Grimes & Company INC Stake in Kla (KLAC) Has Raised as Shares Declined

September 30, 2018 - By Jack Shaw

KLA-Tencor Corporation (NASDAQ:KLAC) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.20, from 1.16 in 2018Q1. It dropped, as 37 investors sold KLAC shares while 193 reduced holdings. 69 funds opened positions while 151 raised stakes. 139.20 million shares or 1.03% more from 137.77 million shares in 2018Q1 were reported. Oregon Public Employees Retirement Fund invested in 40,184 shares or 0.06% of the stock. Rhumbline Advisers reported 300,878 shares. Andra Ap invested in 63,400 shares or 0.18% of the stock. Ledyard Fincl Bank, New Hampshire-based fund reported 1,420 shares. Alkeon Cap Management Ltd Liability owns 10,000 shares for 0% of their portfolio. Amalgamated Bank has invested 0.06% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC). Amica Mutual accumulated 0.07% or 5,972 shares. Aperio Grp Ltd stated it has 0.04% in KLA-Tencor Corporation (NASDAQ:KLAC). Estabrook Cap Mngmt owns 0% invested in KLA-Tencor Corporation (NASDAQ:KLAC) for 44 shares. Us Retail Bank De owns 49,588 shares. Wellington Group Limited Liability Partnership reported 8.08 million shares. State Common Retirement Fund has invested 0.04% in KLA-Tencor Corporation (NASDAQ:KLAC). Apg Asset Mngmt Nv has invested 0.12% of its portfolio in KLA-Tencor Corporation (NASDAQ:KLAC). Ima Wealth invested in 0% or 45 shares. Citizens And Northern owns 0.56% invested in KLA-Tencor Corporation (NASDAQ:KLAC) for 7,629 shares.

Since July 2, 2018, it had 0 buys, and 9 selling transactions for $2.37 million activity. Lorig Brian had sold 2,547 shares worth $298,930 on Tuesday, September 4. $151,216 worth of KLA-Tencor Corporation (NASDAQ:KLAC) shares were sold by Higgins Bren D.. Shares for $24,407 were sold by Kirloskar Virendra A. The insider Trafas Brian M. sold $24,407. WALLACE RICHARD P had sold 12,308 shares worth $1.44 million.

Grimes & Company Inc increased its stake in Kla (KLAC) by 2414.96% based on its latest 2018Q2 regulatory filing with the SEC. Grimes & Company Inc bought 45,039 shares as the company’s stock declined 8.91% while stock markets rallied. The institutional investor held 46,904 shares of the electronic components company at the end of 2018Q2, valued at $4.81M, up from 1,865 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Kla for a number of months, seems to be bullish on the $15.88B market cap company. The stock increased 0.79% or $0.8 during the last trading session, reaching $101.71. About 2.42M shares traded or 58.43% up from the average. KLA-Tencor Corporation (NASDAQ:KLAC) has risen 5.05% since September 30, 2017 and is uptrending. It has underperformed by 10.57% the S&P500.

Grimes & Company Inc, which manages about $1.63 billion and $1.13 billion US Long portfolio, decreased its stake in Nike Inc. (NYSE:NKE) by 47,151 shares to 68,959 shares, valued at $5.50M in 2018Q2, according to the filing. It also reduced its holding in Vanguard Emerging Markets Stoc (VWO) by 245,902 shares in the quarter, leaving it with 347,308 shares, and cut its stake in Ishares Msci Emerging Markets (EEM).

More notable recent KLA-Tencor Corporation (NASDAQ:KLAC) news were published by: Nasdaq.com which released: “Best ETFs for 2018: Tariffs Batter the VanEck Vectors Semiconductor ETF” on September 27, 2018, also Nasdaq.com with their article: “How to Go Long Micron Safely” published on September 10, 2018, Seekingalpha.com published: “Semi stocks limp towards the weekend” on September 07, 2018. More interesting news about KLA-Tencor Corporation (NASDAQ:KLAC) were released by: Seekingalpha.com and their article: “Micron: Correcting False Headlines And Misconceptions” published on September 10, 2018 as well as Investorplace.com‘s news article titled: “Why Intel Stock Is Still Not a Bargain” with publication date: September 25, 2018.

KLA-Tencor Corporation (NASDAQ:KLAC) Ratings Coverage

Among 11 analysts covering KLA-Tencor (NASDAQ:KLAC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. KLA-Tencor had 15 analyst reports since April 5, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, April 27 report. Citigroup maintained the stock with “Buy” rating in Friday, July 13 report. The firm has “Buy” rating given on Monday, April 30 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, July 31. Deutsche Bank maintained the shares of KLAC in report on Tuesday, June 5 with “Hold” rating. Evercore upgraded KLA-Tencor Corporation (NASDAQ:KLAC) on Tuesday, September 4 to “Outperform” rating. The stock has “Buy” rating by Citigroup on Tuesday, September 25. Needham downgraded KLA-Tencor Corporation (NASDAQ:KLAC) on Friday, June 22 to “Hold” rating. As per Friday, April 27, the company rating was maintained by Credit Suisse. The firm earned “Hold” rating on Friday, April 27 by Susquehanna.

KLA-Tencor Corporation (NASDAQ:KLAC) Institutional Positions Chart

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