KLA-Tencor Corp (KLAC) Holdings Lowered by Strs Ohio
Strs Ohio cut its position in KLA-Tencor Corp (NASDAQ:KLAC) by 33.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,113 shares of the semiconductor company’s stock after selling 3,545 shares during the period. Strs Ohio’s holdings in KLA-Tencor were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. First Hawaiian Bank purchased a new position in shares of KLA-Tencor in the 3rd quarter valued at $199,000. Fox Run Management L.L.C. purchased a new position in shares of KLA-Tencor in the 3rd quarter valued at $246,000. Cerebellum GP LLC grew its position in shares of KLA-Tencor by 49.2% in the 4th quarter. Cerebellum GP LLC now owns 2,763 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 911 shares during the last quarter. JNBA Financial Advisors purchased a new position in shares of KLA-Tencor in the 3rd quarter valued at $248,000. Finally, Norway Savings Bank grew its position in shares of KLA-Tencor by 10.9% in the 4th quarter. Norway Savings Bank now owns 3,040 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 300 shares during the last quarter. 92.86% of the stock is currently owned by institutional investors.
In other KLA-Tencor news, insider Brian M. Trafas sold 674 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $93.74, for a total transaction of $63,180.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 3,795 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $94.07, for a total transaction of $356,995.65. Following the transaction, the chief financial officer now directly owns 1,669 shares in the company, valued at $157,002.83. The disclosure for this sale can be found here. Insiders have sold a total of 13,768 shares of company stock worth $1,312,231 over the last three months. 0.19% of the stock is currently owned by insiders.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $1.97 EPS. On average, research analysts forecast that KLA-Tencor Corp will post 8.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, February 14th. KLA-Tencor’s payout ratio is currently 37.50%.
A number of research firms recently commented on KLAC. BidaskClub raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Cowen reaffirmed an “outperform” rating and issued a $120.00 target price on shares of KLA-Tencor in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Friday, January 18th. Finally, B. Riley increased their target price on shares of KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, October 30th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $127.83.
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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