Daiwa Securities Group Inc. trimmed its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 40.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,026 shares of the semiconductor company’s stock after selling 32,522 shares during the period. Daiwa Securities Group Inc.’s holdings in KLA-Tencor were worth $4,209,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in shares of KLA-Tencor during the 4th quarter worth about $72,000. ETF Managers Group LLC increased its position in shares of KLA-Tencor by 17.9% during the 4th quarter. ETF Managers Group LLC now owns 1,217 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 185 shares in the last quarter. First Interstate Bank increased its position in shares of KLA-Tencor by 19.0% during the 4th quarter. First Interstate Bank now owns 1,250 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 200 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of KLA-Tencor by 44.8% during the 4th quarter. First Mercantile Trust Co. now owns 1,390 shares of the semiconductor company’s stock worth $124,000 after purchasing an additional 430 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of KLA-Tencor during the 4th quarter worth about $150,000. 94.43% of the stock is owned by institutional investors.
In other KLA-Tencor news, insider Brian M. Trafas sold 1,114 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $107.00, for a total value of $119,198.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teri A. Little sold 2,525 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $95.00, for a total transaction of $239,875.00. Following the completion of the sale, the executive vice president now owns 7,127 shares of the company’s stock, valued at approximately $677,065. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. During the same quarter last year, the company posted $1.97 EPS. As a group, equities research analysts forecast that KLA-Tencor Corp will post 8.34 EPS for the current year.
The business 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 $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, February 14th. KLA-Tencor’s payout ratio is presently 37.50%.
A number of equities research analysts recently issued reports on KLAC shares. Zacks Investment Research cut shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. BidaskClub cut shares of KLA-Tencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Cowen set a $120.00 target price on shares of KLA-Tencor and gave the stock an “outperform” rating in a research report on Tuesday, October 30th. B. Riley increased their target price on shares of KLA-Tencor from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, KeyCorp dropped their target price on shares of KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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