October 22. On Monday, August 29 the stock rating was upgraded by Cowen & Co to “Outperform”. The rating was maintained by B. Riley & Co on Thursday, October 22 with “Neutral”. RBC Capital Markets maintained it with “Sector Perform” rating and $51 target price in Friday, July 31 report. As per Thursday, October 22, the company rating was downgraded by Needham.

According to Zacks Investment Research, “KLA-Tencor Corporation is one of the world’s leading suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Its comprehensive portfolio of products, software, analysis, services and expertise is designed to help integrated circuit manufacturers manage yield throughout the entire wafer fabrication process.”

Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.49, from 0.84 in 2016Q1. The ratio improved, as 37 funds sold all KLA-Tencor Corp shares owned while 95 reduced positions. 47 funds bought stakes while 128 increased positions. They now own 126.45 million shares or 3.07% less from 130.45 million shares in 2016Q1.
The Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.04% in KLA-Tencor Corp (NASDAQ:KLAC). Korea Invest accumulated 0.04% or 89,800 shares. Fin Architects has 0.01% invested in the company for 681 shares. Aberdeen Asset Mgmt Public Ltd Liability Com Uk holds 0.01% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC) for 34,743 shares. Invesco holds 0.01% or 386,633 shares in its portfolio. Next Gp accumulated 1,150 shares or 0.03% of the stock. Wetherby Asset Mgmt reported 2,829 shares or 0.05% of all its holdings. The Maryland-based Hussman Strategic Advsr has invested 1.12% in KLA-Tencor Corp (NASDAQ:KLAC). New Mexico Educational Retirement Board last reported 0.06% of its portfolio in the stock. Guggenheim Capital Ltd Llc has invested 0.12% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC). Jefferies Group Inc Inc Ltd Co accumulated 30,849 shares or 0.01% of the stock. Whittier Trust Com holds 0% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC) for 977 shares. Blackrock Japan Com last reported 201,577 shares in the company. Geode Cap Ltd Liability Com last reported 1.31M shares in the company. Yakira Cap Mngmt Incorporated last reported 7.38% of its portfolio in the stock.

Insider Transactions: Since July 5, 2016, the stock had 0 buys, and 7 insider sales for $4.44 million net activity. $596,543 worth of KLA-Tencor Corp (NASDAQ:KLAC) was sold by Kirloskar Virendra A. $604,713 worth of KLA-Tencor Corp (NASDAQ:KLAC) shares were sold by Trafas Brian M.. $1.47M worth of shares were sold by Kirk Michael on Tuesday, October 25. 7,682 shares were sold by Bell Bobby R, worth $572,109 on Tuesday, October 25. Another trade for 4,812 shares valued at $360,631 was made by Higgins Bren D. on Tuesday, October 25. Another trade for 10,775 shares valued at $806,196 was sold by Khan Ahmad A..

KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company has a market cap of $11.71 billion. 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. It has a 15.07 P/E ratio. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world.

KLAC Company Profile

KLA-Tencor Corporation (KLA-Tencor), incorporated on July 9, 1975, 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. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world. These clients 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. The Company’s inspection and metrology products and related offerings are categorized in various groups, including Chip Manufacturing, Wafer Manufacturing, Reticle Manufacturing, LED, Power Device and Compound Semiconductor Manufacturing, Data Storage Media/Head Manufacturing, Microelectromechanical Systems (MEMS) Manufacturing, and General Purpose/Lab Applications. It also provides refurbished KLA-Tencor tools as service and support for its products.

Another recent and important KLA-Tencor Corp (NASDAQ:KLAC) news was published by Valuewalk.com which published an article titled: “Analysis Of KLA-Tencor Corp (KLAC) Dividend Increase” on November 08, 2016.

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