KLA-Tencor Corp (KLAC) Holdings Cut by Cognios Capital LLC
Cognios Capital LLC cut its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 38.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,022 shares of the semiconductor company’s stock after selling 1,290 shares during the quarter. Cognios Capital LLC’s holdings in KLA-Tencor were worth $212,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Daiwa Securities Group Inc. raised its position in shares of KLA-Tencor by 1,464.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 135,793 shares of the semiconductor company’s stock worth $14,268,000 after purchasing an additional 127,113 shares during the period. California Public Employees Retirement System raised its position in shares of KLA-Tencor by 4.4% during the fourth quarter. California Public Employees Retirement System now owns 462,790 shares of the semiconductor company’s stock worth $48,625,000 after purchasing an additional 19,452 shares during the period. Shelton Capital Management raised its position in shares of KLA-Tencor by 283.1% during the fourth quarter. Shelton Capital Management now owns 47,093 shares of the semiconductor company’s stock worth $4,948,000 after purchasing an additional 34,800 shares during the period. ING Groep NV raised its position in shares of KLA-Tencor by 70.5% during the fourth quarter. ING Groep NV now owns 16,835 shares of the semiconductor company’s stock worth $1,769,000 after purchasing an additional 6,959 shares during the period. Finally, Royal Bank of Scotland Group PLC raised its position in shares of KLA-Tencor by 3.4% during the fourth quarter. Royal Bank of Scotland Group PLC now owns 204,656 shares of the semiconductor company’s stock worth $21,503,000 after purchasing an additional 6,698 shares during the period. 90.96% of the stock is currently owned by hedge funds and other institutional investors.
KLAC has been the topic of a number of research reports. KeyCorp raised KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 target price on the stock in a research report on Monday, December 18th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday, December 27th. Needham & Company LLC downgraded KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target for the company. in a report on Monday, January 8th. Stifel Nicolaus upped their price target on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $134.00 price target (up previously from $124.00) on shares of KLA-Tencor in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.54.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. The firm had revenue of $975.82 million during the quarter, compared to the consensus estimate of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. analysts forecast that KLA-Tencor Corp will post 7.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.59 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. KLA-Tencor’s dividend payout ratio (DPR) is presently 56.87%.
In other KLA-Tencor news, CFO Bren D. Higgins sold 3,599 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $365,370.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian M. Trafas sold 1,120 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $110.04, for a total value of $123,244.80. The disclosure for this sale can be found here. Insiders sold a total of 40,830 shares of company stock valued at $4,382,646 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.
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KLA-Tencor Corporation (KLA-Tencor) 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.
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